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Cree Stock Price, News & Analysis (NASDAQ:CREE)

$44.42
-2.00 (-4.31 %)
(As of 10/18/2019 12:13 PM ET)
Today's Range
$44.39
Now: $44.42
$46.38
50-Day Range
$41.44
MA: $47.85
$52.18
52-Week Range
$34.52
Now: $44.42
$69.21
Volume80,375 shs
Average Volume1.29 million shs
Market Capitalization$4.75 billion
P/E Ratio123.39
Dividend YieldN/A
Beta0.91
Cree, Inc provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. It operates in three segments: Wolfspeed, LED Products, and Lighting Products. The Wolfspeed segment offers silicon carbide (SiC) materials for RF, power switching, gemstones, and other applications. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:CREE
CUSIP22544710
Phone919-407-5300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.08 billion
Cash Flow$3.46 per share
Book Value$19.39 per share

Profitability

Net Income$-375,100,000.00

Miscellaneous

Employees5,319
Market Cap$4.75 billion
Next Earnings Date10/30/2019 (Confirmed)
OptionableOptionable

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Cree (NASDAQ:CREE) Frequently Asked Questions

What is Cree's stock symbol?

Cree trades on the NASDAQ under the ticker symbol "CREE."

How were Cree's earnings last quarter?

Cree, Inc. (NASDAQ:CREE) released its quarterly earnings data on Tuesday, August, 20th. The LED producer reported $0.11 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.20 by $0.09. The LED producer earned $251 million during the quarter, compared to analyst estimates of $248.95 million. Cree had a negative net margin of 27.86% and a positive return on equity of 1.23%. Cree's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 earnings per share. View Cree's Earnings History.

When is Cree's next earnings date?

Cree is scheduled to release their next quarterly earnings announcement on Wednesday, October 30th 2019. View Earnings Estimates for Cree.

How can I listen to Cree's earnings call?

Cree will be holding an earnings conference call on Wednesday, October 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What guidance has Cree issued on next quarter's earnings?

Cree issued an update on its first quarter earnings guidance on Tuesday, August, 20th. The company provided EPS guidance of ($0.07)-(0.03) for the period, compared to the Thomson Reuters consensus estimate of $0.15. The company issued revenue guidance of $237-243 million, compared to the consensus revenue estimate of $259.24 million.

What price target have analysts set for CREE?

14 equities research analysts have issued 12-month target prices for Cree's shares. Their forecasts range from $38.00 to $81.00. On average, they anticipate Cree's stock price to reach $55.40 in the next year. This suggests a possible upside of 24.7% from the stock's current price. View Analyst Price Targets for Cree.

What is the consensus analysts' recommendation for Cree?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cree in the last year. There are currently 2 sell ratings, 9 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cree.

Has Cree been receiving favorable news coverage?

News stories about CREE stock have been trending neutral this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cree earned a daily sentiment score of 0.2 on InfoTrie's scale. They also assigned press coverage about the LED producer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Cree.

Who are some of Cree's key competitors?

What other stocks do shareholders of Cree own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cree investors own include NVIDIA (NVDA), Alibaba Group (BABA), Intel (INTC), Bank of America (BAC), Micron Technology (MU), Netflix (NFLX), QUALCOMM (QCOM), General Electric (GE), Tesla (TSLA) and salesforce.com (CRM).

Who are Cree's key executives?

Cree's management team includes the folowing people:
  • Mr. Gregg A. Lowe, Pres, CEO & Director (Age 56)
  • Dr. John W. Palmour, Founder & CTO - Wolfspeed (Age 58)
  • Mr. Neill P. Reynolds, Chief Financial Officer (Age 44)
  • Mr. Raiford Garrabrant, Director of Investor Relations
  • Mr. Greg Merritt, VP of Marketing & Public Affairs

Who are Cree's major shareholders?

Cree's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Roubaix Capital LLC (0.07%), Envestnet Asset Management Inc. (0.05%), Nisa Investment Advisors LLC (0.04%), Pacer Advisors Inc. (0.04%), State of Alaska Department of Revenue (0.02%) and Polianta Ltd (0.02%). Company insiders that own Cree stock include David Todd Emerson, Duy Loan T Le and Michael E Mcdevitt. View Institutional Ownership Trends for Cree.

Which major investors are selling Cree stock?

CREE stock was sold by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Nisa Investment Advisors LLC and Crossmark Global Holdings Inc.. View Insider Buying and Selling for Cree.

Which major investors are buying Cree stock?

CREE stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Polianta Ltd, Roubaix Capital LLC, Envestnet Asset Management Inc., Sterling Investment Advisors Ltd., Arden Trust Co, CIBC Private Wealth Group LLC and Winslow Evans & Crocker Inc.. View Insider Buying and Selling for Cree.

How do I buy shares of Cree?

Shares of CREE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Cree's stock price today?

One share of CREE stock can currently be purchased for approximately $44.42.

How big of a company is Cree?

Cree has a market capitalization of $4.75 billion and generates $1.08 billion in revenue each year. The LED producer earns $-375,100,000.00 in net income (profit) each year or $0.36 on an earnings per share basis. Cree employs 5,319 workers across the globe.View Additional Information About Cree.

What is Cree's official website?

The official website for Cree is http://www.cree.com/.

How can I contact Cree?

Cree's mailing address is 4600 Silicon Drive, DURHAM NC, 27703. The LED producer can be reached via phone at 919-407-5300 or via email at [email protected]


MarketBeat Community Rating for Cree (NASDAQ CREE)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  888 (Vote Outperform)
Underperform Votes:  930 (Vote Underperform)
Total Votes:  1,818
MarketBeat's community ratings are surveys of what our community members think about Cree and other stocks. Vote "Outperform" if you believe CREE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CREE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/18/2019 by MarketBeat.com Staff

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