Research Analysts’ Recent Ratings Changes for Cree (CREE)

A number of firms have modified their ratings and price targets on shares of Cree (NASDAQ: CREE) recently:

  • 12/20/2017 – Cree is now covered by analysts at Piper Jaffray Companies. They set a “neutral” rating and a $37.00 price target on the stock.
  • 12/20/2017 – Cree was given a new $45.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 12/19/2017 – Cree was given a new $28.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “sell” rating on the stock.
  • 12/19/2017 – Cree had its “under perform” rating reaffirmed by analysts at Northland Securities. They now have a $28.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 12/15/2017 – Cree was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “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 Cree’s 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. “
  • 12/12/2017 – Cree was given a new $45.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 12/11/2017 – Cree had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 11/23/2017 – Cree was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “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 Cree’s 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. “
  • 11/17/2017 – Cree was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “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 Cree’s 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. “
  • 11/6/2017 – Cree was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $45.00 price target on the stock, up previously from $26.00.

Cree, Inc. (NASDAQ:CREE) opened at $38.62 on Friday. The company has a current ratio of 4.82, a quick ratio of 3.61 and a debt-to-equity ratio of 0.06. Cree, Inc. has a 12-month low of $20.50 and a 12-month high of $40.24. The firm has a market capitalization of $3,790.00, a P/E ratio of -31.66 and a beta of 1.26.

Cree (NASDAQ:CREE) last issued its earnings results on Tuesday, October 17th. The LED producer reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. Cree had a negative return on equity of 0.44% and a negative net margin of 8.42%. The company had revenue of $360.00 million for the quarter, compared to analyst estimates of $360.01 million. During the same period in the prior year, the firm earned $0.09 earnings per share. Cree’s revenue for the quarter was down 3.0% on a year-over-year basis. research analysts predict that Cree, Inc. will post -0.27 EPS for the current fiscal year.

Cree, Inc is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The Company’s products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems.

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