Analysts See $0.03 EPS for Cree, Inc. (CREE)

September 16, 2018 - By Alicia Butler

Cree, Inc. (NASDAQ:CREE) LogoInvestors sentiment increased to 1.05 in Q2 2018. Its up 0.16, from 0.89 in 2018Q1. It is positive, as 27 investors sold Cree, Inc. shares while 76 reduced holdings. 32 funds opened positions while 76 raised stakes. 101.76 million shares or 0.16% less from 101.92 million shares in 2018Q1 were reported.
Etrade Capital Management Limited Liability has 0.01% invested in Cree, Inc. (NASDAQ:CREE). 5,000 were accumulated by Meyer Handelman. State Board Of Administration Of Florida Retirement Sys has 59,725 shares for 0.01% of their portfolio. Vanguard Grp reported 9.21M shares. Arizona State Retirement System owns 69,781 shares for 0.03% of their portfolio. Pnc Financial Grp Inc Inc reported 6,959 shares. Clearbridge Invests Limited Liability Corp has 0.36% invested in Cree, Inc. (NASDAQ:CREE). Great West Life Assurance Company Can invested in 58,303 shares or 0.01% of the stock. Eaton Vance accumulated 11,390 shares. Services Automobile Association owns 0.04% invested in Cree, Inc. (NASDAQ:CREE) for 112,052 shares. State Street holds 3.45M shares. Teacher Retirement Sys Of Texas invested in 0.01% or 20,263 shares. Louisiana State Employees Retirement System owns 0.05% invested in Cree, Inc. (NASDAQ:CREE) for 27,100 shares. Strs Ohio accumulated 15,900 shares. Barrow Hanley Mewhinney Strauss reported 0% of its portfolio in Cree, Inc. (NASDAQ:CREE).

Since April 26, 2018, it had 0 buys, and 2 selling transactions for $1.31 million activity. Emerson David Todd sold $1.03 million worth of stock.

Analysts expect Cree, Inc. (NASDAQ:CREE) to report $0.03 EPS on October, 16.They anticipate $0.07 EPS change or 175.00 % from last quarter’s $-0.04 EPS. CREE’s profit would be $3.03 million giving it 351.58 P/E if the $0.03 EPS is correct. After having $0.04 EPS previously, Cree, Inc.’s analysts see -25.00 % EPS growth. The stock decreased 0.21% or $0.09 during the last trading session, reaching $42.19. About 1.56 million shares traded or 21.34% up from the average. Cree, Inc. (NASDAQ:CREE) has risen 75.24% since September 17, 2017 and is uptrending. It has outperformed by 59.62% the S&P500.

Cree, Inc. (NASDAQ:CREE) Ratings Coverage

Among 6 analysts covering Cree (NASDAQ:CREE), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Cree had 7 analyst reports since April 24, 2018 according to SRatingsIntel. The stock of Cree, Inc. (NASDAQ:CREE) earned “Buy” rating by Canaccord Genuity on Wednesday, August 15. As per Wednesday, June 27, the company rating was maintained by Roth Capital. The firm has “Hold” rating given on Tuesday, April 24 by Piper Jaffray. Oppenheimer upgraded it to “Buy” rating and $5300 target in Tuesday, April 24 report.

Cree, Inc. provides lighting-class light emitting diode , lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. The company has market cap of $4.26 billion. The Company’s Lighting Products segment offers LED lighting systems and bulbs for use in settings, such as office and retail space, restaurants and hospitality, schools and universities, manufacturing, healthcare, airports, municipal, residential, street lighting and parking structures, and other applications. It currently has negative earnings. This segment sells its products to distributors, retailers, and customers.

More notable recent Cree, Inc. (NASDAQ:CREE) news were published by: Bizjournals.com which released: “Cree CEO on electric vehicle opportunity: ‘Let’s run with it'” on August 24, 2018, also Nasdaq.com with their article: “Detailed Research: Economic Perspectives on Hub Group, Coty, Cree, Nelnet, SeaWorld Entertainment, and Cowen …” published on August 31, 2018, Bizjournals.com published: “What Cree’s $500M offering means for Wolfspeed, investors” on August 21, 2018. More interesting news about Cree, Inc. (NASDAQ:CREE) were released by: Seekingalpha.com and their article: “Cree prices $500M senior note offering” published on August 22, 2018 as well as Seekingalpha.com‘s news article titled: “Cree Inc. – Ready To Explore New Heights” with publication date: August 20, 2018.

Cree, Inc. (NASDAQ:CREE) Institutional Positions Chart

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