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Cree, Inc. (CREE)

Stock Price: $72.53 USD 0.62 (0.86%)
Updated Oct 23, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 7.96B
Revenue (ttm) 903.90M
Net Income (ttm) -191.70M
Shares Out 109.72M
EPS (ttm) -1.78
PE Ratio n/a
Forward PE 232.56
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Oct 23, 2020
Last Price $72.53
Previous Close $71.91
Change ($) 0.62
Change (%) 0.86%
Day's Open 72.25
Day's Range 71.28 - 73.42
Day's Volume 654,845
52-Week Range 27.77 - 77.19

More Stats

Market Cap 7.96B
Enterprise Value 7.50B
Earnings Date (est) Oct 28, 2020
Ex-Dividend Date n/a
Shares Outstanding 109.72M
Float 108.56M
EPS (basic) -1.78
EPS (diluted) -1.78
FCF / Share -2.44
Dividend n/a
Dividend Yield n/a
Earnings Yield n/a
FCF Yield n/a
Payout Ratio n/a
Shares Short 13.29M
Short Ratio 12.23
Short % of Float 12.24%
Beta 1.12
PE Ratio n/a
Forward PE 232.56
P/FCF Ratio n/a
PS Ratio 8.80
PB Ratio 3.79
Revenue 903.90M
Operating Income -209.40M
Net Income -191.70M
Free Cash Flow -263.50M
Net Cash 452.90M
Net Cash / Share 4.13
Gross Margin 28.41%
Operating Margin -23.17%
Profit Margin -21.20%
FCF Margin -29.15%
ROA -3.17%
ROE -9.23%
ROIC -13.10%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (14)

Buy 2
Overweight 0
Hold 11
Underweight 0
Sell 1

Analyst Consensus: Overweight

Price Target

$70.83*
(-2.34% downside)
Low
46.0
Current: $72.53
High
84.0
Target: 70.83
*Average 12-month price target from 12 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2020201920182017201620152014201320122011
Revenue9041,0809257721,6171,6331,6481,3861,165988
Revenue Growth-16.31%16.77%19.88%-52.28%-0.97%-0.92%18.88%19%17.93%-
Gross Profit248391302244487474618523409436
Operating Income-209-15.90-28.00-20.10-10.47-73.5513396.4939.26169
Net Income-192-375-280-98.10-21.54-64.6912386.9344.41147
Shares Outstanding10810499.5398.49102113121117115109
Earnings Per Share-1.78-3.62-2.81-1.00-0.21-0.571.000.740.391.33
EPS Growth------35.14%89.74%-70.68%-
Operating Cash Flow-29.00202174221203181319285242251
Capital Expenditures-235-131-172-85.50-115-206-178-77.17-94.76-237
Free Cash Flow-26471.301.8013588.59-24.6214120814814.50
Cash & Equivalents1,2521,0513876116057131,1621,0247451,086
Total Debt799469292145160200----
Net Cash / Debt45358295.104664455131,1621,0247451,086
Assets3,2312,8172,6382,6502,7662,9483,3443,0522,7472,447
Liabilities1,142776566427398486354246187185
Book Value2,0832,0362,0672,2232,3682,4622,9902,8072,5602,262
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Cree, Inc.
Country United States
Employees 5,130
CEO Gregg A. Lowe

Stock Information

Ticker Symbol CREE
Stock Exchange NASDAQ
Sector Technology
Industry Semiconductors
Unique Identifier NASDAQ: CREE
IPO Date February 8, 1993

Description

Cree provides lighting-class light emitting diode (LED) and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, and internationally. It operates in two segments, Wolfspeed and LED Products. The Wolfspeed segment offers silicon carbide (SiC) materials for RF, power switching, gemstones, and other applications. It also provides SiC power device products, including SiC Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), power modules, and gate driver boards for electric vehicles, including charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. In addition, this segment offers gallium nitride (GaN) die, high-electron mobility transistors (HEMTs), monolithic microwave integrated circuits (MMICs), and laterally diffused MOSFET (LDMOS) power transistors for telecommunications infrastructure, military, and other commercial applications; and custom die manufacturing services for GaN HEMTs and MMICs. The LED Products segment provides blue and green LED chip products for video screens, gaming displays, function indicator lights and automotive backlights, headlamps, and directional indicators. It also offers XLamp LED components and LED modules for lighting applications; and surface mount and through-hole packaged LED products for video, signage, general illumination, transportation, gaming, and specialty lighting applications. The company was founded in 1987 and is headquartered in Durham, North Carolina.