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Cree, Inc. (CREE)

Stock Price: $114.37 USD -0.80 (-0.69%)
Updated Jan 22, 2021 4:00 PM EST - Market closed
After-hours: $114.81 +0.44 (0.39%) Jan 22, 7:59 PM
Market Cap 12.62B
Revenue (ttm) 877.70M
Net Income (ttm) -338.30M
Shares Out 109.71M
EPS (ttm) -3.12
PE Ratio n/a
Forward PE 232.56
Dividend n/a
Dividend Yield n/a
Trading Day January 22
Last Price $114.37
Previous Close $115.17
Change ($) -0.80
Change (%) -0.69%
Day's Open 113.81
Day's Range 112.50 - 115.31
Day's Volume 1,307,552
52-Week Range 29.15 - 123.53

News

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Business Wire - 3 days ago

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.

Seeking Alpha - 1 week ago

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.

Business Wire - 1 week ago

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.

GuruFocus - 2 weeks ago

Firm also upped FibroGen stake in December

Other stocks mentioned: BMRN
Forbes - 2 weeks ago

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?

CNBC Television - 1 month ago

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

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

Other stocks mentioned: BKNG, SHAK, VIAC
Investopedia - 1 month ago

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

Business Wire - 1 month ago

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

Seeking Alpha - 1 month ago

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

The Motley Fool - 2 months ago

JP Morgan likes this stock. I don't.

Forbes - 2 months ago

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?

Investors Business Daily - 2 months ago

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 Inv...

Zacks Investment Research - 2 months ago

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

Seeking Alpha - 2 months ago

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

Other stocks mentioned: LOW
Zacks Investment Research - 2 months ago

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?

Benzinga - 2 months ago

Shares of Cree (NASDAQ:CREE) decreased 2.62% in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were down 533.33% over the past year to ($0.19)...

Business Wire - 2 months ago

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. (Nasdaq: CREE) today announced revenue of $216.6 million for its first quarter of fiscal 2021, ended September 27, 2020.

Benzinga - 2 months ago

Cree (NASDAQ: CREE) unveils its next round of earnings this Wednesday, October 28. Get prepared with Benzinga's ultimate preview for Cree's Q1 earnings.

Business Wire - 3 months ago

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. will conduct a conference call and audio webcast to discuss its first quarter fiscal 2021 results and business outlook on October 28, 2020.

The Motley Fool - 3 months ago

The company is selling its LED operations, dramatically changing the stock's investment thesis.

InvestorPlace - 3 months ago

Cree (CREE) is in the news Monday after announcing plans to sell its LED unit to Smart Global Holdings (SGH) for as much as $300 million. The post Cree News: Smart Global Holdings to Buy Cree ...

Other stocks mentioned: SGH
Forbes - 3 months ago

Cree stock is up 54% since the beginning of this year, and at the current price of around $71 per share, we believe that Cree stock has more than 20% potential downside. Why is that?

Business Wire - 3 months ago

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. today announced it has entered into a definitive agreement to sell its LED Products business unit to SMART Global Holdings, Inc.

Other stocks mentioned: SGH
Zacks Investment Research - 4 months ago

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

Forbes - 4 months ago

After a 108% rise since its low in March, at the current price of around $60 per share we believe Cree stock has reached its near term potential. The stock has crossed the level it was at befo...

Benzinga - 5 months ago

Lighting company Cree, Inc. (NASDAQ: CREE) reported mixed fiscal fourth-quarter results Tuesday that prompted a selloff in the stock, but two Street analysts see a brighter future.

Zacks Investment Research - 5 months ago

Cree's (CREE) fourth-quarter fiscal 2020 results reflect softness in demand owing to coronavirus pandemic induced supply constraints.

Seeking Alpha - 5 months ago

Cree, Inc. (CREE) CEO Gregg Lowe On Q4 2020 Results - Earnings Call Transcript

Zacks Investment Research - 5 months ago

Cree (CREE) delivered earnings and revenue surprises of 10.00% and 3.49%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

InvestorPlace - 5 months ago

Cree (CREE) earnings for the lighting company's fiscal fourth quarter of 2020 have its stock heading lower after markets closed on Tuesday. The post Cree Earnings: CREE Stock Dims 2% Lower on ...

Market Watch - 5 months ago

Cree Inc. CREE, -5.44% shares declined in the extended session Tuesday after the electronics component company forecast a wider-than-expected loss.

Business Wire - 5 months ago

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc.

Zacks Investment Research - 5 months ago

Cree's (CREE) fourth-quarter fiscal 2020 results are likely to reflect ongoing momentum in silicon carbide devices amid coronavirus crisis induced macroeconomic headwinds.

Zacks Investment Research - 5 months ago

Cree (CREE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Business Wire - 5 months ago

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc.

Seeking Alpha - 6 months ago

Cree, Inc.: Powering Its Way Ahead

Forbes - 7 months ago

Cree stock (NASDAQ: CREE) is up around 32% since the beginning of this year, and at the current price of around $61 per share, we believe Cree stock could see significant downside. Why is that?

Zacks Investment Research - 7 months ago

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

Forbes - 7 months ago

Due to the spread of the novel Coronavirus that has rattled the stock markets and the broader economy, at the current price of $50 per share, we believe Cree stock (NASDAQ: CREE) could see sig...

Investopedia - 8 months ago

Cree shares broke out from resistance during Wednesday's session after JPMorgan upgraded the stock to Neutral with a $60 price target.

Zacks Investment Research - 8 months ago

Cree's (CREE) third-quarter fiscal 2020 results reflect softness in demand owing to coronavirus pandemic.

Seeking Alpha - 8 months ago

Cree, Inc. (CREE) CEO Gregg Lowe on Q3 2020 Results - Earnings Call Transcript

Other stocks mentioned: LOW
Zacks Investment Research - 8 months ago

Cree (CREE) delivered earnings and revenue surprises of 6.67% and -0.24%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Forbes - 9 months ago

Comparing the trend in Cree (NASDAQ: CREE) stock over recent months with its trajectory during and after the Great Recession of 2008, we believe that the stock can recover to its pre-crisis le...

Zacks Investment Research - 9 months ago

Cree (CREE) lowers fiscal third-quarter revenue and loss per share projections in its preliminary report owing to coronavirus pandemic.

The Motley Fool - 10 months ago

Surprise! The spread of the COVID-19 illness can have a negative impact on pot stocks in a variety of ways.

Other stocks mentioned: ACB, KSHB, PLNHF
Zacks Investment Research - 10 months ago

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

The Motley Fool - 11 months ago

The North American cannabis industry is more reliant on China than you probably realize.

Other stocks mentioned: CRON, KSHB
The Motley Fool - 11 months ago

Cree beats on sales, misses on earnings -- and warns of worse to come.

Zacks Investment Research - 11 months ago

Cree's (CREE) second-quarter fiscal 2020 results reflect softness in China and the inclusion of a reserve on Huawei inventory.

About CREE

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 elec... [Read more...]

Industry
Semiconductors
IPO Date
Feb 8, 1993
CEO
Gregg Lowe
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 72.00, which is a decrease of -37.05% from the latest price.

Price Target
$72.00
(-37.05% downside)
Analyst Consensus: Hold