Goldman Raises PT on Cree (CREE), Calls Branded LED Price Points 'Very Competitive'
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Cree (CREE) Deal with Home Depot a Positive; LED Bulb Prices Near Inflection Point - UBS
March 6, 2013 11:55 AM ESTUBS boosted estimates and its price target on Cree (NASDAQ: CREE) from $45 to $51 after a deal with Home Depot (NYSE: HD) to sell two high quality and disruptively priced 40W and 60W LED bulbs for the residential consumer market. However, the firm stopped short of... More
Cree (CREE) Rips Higher on New Lightbulb, Boosted Outlook; Analysts Bolster Sentiment (LEDS)
March 5, 2013 12:04 PM ESTCree, Inc. (Nasdaq: CREE) shares are ticking higher Tuesday following a boosted Q3 outlook earlier and debut of a new, lower-cost LED lightbulb.
Revenue was increased... More
Credit Agricole Upgrades Cree (CREE) from Underperform to Outperform
March 5, 2013 9:28 AM ESTCredit Agricole upgraded Cree (NASDAQ: CREE) from Underperform to Outperform with a price target of $52.00 (from $35.00).
For an analyst ratings summary and ratings history on Cree click here. For more ratings news on Cree click here.
Shares of Cree closed at $44.72 yesterday, with a 52 week range of $22.25-$46.88.... More
Cree (CREE) Boosts Q3 EPS, Revs Outlook
March 5, 2013 7:43 AM ESTFor its third quarter of fiscal 2013 ending March 31, 2013, Cree (Nasdaq: CREE) now targets incrementally higher revenue and net income.
The revenue target has been increased to a range of $335 million to $350 million. The GAAP and non-GAAP gross margin targets remain the same as... More
Cree (CREE) Debuts Sub-$10 LED Lightbulb; Will Be Exclusively at Home Depot (HD)
March 5, 2013 6:11 AM ESTCree, Inc. (Nasdaq: CREE) introduces a game-changing series of LED bulbs at a retail price point that gives consumers a reason to switch to LED lighting. The long-lasting Cree LED bulbs showcase Crees commitment to LED lighting innovation. The new bulbs shine as brightly as comparable incandescents while saving 84 percent of the energy... More
Northland Securities Starts Cree (CREE) at Outperform
March 1, 2013 8:24 AM ESTNorthland Securities initiates coverage on Cree (NASDAQ: CREE) with a Outperform. PT $50.00.
For an analyst ratings summary and ratings history on Cree click here. For more ratings news on Cree click here.
Shares of Cree closed at $45.23 yesterday, with a 52 week range of $22.25-$46.88.... More