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Cree, Inc. (CREE)

Stock Price: $92.76 USD 1.67 (1.83%)
Updated Jul 30, 2021 4:00 PM EDT - Market closed
After-hours: $92.75 -0.01 (-0.01%) Jul 30, 5:05 PM
Market Cap 10.71B
Revenue (ttm) 686.60M
Net Income (ttm) -415.80M
Shares Out 112.89M
EPS (ttm) -3.74
PE Ratio n/a
Forward PE 232.56
Dividend n/a
Dividend Yield n/a
Trading Day July 30
Last Price $92.76
Previous Close $91.09
Change ($) 1.67
Change (%) 1.83%
Day's Open 89.89
Day's Range 89.19 - 92.93
Day's Volume 1,086,117
52-Week Range 56.39 - 129.90

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With the trading day about halfway over, the broad markets were edging higher to start out the week.

Other stocks mentioned: CMCSA, CSX, SNOW, UAL, CLOV, MMM, PATH ...
2 weeks ago - 24/7 Wall Street

Up almost 3x from its low in March 2020, at the current price of $93 per share, we believe Cree stock has further upside potential. Cree stock rose from $32 in March 2020 to $93 currently, much more tha...

2 weeks ago - Forbes

CARLSBAD, Calif. & DURHAM, N.C.--(BUSINESS WIRE)--MaxLinear's ultra-wideband linearization solution (MaxLin) and Cree's Wolfspeed Gallium Nitride on SiC mid-band PAs achieve breakthrough performance

Other stocks mentioned: MXL
1 month ago - Business Wire

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. announced that Gospower will utilize Cree's Wolfspeed 650V silicon carbide MOSFETs for next generation CRPS solutions.

1 month ago - Business Wire

Benjamin Graham, the father of value investing, suggested screening the market for stocks that have a current ratio of more than 2 plus more working capital than long-term debt.

Other stocks mentioned: TECH, ZLAB
1 month ago - GuruFocus

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. (Nasdaq: CREE), today announced that its senior management will present at the following virtual investor conferences.

1 month ago - Business Wire

Cree (CREE) reported earnings 30 days ago. What's next for the stock?

2 months ago - Zacks Investment Research

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. to Participate in J.P. Morgan's 49th Annual Global Technology, Media and Communications Conference

2 months ago - Business Wire

RACINE, Wis.--(BUSINESS WIRE)--Cree Lighting expands Connected Max Smart Home LED bulbs at Lowe's; introduces SmartThings compatibility, app updates, new downlight and glass bulbs.

2 months ago - Business Wire

Although Cree, Inc. (NASDAQ: CREE) reported its fiscal third-quarter results in-line with expectations and announced mixed guidance for its fiscal fourth quarter, which “leaves the narrative unchanged,”...

3 months ago - Benzinga

Third-quarter 2021 earnings were atrocious -- and Q4 won't be any better.

3 months ago - The Motley Fool

Cree, Inc. (NASDAQ: CREE) shares are trading lower after the company issued fourth-quarter EPS guidance below analyst estimates. JPMorgan also downgraded Cree from Neutral to Underweight with a $108 pri...

3 months ago - Benzinga

Cree's (CREE) fiscal third-quarter results reflect gains from solid demand in materials, power and RF business.

3 months ago - Zacks Investment Research

Cree (CREE) delivered earnings and revenue surprises of 4.35% and 5.86%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Shares of Cree (NASDAQ:CREE) fell after the company reported Q3 results. Quarterly Results Earnings per share fell 57.14% year over year to ($0.22), which beat the estimate of ($0.23).

3 months ago - Benzinga

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. today announced revenue from continuing operations of $137.3 million for its third quarter of fiscal 2021, ended March 28, 2021.

3 months ago - Business Wire

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. will conduct a conference call to discuss its Q3 fiscal 2021 results and business outlook on April 28, 2021, at 5:00 p.m. ET.

3 months ago - Business Wire

Lithium stocks got a boost on Thursday following the release of President Joe Biden's plans to upgrade the U.S.'s infrastructure. The post Lithium Stocks: Why Shares of LTHM, ALB and SQM Are Looking Str...

Other stocks mentioned: ALB, LTHM, SQM, SUNW, UEC
3 months ago - InvestorPlace

Semiconductor stocks are up on Wednesday after new plans to advance the industry was announced by President Joe Biden's administration. The post Semiconductor Stocks: 7 Names Looking Chipper on Biden In...

Other stocks mentioned: AMAT, KLAC, LRCX, LSCC, ON, TER
4 months ago - InvestorPlace

With the trading day about halfway over, the broad markets were pushing lower. The Dow Jones industrial average and S&P 500 were only down slightly to start the week, while the Nasdaq faced the worst of...

Other stocks mentioned: CODX, DOCU, CTMX, DHT, DOW, MDLA, NMR ...
4 months ago - 24/7 Wall Street

DURHAM, N.C.--(BUSINESS WIRE)--Cengiz Balkas, senior vice president of Wolfspeed, will be presenting virtually at the 33rd Annual Roth Conference on Monday, March 15 at 3:00PM ET.

4 months ago - Business Wire

Monday's biggest analyst calls

YouTube video

CNBC's Rahel Solomon & the "Halftime Report" traders take you through the biggest analyst calls of the day

Other stocks mentioned: BRK.A, BRK.B, DKNG, SAM, W
4 months ago - CNBC Television

DURHAM, N.C.--(BUSINESS WIRE)--Cree announced it has completed the previously announced sale of its LED Products business unit to SMART Global Holdings, Inc. effective today.

