$-0.02 EPS Expected for Cree, Inc. (CREE)

August 9, 2018 - By Robert Shackelford

Cree, Inc. (NASDAQ:CREE) LogoInvestors sentiment decreased to 0.89 in 2018 Q1. Its down 0.21, from 1.1 in 2017Q4. It dived, as 33 investors sold Cree, Inc. shares while 81 reduced holdings. 30 funds opened positions while 71 raised stakes. 101.92 million shares or 1.99% more from 99.93 million shares in 2017Q4 were reported.
First Tru Limited Partnership has 0.01% invested in Cree, Inc. (NASDAQ:CREE) for 106,376 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% stake. Quantbot Lp reported 0.02% stake. Liberty Mutual Asset Mgmt has 19,328 shares for 0.02% of their portfolio. Amg Funds Llc, a Connecticut-based fund reported 53,147 shares. Caxton Associate Ltd Partnership has 46,900 shares for 0.1% of their portfolio. Virtu Financial Ltd Co invested in 0.01% or 5,825 shares. Ny State Common Retirement Fund invested 0.02% in Cree, Inc. (NASDAQ:CREE). Bnp Paribas Asset Management Sa owns 84,000 shares or 0.03% of their US portfolio. Assetmark Inc has 80 shares for 0% of their portfolio. Riverhead Cap Management Ltd Llc reported 0.01% in Cree, Inc. (NASDAQ:CREE). Barrow Hanley Mewhinney & Strauss Ltd Liability Corporation stated it has 0% of its portfolio in Cree, Inc. (NASDAQ:CREE). Carroll Associate Incorporated reported 248 shares. Advisory Svcs Ntwk Limited Liability Corporation reported 699 shares stake. Kbc Nv stated it has 19,873 shares.

Since April 26, 2018, it had 0 buys, and 1 sale for $275,541 activity.

Analysts expect Cree, Inc. (NASDAQ:CREE) to report $-0.02 EPS on August, 14 after the close.They anticipate $0.02 EPS change or 50.00 % from last quarter’s $-0.04 EPS. After having $-0.07 EPS previously, Cree, Inc.’s analysts see -71.43 % EPS growth. The stock increased 0.77% or $0.395 during the last trading session, reaching $51.615. About 435,794 shares traded. Cree, Inc. (NASDAQ:CREE) has risen 88.68% since August 9, 2017 and is uptrending. It has outperformed by 76.11% the S&P500.

Cree, Inc. (NASDAQ:CREE) Ratings Coverage

Among 8 analysts covering Cree (NASDAQ:CREE), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Cree had 9 analyst reports since February 27, 2018 according to SRatingsIntel. The stock has “Hold” rating by Williams Capital Group on Tuesday, February 27. The firm earned “Buy” rating on Tuesday, April 24 by Oppenheimer. Piper Jaffray maintained it with “Hold” rating and $4500 target in Tuesday, April 24 report. Williams Capital Group maintained Cree, Inc. (NASDAQ:CREE) on Wednesday, March 7 with “Hold” rating. The stock has “Neutral” rating by Goldman Sachs on Wednesday, March 7. Roth Capital maintained Cree, Inc. (NASDAQ:CREE) rating on Wednesday, June 27. Roth Capital has “Hold” rating and $4500 target. Cowen & Co maintained the stock with “Hold” rating in Tuesday, March 6 report.

Cree, Inc. provides lighting-class light emitting diode , lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. The company has market cap of $5.14 billion. The Company’s Lighting Products segment offers LED lighting systems and bulbs for use in settings, such as office and retail space, restaurants and hospitality, schools and universities, manufacturing, healthcare, airports, municipal, residential, street lighting and parking structures, and other applications. It currently has negative earnings. This segment sells its products to distributors, retailers, and customers.

More important recent Cree, Inc. (NASDAQ:CREE) news were published by: Globenewswire.com which released: “Consolidated Research: 2018 Summary Expectations for South Jersey Industries, Cedar Realty Trust, Antares Pharma …” on July 26, 2018, also Bizjournals.com published article titled: “Durham’s Cree names new CFO”, Bizjournals.com published: “Cree CEO talks business expansion, tariff impact and management style at Power Breakfast” on August 07, 2018. More interesting news about Cree, Inc. (NASDAQ:CREE) was released by: Investorplace.com and their article: “10 Tech Stocks to Get Rid of Today” with publication date: August 07, 2018.

Cree, Inc. (NASDAQ:CREE) Institutional Positions Chart

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