Cree (CREE) Price Target Moves Higher as Margin Expansion Allays Commoditization Fears

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Needham & Company Bumps Price Target on Cree (CREE) Following "Clean" Q1

October 17, 2012 8:15 AM EDT

Needham & Company raised its price target on Buy-rated Cree (NASDAQ: CREE) from $30 to $32 following "relatively clean" Q1 results.

The firm comments, "CREE reported a relatively clean F1Q13 (Sep) with a higher EPS and sequentially higher guidance. We believe expectations were relatively... More

Cree, Inc. (CREE) Tops Q1 EPS by 1c

October 16, 2012 4:01 PM EDT

Cree, Inc. (NASDAQ: CREE) reported Q1 EPS of $0.27, $0.01 better than the analyst estimate of $0.26. Revenue for the quarter came in at $315.8 million versus the consensus estimate of $317.89 million.

Cree, Inc. sees Q2 2012 EPS of $0.27-0.31, versus the consensus of $0.30. Cree, Inc. sees Q2 2012... More