$-0.06 EPS Expected for Cree, Inc. (CREE)

September 17, 2017 – By Adrian Mccoy

Investors sentiment decreased to 0.84 in 2016 Q4. Its down 0.05, from 0.89 in 2016Q3. It worsened, as 28 investors sold Cree, Inc. shares while 87 reduced holdings. 35 funds opened positions while 62 raised stakes. 81.79 million shares or 0.87% less from 82.51 million shares in 2016Q3 were reported.
Comerica Bankshares has 0.02% invested in Cree, Inc. (NASDAQ:CREE) for 74,116 shares. Arkansas-based Stephens Ar has invested 0.02% in Cree, Inc. (NASDAQ:CREE). Greenwich Wealth Mngmt Limited Liability Com holds 0.17% or 52,000 shares. Retirement Systems Of Alabama holds 128,753 shares. Raymond James Finance Incorporated holds 35,017 shares. Manufacturers Life Insur The reported 135,860 shares. Carroll Associate Inc stated it has 0% in Cree, Inc. (NASDAQ:CREE). Public Employees Retirement Association Of Colorado invested in 18,521 shares or 0% of the stock. Ameriprise Inc has invested 0% in Cree, Inc. (NASDAQ:CREE). 74 were accumulated by Thompson Siegel Walmsley Limited Com. Wedge Capital Management L Lp Nc stated it has 22,285 shares or 0.01% of all its holdings. 69,767 were reported by Menta Capital Ltd Limited Liability Company. Bnp Paribas Arbitrage Sa owns 29,459 shares or 0% of their US portfolio. Canada Pension Plan Invest Board invested in 0.04% or 395,033 shares. Blair William & Il holds 19,719 shares or 0% of its portfolio.

Analysts expect Cree, Inc. (NASDAQ:CREE) to report $-0.06 EPS on October, 17 after the close.They anticipate $0.12 EPS change or 200.00 % from last quarter’s $0.06 EPS. After having $-0.04 EPS previously, Cree, Inc.’s analysts see 50.00 % EPS growth. The stock increased 1.40% or $0.34 on September 15, reaching $24.59. About 1.58M shares traded or 15.33% up from the average. Cree, Inc. (NASDAQ:CREE) has risen 2.53% since September 17, 2016 and is uptrending. It has underperformed by 14.17% the S&P500.

Cree, Inc. (NASDAQ:CREE) Ratings Coverage

Among 17 analysts covering Cree Inc. (NASDAQ:CREE), 4 have Buy rating, 2 Sell and 11 Hold. Therefore 24% are positive. Cree Inc. had 34 analyst reports since August 12, 2015 according to SRatingsIntel. The company was maintained on Tuesday, August 22 by Oppenheimer. Canaccord Genuity initiated the stock with “Hold” rating in Friday, September 23 report. The stock of Cree, Inc. (NASDAQ:CREE) has “Hold” rating given on Tuesday, August 22 by Canaccord Genuity. The firm has “Hold” rating by Needham given on Wednesday, August 23. As per Wednesday, August 17, the company rating was downgraded by UBS. On Friday, November 6 the stock rating was downgraded by Goldman Sachs to “Sell”. The firm has “Overweight” rating by Piper Jaffray given on Monday, February 22. As per Wednesday, August 17, the company rating was downgraded by Northland Capital. As per Friday, May 13, the company rating was initiated by Pacific Crest. Northland Capital maintained Cree, Inc. (NASDAQ:CREE) rating on Wednesday, August 23. Northland Capital has “Hold” rating and $28.0 target.

Cree, Inc. is a manufacturer of lighting-class light emitting diode products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The company has market cap of $2.40 billion. The Company’s products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems. It currently has negative earnings. The Firm has three divisions: Lighting Products, LED Products, and Power and RF Products.

More notable recent Cree, Inc. (NASDAQ:CREE) news were published by: Nasdaq.com which released: “Cree Inc. (CREE) Is Down Sharply On Disappointing Q1 Guidance” on August 23, 2017, also Investorplace.com with their article: “Cree, Inc. (CREE) Stock Recovers After Post-Earnings Hit” published on August 23, 2017, Nasdaq.com published: “Bear of the Day: Cree Inc. (CREE)” on August 31, 2017. More interesting news about Cree, Inc. (NASDAQ:CREE) were released by: Nasdaq.com and their article: “Cree Inc. Earnings Fall 80% In Q4” published on August 22, 2017 as well as Seekingalpha.com‘s news article titled: “New Leadership, New Growth? – A Q2 LED Analysis: Cree Inc.” with publication date: September 07, 2017.