Cree Reports Financial Results for the Second Quarter of Fiscal Year 2021
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Roth Capital Upgrades Cree (CREE) to Buy
January 28, 2021 8:50 AM ESTRoth Capital analyst Craig Irwin upgraded Cree (NASDAQ: CREE) from Neutral to Buy with a price target of $150.00 (from $105.00).
The analyst comments "Upgrading Cree to Buy reflecting the consequence of mgmt's decision to start up Mohawk Valley using 8" wafers. This implies Cree's 2022 silicon... More
Cree (CREE) Misses Q2 EPS by 24c, Revenues Beat; Offer 3Q EPS/Revenue Guidance
January 27, 2021 4:32 PM ESTCree (NASDAQ: CREE) reported Q2 EPS of ($0.49), $0.24 worse than the analyst estimate of ($0.25). Revenue for the quarter came in at $127 million versus the consensus estimate of $121.6 million.
We delivered strong results for the second quarter, including sequential growth in revenue from continuing operations, underscoring the momentum we continue to see for our silicon carbide solutions, said... More
