How were Cree's earnings last quarter?

Cree, Inc. (NASDAQ:CREE) issued its quarterly earnings results on Monday, August, 16th. The LED producer reported ($0.23) earnings per share for the quarter, topping analysts' consensus estimates of ($0.24) by $0.01. The LED producer earned $145.80 million during the quarter, compared to the consensus estimate of $144.81 million. Cree had a negative net margin of 83.60% and a negative trailing twelve-month return on equity of 7.29%. The firm's quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.18) EPS.

What is Gregg Lowe's approval rating as Cree's CEO?

102 employees have rated Cree Chief Executive Officer Gregg Lowe on Glassdoor.com . Gregg Lowe has an approval rating of 96% among the company's employees. This puts Gregg Lowe in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Cree own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cree investors own include NVIDIA (NVDA) , Intel (INTC) , Micron Technology (MU) , Advanced Micro Devices (AMD) , QUALCOMM (QCOM) , Alibaba Group (BABA) , Cisco Systems (CSCO) , Salesforce (CRM) , Bank of America (BAC) and Tesla (TSLA) .

Does Cree have any subsidiaries?

The following companies are subsidiares of Cree: Arkansas Power Electronics International Inc, Cree Hong Kong Limited, Infineon Technologies - Radio Frequency (RF) Power Business, LED Lighting Fixtures, and Ruud Lighting Inc. Read More

NASDAQ:CREE

Cree (CREE) Stock Price, News & Analysis

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Notice: This company has been marked as potentially delisted and may not be actively trading.

Compare

Today's Range: $25.95
▼
$27.17
50-Day Range: $78.36
▼
$96.60
52-Week Range: $60.56
▼
$129.90

Volume: 4.26 million shs
Average Volume: 1.55 million shs
Market Capitalization: $3.04 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

Stock Analysis Competitors Headlines Insider Trades Social Media Sustainability

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Cree MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: N/A
Dividend Strength: N/A
Sustainability: -1.67
Upright™ Environmental Score
News Sentiment: 0.29
Based on 20 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.42) to ($0.48) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.05 out of 5 stars

Computer And Technology Sector

590th out of 594 stocks

Semiconductors & Related Devices Industry

90th out of 90 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Cree.

N/A

Short Interest

Short Interest
There is no current short interest data available for CREE.

0.0

Dividend Strength

Dividend Yield
Cree does not currently pay a dividend.
Dividend Growth
Cree does not have a long track record of dividend growth.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Cree has received a 20.86% net impact score from Upright. Cree seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is false driven by its "Silicon carbide wafers", "Schottky diodes", and "Field-effect transistors" products. See details.
Environmental Sustainability
The Environmental Impact score for Cree is -1.67.

1.1

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 20 news articles for Cree this week, compared to 9 articles on an average week.
Search Interest
3 people have searched for CREE on MarketBeat in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cree insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.36% of the stock of Cree is held by insiders.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Cree are expected to grow in the coming year, from ($1.42) to ($0.48) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cree is -5.62, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cree is -5.62, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Cree has a P/B Ratio of 1.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Cree Stock (NASDAQ:CREE)

Cree, Inc. is an innovator of Wolfspeed power and radio frequency (RF) semiconductors. Its Wolfspeed product families include silicon carbide materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging inverters, power supplies, telecom and military and aerospace. The company was founded by Calvin H. Carter Jr., John W. Palmour, F. Neal Hunter, Eric Hunter, and John Edmond in 1987 and is headquartered in Durham, NC.

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CREE Stock News Headlines

April 15, 2024 | msn.com

NCN signs deal to explore mineral development in northern Manitoba

April 15, 2024 | nytimes.com

‘A Different World’ Hits the Road to Help Historically Black Colleges

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

April 13, 2024 | msn.com

Crime briefs: Attempted murder charge follows Ahtahkakoop arrest

April 12, 2024 | msn.com

Cree Nation hockey players to be showcased in Gatineau weekend event

April 12, 2024 | msn.com

Man charged after gun fired at police on Ahtahkakoop Cree Nation: RCMP

April 12, 2024 | msn.com

Man charged with attempted murder after shots fired at Sask. RCMP officers on Ahtahkakoop Cree Nation

April 11, 2024 | msn.com

Weldon, Sask. to host pancake breakfast Saturday for memorial playground project

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

April 11, 2024 | msn.com

Saskatchewan RCMP report man charged after shooting at officers

April 11, 2024 | msn.com

James Smith Cree Nation supports playground honouring man killed in stabbings

April 11, 2024 | msn.com

'We want to be heard': Northern Sask. students protest loss of extracurriculars

April 10, 2024 | msn.com

Residents can return home after large grass fire doused on Enoch Cree Nation

April 10, 2024 | msn.com

New tourist attractions earn Mistissini’s Nibiischii awards recognition

April 10, 2024 | msn.com

Watch “A Different World” cast sing the show’s theme song while reuniting at the White House

April 10, 2024 | msn.com

Police ask for public’s help after home robbed in Opaskwayak Cree Nation, Man.

