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Cree, Inc. (CREE)

Stock Price: $72.33 USD 2.21 (3.15%)
Updated Aug 4, 2020 4:00 PM EDT - Market closed
Pre-market: $72.26 -0.07 (-0.10%) Aug 5, 8:49 AM

Stock Price Chart

Key Info

Market Cap 7.82B
Revenue (ttm) 949.50M
Net Income (ttm) -285.93M
Shares Out 108.16M
EPS (ttm) -2.67
PE Ratio n/a
Forward PE 232.56
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Aug 4, 2020
Last Price $72.33
Previous Close $70.12
Change ($) 2.21
Change (%) 3.15%
Day's Open 70.79
Day's Range 70.57 - 72.46
Day's Volume 826,936
52-Week Range 27.77 - 72.46

More Stats

Market Cap 7.82B
Enterprise Value 7.46B
Earnings Date (est) Aug 18, 2020
Ex-Dividend Date n/a
Shares Outstanding 108.16M
Float 107.61M
EPS (basic) -2.68
EPS (diluted) -2.67
FCF / Share -2.10
Dividend n/a
Dividend Yield n/a
Earnings Yield n/a
FCF Yield n/a
Payout Ratio n/a
Shares Short 12.55M
Short Ratio 11.69
Short % of Float 13.51%
Beta 1.12
PE Ratio n/a
Forward PE 232.56
P/FCF Ratio n/a
PS Ratio 8.24
PB Ratio 3.84
Revenue 949.50M
Operating Income -170.69M
Net Income -285.93M
Free Cash Flow -227.13M
Net Cash 363.80M
Net Cash / Share 3.36
Gross Margin 41.18%
Operating Margin -17.98%
Profit Margin -30.10%
FCF Margin -23.92%
ROA -2.81%
ROE -9.29%
ROIC -21.40%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (14)

Buy 4
Overweight 0
Hold 9
Underweight 0
Sell 1

Analyst Consensus: Overweight

Price Target

$55.31*
(-23.53% downside)
Low
33.0
Current: $72.33
High
74.0
Target: 55.31
*Average 12-month price target from 13 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue1,0809257721,6171,6331,6481,3861,165988867
Revenue Growth16.77%19.88%-52.28%-0.97%-0.92%18.88%19%17.93%13.87%-
Gross Profit391302244487474618523409436411
Operating Income-15.90-28.00-20.10-10.47-73.5513396.4939.26169198
Net Income-375-280-98.10-21.54-64.6912386.9344.41147152
Shares Outstanding10499.5398.49102113121117115109102
Earnings Per Share-3.62-2.81-1.00-0.21-0.571.000.740.391.331.45
EPS Growth-----35.14%89.74%-70.68%-8.28%-
Operating Cash Flow202174221203181319285242251251
Capital Expenditures-142-185-85.50-115-206-178-77.17-94.76-237-168
Free Cash Flow60.20-11.6013588.59-24.6214120814814.5082.17
Cash & Equivalents1,0513876116057131,1621,0247451,0861,066
Total Debt469292145160200-----
Net Cash / Debt58295.104664455131,1621,0247451,0861,066
Assets2,8172,6382,6502,7662,9483,3443,0522,7472,4472,199
Liabilities776566427398486354246187185171
Book Value2,0362,0672,2232,3682,4622,9902,8072,5602,2622,028
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Cree, Inc.
Country United States
Employees 5,319
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, 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 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.