Cree, Inc. (CREE) Misses Q3 EPS by 1c; Mixed Outlook

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Go back to Cree, Inc. (CREE) Misses Q3 EPS by 1c; Mixed Outlook

Cree (CREE) May Need Key Acquisition to Bolster GMs - Summit Research

April 22, 2015 8:37 AM EDT

Summit Research affirms Cree (Nasdaq: CREE) at Hold with a price target of $25 following Q1 results and outlook issued Tuesday night.

Analyst Srini Sundararajan commented, The structural problem of the 26% GM lighting portion at 55% of the total revs still remains an issue. While... More