Cree (CREE) August volatility elevated into Q4 and outlook
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Oppenheimer Reiterates Perform on Cree (CREE) Following 4Q Report
August 17, 2016 11:03 AM EDTOppenheimer reiterated a Perform rating on Cree (NASDAQ: CREE) following the company's 4Q earnings report. CREE reported Non-GAAP EPS of $0.19 on revenue of $388M vs. Street estimates of $0.20 and $386M. CREE is currently working towards the Wolfspeed sale and is expected to net ~$585M in... More
