News articles about Cree (NASDAQ:CREE) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cree earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the LED producer an impact score of 45.6414303986186 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
Several equities analysts have recently weighed in on CREE shares. Zacks Investment Research upgraded Cree from a “sell” rating to a “hold” rating in a report on Friday, November 17th. KeyCorp reiterated a “hold” rating on shares of Cree in a report on Monday, December 11th. Roth Capital set a $35.00 price target on Cree and gave the stock a “buy” rating in a report on Monday, October 16th. JPMorgan Chase & Co. cut Cree from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $23.00 to $28.00 in a report on Friday, October 6th. Finally, Williams Capital cut Cree from a “hold” rating to a “sell” rating and set a $27.00 price target for the company. in a report on Thursday, October 19th. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $30.42.
Shares of Cree (CREE) traded up $0.02 on Thursday, reaching $34.53. 486,416 shares of the company’s stock traded hands, compared to its average volume of 1,353,645. Cree has a 1-year low of $20.50 and a 1-year high of $40.24. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.59 and a quick ratio of 3.48.
Cree (NASDAQ:CREE) last announced its quarterly earnings data on Tuesday, January 23rd. The LED producer reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The firm had revenue of $367.87 million for the quarter, compared to analyst estimates of $349.62 million. Cree had a negative net margin of 7.77% and a negative return on equity of 1.24%. The firm’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. sell-side analysts anticipate that Cree will post -0.37 earnings per share for the current fiscal year.
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Cree, Inc is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. 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.
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