Cree (CREE) Set to Announce Earnings on Tuesday

Cree (NASDAQ:CREE) will post its quarterly earnings results after the market closes on Tuesday, August 14th. Analysts expect Cree to post earnings of ($0.02) per share for the quarter.

Cree stock opened at $50.48 on Friday. Cree has a one year low of $20.50 and a one year high of $51.78. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.74 and a quick ratio of 2.46. The stock has a market cap of $5.15 billion, a PE ratio of 265.68 and a beta of 0.71.

A number of equities analysts have recently commented on the stock. Cowen restated a “hold” rating and set a $45.00 price objective on shares of Cree in a research note on Thursday. BidaskClub upgraded shares of Cree from a “hold” rating to a “buy” rating in a research note on Tuesday, August 7th. Canaccord Genuity assumed coverage on shares of Cree in a research note on Friday, August 3rd. They set a “buy” rating and a $61.00 price objective for the company. ValuEngine downgraded shares of Cree from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Nomura assumed coverage on shares of Cree in a research note on Wednesday, July 18th. They set a “neutral” rating and a $44.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $40.43.

Cree Company Profile

Cree, Inc provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. Its 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.

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Earnings History for Cree (NASDAQ:CREE)

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