Headlines about Cree (NASDAQ:CREE) have been trending somewhat negative this week, according to Alpha One Sentiment. The research firm, a unit of Accern, scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cree earned a news sentiment score of -0.03 on Alpha One’s scale. Alpha One also gave media headlines about the LED producer an impact score of 91 out of 100, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the next few days.

Here are some of the media headlines that may have effected AlphaOne’s analysis:

Cree (NASDAQ:CREE) traded down 0.60% on Friday, hitting $24.66. 439,530 shares of the stock were exchanged. The company’s 50 day moving average price is $26.07 and its 200-day moving average price is $25.90. The company’s market cap is $2.43 billion. Cree has a one year low of $20.75 and a one year high of $31.64.

Cree (NASDAQ:CREE) last issued its earnings results on Tuesday, January 24th. The LED producer reported $0.30 EPS for the quarter, topping the consensus estimate of $0.08 by $0.22. The firm earned $347 million during the quarter, compared to analysts’ expectations of $328.54 million. Cree had a positive return on equity of 1.06% and a negative net margin of 0.26%. Cree’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. Equities research analysts predict that Cree will post $0.60 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on CREE shares. Canaccord Genuity boosted their target price on shares of Cree from $20.00 to $23.00 and gave the company a “hold” rating in a report on Thursday, January 19th. JMP Securities downgraded shares of Cree from an “outperform” rating to a “market perform” rating in a report on Thursday, February 9th. Zacks Investment Research upgraded shares of Cree from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Monday, January 30th. Williams Capital boosted their target price on shares of Cree from $23.00 to $24.00 and gave the company a “hold” rating in a report on Wednesday, January 25th. Finally, Roth Capital set a $34.00 target price on shares of Cree and gave the company a “buy” rating in a report on Thursday, February 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. Cree currently has an average rating of “Hold” and an average target price of $26.22.

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Cree Company Profile

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.

5 Day Chart for NASDAQ:CREE

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