April 10, 2024 | ca.news.yahoo.com

Wildfire strategies a focus of regional climate forum

April 9, 2024 | msn.com

Norway House RCMP search leads to seizure of drugs, cash

April 9, 2024 | msn.com

Large grass fire triggers evacuations on Enoch Cree First Nation west of Edmonton

April 9, 2024 | msn.com

Fire destroys historic movie theatre in The Pas, Manitoba

April 9, 2024 | finance.yahoo.com

First Nations Inspection Authority launches operations in Alberta

April 9, 2024 | msn.com

Five arrested in Manitoba community after RCMP drug bust

April 8, 2024 | msn.com

Big 150 2025: The Arizona Republic's top high school football prospects

April 8, 2024 | msn.com

Assault suspect threatened to stab officers, Manitoba RCMP say

April 8, 2024 | msn.com

Boy, 16, in custody after Norway House RCMP respond to violent assault

April 7, 2024 | msn.com

Manitoba teen facing charges after assaulting young girl and threatening to stab officers

April 6, 2024 | yahoo.com

Cree students' project on natural fire retardants in boreal forest wins at science fair

See More Headlines

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Company Calendar

Last Earnings: 8/16/2021
Today: 4/15/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Semiconductors & Related Devices
Sub-Industry: Semiconductors
Current Symbol: NASDAQ:CREE
CUSIP: 22544710
CIK: 895419
Web: www.cree.com
Phone: (919) 313-5300
Fax: N/A
Employees: 3,466
Year Founded: 1987

Profitability

EPS (Most Recent Fiscal Year): ($1.40)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-523,900,000.00
Net Margins: -83.60%
Pretax Margin: N/A
Return on Equity: -7.29%
Return on Assets: -4.50%

Debt

Debt-to-Equity Ratio: 0.39
Current Ratio: 3.29
Quick Ratio: 2.92

Sales & Book Value

Annual Sales: $525.60 million
Price / Sales: 5.79
Cash Flow: $0.00 per share
Price / Cash Flow: 7,693.89
Book Value: $18.33 per share
Price / Book: 1.43

Miscellaneous

Outstanding Shares: 115,885,000
Free Float: N/A
Market Cap: $3.04 billion
Optionable: No Data
Beta: 1.44

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Key Executives

Gregg A. Lowe
President, Chief Executive Officer & Director
Rick McFarland
Senior Vice President-Global Operations
Neill P. Reynolds
Chief Financial Officer & Executive Vice President
John W. Palmour
Chief Technology Officer
David Costar
Chief Information Officer

Key Competitors

View All Competitors

CREE Stock Analysis - Frequently Asked Questions

How were Cree's earnings last quarter?: Cree, Inc. (NASDAQ:CREE) issued its quarterly earnings results on Monday, August, 16th. The LED producer reported ($0.23) earnings per share for the quarter, topping analysts' consensus estimates of ($0.24) by $0.01. The LED producer earned $145.80 million during the quarter, compared to the consensus estimate of $144.81 million. Cree had a negative net margin of 83.60% and a negative trailing twelve-month return on equity of 7.29%. The firm's quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.18) EPS.
What is Gregg Lowe's approval rating as Cree's CEO?: 102 employees have rated Cree Chief Executive Officer Gregg Lowe on Glassdoor.com. Gregg Lowe has an approval rating of 96% among the company's employees. This puts Gregg Lowe in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Cree own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Cree investors own include NVIDIA (NVDA), Intel (INTC), Micron Technology (MU), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Alibaba Group (BABA), Cisco Systems (CSCO), Salesforce (CRM), Bank of America (BAC) and Tesla (TSLA).
Does Cree have any subsidiaries?: The following companies are subsidiares of Cree: Arkansas Power Electronics International Inc, Cree Hong Kong Limited, Infineon Technologies - Radio Frequency (RF) Power Business, LED Lighting Fixtures, and Ruud Lighting Inc.
Read More

This page (NASDAQ:CREE) was last updated on 4/16/2024 by MarketBeat.com Staff

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Cree (CREE) Stock Price, News & Analysis

Cree MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Cree Stock (NASDAQ:CREE)

CREE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

CREE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™