Full Answer
What is Cree's (Cree) stock price expectations for the next 12 months?
Their forecasts range from $80.00 to $160.00. On average, they expect Cree's stock price to reach $103.27 in the next twelve months. This suggests that the stock has a possible downside of 4.4%.
What are analysts'price targets for Cree stock?
On average, they expect Cree's stock price to reach $103.27 in the next twelve months. This suggests that the stock has a possible downside of 4.4%. View analysts' price targets for Cree or view top-rated stocks among Wall Street analysts.
What companies does Cree own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Cree investors own include NVIDIA (NVDA), Intel (INTC), Micron Technology (MU), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Alibaba Group (BABA), Cisco Systems (CSCO), salesforce.com (CRM), Bank of America (BAC) and Tesla (TSLA). What is Cree's stock symbol?
How do employees rate Cree CEO Gregg Lowe on Glassdoor?
102 employees have rated Cree CEO Gregg Lowe on Glassdoor.com. Gregg Lowe has an approval rating of 96% among Cree's employees. This puts Gregg Lowe in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
Will Cree stock go up?
Based on our forecasts, a long-term increase is expected, the "CREE" stock price prognosis for 2026-10-14 is 168.480 USD. With a 5-year investment, the revenue is expected to be around +91.67%. Your current $100 investment may be up to $191.67 in 2027. Get It Now!
Is Cree a good stock to buy?
Cree has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 4 hold ratings, and 1 sell rating.
Is Cree overvalued?
While Cree stock appears overvalued, 2020 has created many pricing discontinuities which can offer attractive trading opportunities. For example, you'll be surprised how counter-intuitive the stock valuation is for Intel vs Cisco.
Should I invest in Wolfspeed?
There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Wolfspeed stock. View analyst ratings for Wolfspeed or view top-rated stocks.
Why is Cree stock dropping?
The Stock Takes a Hit. Chip maker Cree took a hit to from investors Wednesday after it reported a revenue loss from supply constraints and predicted losing more money in the coming few months.
Why is Wolfspeed stock down?
Wolfspeed WOLF –2.56% shares were sinking Thursday after the semiconductor company reported quarterly sales that missed Wall Street estimates. Lockdowns in China didn't help. Shares of Wolfspeed (ticker: WOLF) fell 10.7% on Thursday to $90.69.
Is Wolfspeed profitable?
Consensus from 17 of the American Semiconductor analysts is that Wolfspeed is on the verge of breakeven. They expect the company to post a final loss in 2023, before turning a profit of US$65m in 2024. The company is therefore projected to breakeven around 2 years from now.
Is Wolfspeed a good company?
Is Wolfspeed a good company to work for? Wolfspeed has an overall rating of 3.9 out of 5, based on over 656 reviews left anonymously by employees. 75% of employees would recommend working at Wolfspeed to a friend and 84% have a positive outlook for the business. This rating has improved by 15% over the last 12 months.
Who owns Wolfspeed?
Infineon TechnologiesIn July 2016, Infineon Technologies agreed to acquire the company's Wolfspeed RF and power electronics devices unit for $850 million.
Should I buy or sell Cree stock right now?
6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cree in the last year. There are currently 1 sell rating, 4 hold...
What is Cree's stock price forecast for 2022?
6 brokers have issued 12-month target prices for Cree's stock. Their forecasts range from $80.00 to $115.00. On average, they anticipate Cree's sha...
How were Cree's earnings last quarter?
Cree, Inc. (NASDAQ:CREE) issued its quarterly earnings data on Monday, August, 16th. The LED producer reported ($0.23) earnings per share (EPS) for...
Who are Cree's key executives?
Cree's management team includes the following people: Gregg A. Lowe , President, Chief Executive Officer & Director Rick McFarland , Senior Vice...
What is Gregg Lowe's approval rating as Cree's CEO?
102 employees have rated Cree CEO Gregg Lowe on Glassdoor.com . Gregg Lowe has an approval rating of 96% among Cree's employees. This puts Gregg L...
Who are some of Cree's key competitors?
Some companies that are related to Cree include NVIDIA (NVDA) , Broadcom (AVGO) , Intel (INTC) , Texas Instruments (TXN) , Analog Devices (ADI...
What other stocks do shareholders of Cree own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Cree investors own include NVIDIA (NVDA) , Intel (INTC) ,...
What is Cree's stock symbol?
Cree trades on the NASDAQ under the ticker symbol "CREE."
What is Cree's stock price today?
One share of CREE stock can currently be purchased for approximately $71.18.
How much is Cree stock worth in 2020?
Cree stock rose from $32 in March 2020 to $93 currently, much more than the S&P, which increased by around 90% from its lows. Further, the stock is up almost 2x from the level it was at before the pandemic.
How much is Cree's revenue in 2021?
However, demand for Cree’s radio frequency products from the 5G space has since risen, and this is evident from Cree’s Q3 2021 earnings, where revenue came in at $137 million, up from $114 million in Q3 2020.
What happened
Shares of power and radio frequency semiconductor specialist Cree ( WOLF -3.46% ) are crashing today, down by 13.7% as of 12:45 p.m. EDT, despite the fact that the company exceeded expectations in its fiscal Q3 2021 earnings report last night.
So what
So what has investors so upset with Cree this afternoon? Well, there's the fact that Cree is still losing money, for one thing.
Now what
And you can expect those losses to continue.
What happened
Shares of Cree ( WOLF -3.46% ) slumped on Wednesday after the LED and semiconductor company reported its fiscal fourth-quarter results. While Cree beat analyst estimates for revenue and earnings, a weak first-quarter outlook sent the stock lower. Cree stock was down about 16.2% at 11:30 a.m. EST.
So what
Cree reported fourth-quarter revenue of $251.2 million, down 5% year over year but $2.25 million above the average analyst estimate. Revenue from the Wolfspeed segment grew 22% to $134.2 million, while LED products revenue slumped 25% to $117.0 million.
Now what
That challenging environment will continue into Cree's fiscal first quarter. The company expects to produce first-quarter revenue of $237 million to $243 million, along with a non-GAAP net loss per share between $0.03 and $0.07. Analysts had been expecting revenue guidance of $259.2 million and a non-GAAP profit of $0.15 per share.