Needham & Company Remains Neutral on Cree (CREE) Following Q2 Results; Sees 2017 as 'Transitional' Year

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 9/9/2026

1. BRZE
2. AAPL
3. TTAN
4. CHYM
5. USO
6. COO
7. QCOM
8. IRT
9. AEO
10. MSI

Go back to Needham & Company Remains Neutral on Cree (CREE) Following Q2 Results; Sees 2017 as 'Transitional' Year

Oppenheimer Reiterates Perform on Cree (CREE) Following 4Q Report

August 17, 2016 11:03 AM EDT

Oppenheimer 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 EDT

UBS 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.

... More

Cree (CREE) volatility elevated into lowering Q1 EPS guidance

August 17, 2016 5:16 AM EDT

Cree (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