Cree Reports Financial Results for the Second Quarter of Fiscal Year 2021

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Go back to Cree Reports Financial Results for the Second Quarter of Fiscal Year 2021

Roth Capital Upgrades Cree (CREE) to Buy

January 28, 2021 8:50 AM EST

Roth 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 EST

Cree (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