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.
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Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Phone919-407-5300
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.08 billion
Profitability
Miscellaneous
Employees5,319
Next Earnings Date10/30/2019 (Confirmed)
OptionableOptionable
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) announced its quarterly earnings data on Tuesday, August, 20th. The LED producer reported $0.11 EPS for the quarter, missing the consensus estimate of $0.20 by $0.09. The LED producer had revenue of $251 million for 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%. The firm'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?
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 EPS 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 brokerages have issued twelve-month target prices for Cree's shares. Their predictions range from $38.00 to $81.00. On average, they anticipate Cree's share price to reach $55.2317 in the next year. This suggests a possible upside of 7.3% 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?
Media coverage about CREE stock has been trending negative this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cree earned a coverage optimism score of -2.9 on InfoTrie's scale. They also gave media coverage about the LED producer a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Cree.
Who are some of Cree's key competitors?
Some companies that are related to Cree include STMicroelectronics (STM), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), ASE Technology (ASX), Qorvo (QRVO), Cypress Semiconductor (CY), Advantest (ATEYY), ON Semiconductor (ON), IPG Photonics (IPGP), First Solar (FSLR), Monolithic Power Systems (MPWR), Semiconductor Manufacturing International (SMICY), Mellanox Technologies (MLNX) and United Microelectronics (UMC).
What other stocks do shareholders of Cree own?
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 many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.94%), BlackRock Inc. (10.94%), Vanguard Group Inc. (9.15%), Primecap Management Co. CA (7.93%), Iridian Asset Management LLC CT (2.44%) and Nuveen Asset Management LLC (2.28%). 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 BlackRock Inc., BlackRock Inc., Vanguard Group Inc., Robecosam AG, Iridian Asset Management LLC CT, Wells Fargo & Company MN, Allianz Asset Management GmbH and Charles Schwab Investment Management Inc.. View Insider Buying and Selling for Cree.
Which major investors are buying Cree stock?
CREE stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Invesco Ltd., Whale Rock Capital Management LLC, Victory Capital Management Inc., Renaissance Technologies LLC, UBS Asset Management Americas Inc., Paloma Partners Management Co and Pictet Asset Management Ltd.. 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 $51.47.
How big of a company is Cree?
Cree has a market capitalization of $5.51 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?
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)
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.
