Many Cree, Inc.(CREE) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Cree was Downgraded by JMP Securities to Mkt Perform on Feb 9, 2017. Company shares were Reiterated by Williams Capital Group on Jan 25, 2017 to Hold, Raises Price Target to $ 24 from a previous price target of $23 .Cree was Initiated by JMP Securities on Dec 8, 2016 to Mkt Outperform, Price Target of the shares are set at $32.
Company has reported several Insider transactions to the SEC, on Oct 24, 2016, Michael E Mcdevitt (CFO) purchased 5,000 shares at 22.20 per share price.On Oct 21, 2016, Charles M Swoboda (CEO) purchased 10,000 shares at 22.22 per share price.On Oct 20, 2016, John B Replogle (director) purchased 5,000 shares at 22.34 per share price.
Cree Last issued its quarterly earnings results on Jan 24, 2017. The company reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $0.13. The company had revenue of $347.00 million for the quarter, compared to analysts expectations of $325.09 million. The companys revenue was down -11.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.
Cree, Inc. (NASDAQ:CREE) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.82 by 11 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 10 Brokerage Firms have advised hold.
Cree, Inc. (NASDAQ:CREE): The stock price is expected to reach $ 27 in the short term. The number of analysts agreeing with this consensus is 8. The higher estimate for the short term price target is at $34 while the lower estimate is at $19. The standard deviation of the price stands at $4.99.
Cree, Inc. (NASDAQ:CREE) witnessed a decline in the market cap on Tuesday as its shares dropped 0.58% or 0.15 points. After the session commenced at $25.56, the stock reached the higher end at $25.67 while it hit a low of $25.41. With the volume soaring to 791,883 shares, the last trade was called at $25.56. The company has a 52-week high of $32.92. The company has a market cap of $2,490 million and there are 97,404,938 shares in outstanding. The 52-week low of the share price is $20.75.
Cree, Inc. is a market-leading innovator and manufacturer of semiconductors that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency. Key to Crees market advantage is its world-class materials expertise in silicon carbide and gallium nitride for chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products. Cree drives its increased performance technology into multiple applications, including exciting alternatives in brighter and more-tunable light for general illumination, backlighting for more-vivid displays, optimized power management for high-current switch-mode power supplies and variable-speed motors, and more-effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting-fixtures makers to defense-related federal agencies.