5 months ago - Business Wire

DURHAM, N.C.--(BUSINESS WIRE)--Cree CEO Gregg Lowe and CFO Neill Reynolds will present virtually at Morgan Stanley's 2021 Global Technology, Media & Telecom Conference on March 1.

5 months ago - Business Wire

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. Completes $500 Million At-The-Market Equity Offering

5 months ago - Business Wire

Cree (CREE) shares opened higher after Citi upgraded the stock to Buy with a $160 price target.

5 months ago - Investopedia

Cree stock is up around 2.5x since the beginning of 2020, and at the current price around $116 per share, we believe that Cree stock has over 25% potential downside. Why is that?

5 months ago - Forbes

Cree's (CREE) fiscal second-quarter results reflect gains from solid demand in materials, power and RF business.

6 months ago - Zacks Investment Research

Cree, Inc. (CREE) CEO Gregg Lowe on Q2 2021 Results - Earnings Call Transcript

Other stocks mentioned: LOW
6 months ago - Seeking Alpha

Cree (CREE) delivered earnings and revenue surprises of 4.00% and 4.48%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Shares of Cree (NASDAQ:CREE) decreased in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share fell 140.00% over the past year to ($0.24), which beat the esti...

6 months ago - Benzinga

DURHAM, N.C.--(BUSINESS WIRE)--Cree today announced revenue from continuing operations of $127.0 million for its second quarter of fiscal 2021, ended December 27, 2020.

6 months ago - Business Wire

Cree (NASDAQ:CREE) announces its next round of earnings this Wednesday, January 27. Here is Benzinga's look at Cree's Q2 earnings report.

6 months ago - Benzinga

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. announced today that Marvin A. Riley has been appointed to the Company's Board of Directors, effective January 25, 2021.

6 months ago - Business Wire

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. announced today that Marvin A. Riley has been appointed to the Company's Board of Directors, effective January 25, 2021.

6 months ago - Business Wire

DURHAM, N.C.--(BUSINESS WIRE)--Cree will conduct a conference call and audio webcast to discuss its Q2 FY2021 results and business outlook on January 27, 2020, at 5:00 p.m. ET.

6 months ago - Business Wire

When Cree started out, it was known as just a lighting company. The company has transformed over the last 10 to 15 years and now looks to become a leader in the semiconductor industry.

6 months ago - Seeking Alpha

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, today announced the launch of its Wolfspeed WolfPACK™ power modules.

6 months ago - Business Wire

Firm also upped FibroGen stake in December

Other stocks mentioned: BMRN
6 months ago - GuruFocus

Cree stock is up around 2.3x since the beginning of this year, and at the current price around $106 per share, we believe that Cree stock has over 20% potential downside. Why is that?

6 months ago - Forbes

Final Trades: Shake Shack, ViacomCBS, Booking Holdings & more

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The "Halftime Report" traders give their top picks to watch for the second half.

Other stocks mentioned: BKNG, SHAK, VIAC
7 months ago - CNBC Television

Cree (CREE) shares continued to consolidate after Morgan Stanley downgraded the stock to Equal Weight amid valuation concerns.

7 months ago - Investopedia

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. (Nasdaq: CREE) today announced that its senior management will present in two upcoming virtual investor conferences.

8 months ago - Business Wire

Cree will be biggest benefactor of the EV/5G trends. But steep valuation and perfect execution necessary for long-term investors to profit.

8 months ago - Seeking Alpha

JP Morgan likes this stock. I don't.

8 months ago - The Motley Fool

Cree stock is up 54% since the beginning of this year, and at the current price of around $70 per share, we believe that Cree stock has more than 20% potential downside. Why is that?

8 months ago - Forbes

Cree shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 73 to 83. The post Cree Shows Market Leadership With Jump To 83 RS Rating appeared first on Investor's Bu...

8 months ago - Investors Business Daily

Cree's (CREE) fiscal first-quarter results reflect softness in demand owing to coronavirus pandemic and headwinds from lower utilization in materials business.

9 months ago - Zacks Investment Research

Cree, Inc. (CREE) CEO Gregg Lowe on Q1 2021 Results - Earnings Call Transcript

Other stocks mentioned: LOW
9 months ago - Seeking Alpha

Cree (CREE) delivered earnings and revenue surprises of 13.64% and 3.51%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

9 months ago - Zacks Investment Research

About CREE

Cree, Inc. 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 fo... [Read more...]

Industry
Semiconductors
IPO Date
Feb 8, 1993
CEO
Charles Swoboda
Employees
5,130
Stock Exchange
NASDAQ
Ticker Symbol
CREE
Full Company Profile

Financial Performance

In 2020, Cree, Inc.'s revenue was $903.90 million, a decrease of -16.31% compared to the previous year's $1.08 billion. Losses were -$191.70 million, -48.89% less than in 2019.

Financial Statements

Analyst Forecasts

According to 15 analysts, the average rating for Cree, Inc. stock is "Hold." The 12-month stock price forecast is 117.92, which is an increase of 27.12% from the latest price.

Price Target
$117.92
(27.12% upside)
Analyst Consensus: Hold