Needham & Company Remains Neutral on Cree (CREE) Following Q2 Results; Sees 2017 as 'Transitional' Year
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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
UBS Downgrades Cree (CREE) to Sell
August 17, 2016 6:20 AM EDTUBS downgraded Cree (NASDAQ: CREE) from Neutral to Sell with a price target of $21.00 (from $24.50).
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 $27.48 yesterday.
... MoreCree (CREE) volatility elevated into lowering Q1 EPS guidance
August 17, 2016 5:16 AM EDTCree (NASDAQ: CREE) is recently down $2.33 to $25.25 in the premarket after the lighting company reported Q4 EPS of $0.19, $0.01 worse than the analyst estimates. Cree sees Q1 adjusted EPS 10c-16c, compared to consensus 22c. August call option implied volatility is at 86, September is... More
UPDATE: Cree (CREE) Misses Q4 EPS by 1c; Guides Q1 Below Views
August 16, 2016 4:01 PM EDT(Updated - August 16, 2016 4:05 PM EDT)
Cree (NASDAQ: CREE) reported Q4 EPS of $0.19, $0.01 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $388.4 million versus the consensus estimate of $385.83 million.
Business Outlook:
For its first quarter of fiscal 2017 ending September 25, 2016, Cree targets consolidated revenue, which includes both continued and discontinued operations, in a range of $356 million to $378 million. Consolidated GAAP net income is targeted at $5 million to $6 million, or $0.05 to $0.06 per diluted share.... More
