Cree (NASDAQ: CREE) has recently received a number of price target changes and ratings updates:

  • 10/19/2017 – Cree was downgraded by analysts at Williams Capital from a “hold” rating to a “sell” rating. They now have a $27.00 price target on the stock.
  • 10/18/2017 – Cree was given a new $19.00 price target on by analysts at Goldman Sachs Group, Inc. (The). They now have a “sell” rating on the stock.
  • 10/18/2017 – Cree was given a new $41.00 price target on by analysts at JMP Securities. They now have a “buy” rating on the stock.
  • 10/18/2017 – Cree had its price target raised by analysts at Bank of America Corporation from $31.00 to $32.00. They now have a “neutral” rating on the stock.
  • 10/18/2017 – Cree had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 10/16/2017 – Cree was given a new $35.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 10/6/2017 – Cree was downgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating. They now have a $28.00 price target on the stock, up previously from $23.00.
  • 9/28/2017 – Cree had its “hold” rating reaffirmed by analysts at Northland Securities. They now have a $28.00 price target on the stock.
  • 9/27/2017 – Cree was upgraded by analysts at TheStreet from a “d+” rating to a “c-” rating.
  • 9/26/2017 – Cree had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
  • 9/1/2017 – Cree was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/25/2017 – Cree had its “equal weight” rating reaffirmed by analysts at KeyCorp. They now have a $21.00 price target on the stock.

Shares of Cree, Inc. (NASDAQ CREE) opened at 33.85 on Monday. Cree, Inc. has a 1-year low of $20.50 and a 1-year high of $35.46. The stock’s market cap is $3.31 billion. The company’s 50-day moving average is $27.41 and its 200 day moving average is $25.02.

Cree (NASDAQ:CREE) last issued its quarterly earnings data on Tuesday, October 17th. The LED producer reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. Cree had a negative net margin of 8.42% and a negative return on equity of 0.44%. The business had revenue of $360.00 million during the quarter, compared to analysts’ expectations of $360.01 million. During the same period in the previous year, the company earned $0.09 earnings per share. Cree’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities research analysts anticipate that Cree, Inc. will post $0.13 EPS for the current 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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