Cree, Inc. (CREE) Analysts See $-0.06 EPS

September 17, 2017 - By Ellis Scott

 Cree, Inc. (CREE) Analysts See $ 0.06 EPS
Investors sentiment decreased to 0.84 in 2016 Q4. Its down 0.05, from 0.89 in 2016Q3. It dived, 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.
186 were accumulated by Baystate Wealth Mngmt Limited Liability Corp. Pub Employees Retirement Association Of Colorado invested in 18,521 shares or 0% of the stock. Menta Cap Ltd Com stated it has 69,767 shares. Vanguard Group owns 7.80 million shares or 0.01% of their US portfolio. American Inc reported 192,195 shares. Hsbc Public Lc holds 8,958 shares or 0% of its portfolio. Piermont Management Inc holds 0.67% of its portfolio in Cree, Inc. (NASDAQ:CREE) for 111,136 shares. Massachusetts-based Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma has invested 0% in Cree, Inc. (NASDAQ:CREE). 56,460 are held by Great West Life Assurance Can. 12,591 are held by First Republic Inv Management. Vigilant Capital Mngmt Ltd accumulated 0% or 689 shares. Fruth Inv Management reported 12,300 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt reported 0.01% in Cree, Inc. (NASDAQ:CREE). Alliancebernstein L P stated it has 0% of its portfolio in Cree, Inc. (NASDAQ:CREE). Blackrock Invest Mgmt Limited Liability Corporation holds 345,757 shares or 0.01% 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. Deutsche Bank maintained it with “Hold” rating and $26 target in Friday, July 15 report. As per Thursday, December 8, the company rating was initiated by JMP Securities. Stephens downgraded the stock to “Equal-Weight” rating in Wednesday, October 19 report. The stock of Cree, Inc. (NASDAQ:CREE) earned “Sell” rating by Goldman Sachs on Friday, November 6. The stock has “Sell” rating by UBS on Wednesday, August 17. The firm has “Hold” rating given on Wednesday, January 25 by Williams Capital Group. Bank of America maintained Cree, Inc. (NASDAQ:CREE) on Wednesday, August 23 with “Neutral” rating. Canaccord Genuity maintained it with “Hold” rating and $26 target in Wednesday, January 20 report. The stock has “Hold” rating by Canaccord Genuity on Tuesday, August 22. The firm has “Neutral” rating by JP Morgan given on Friday, February 5.

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. Earnings Fall 80% In Q4” on August 22, 2017, also Nasdaq.com with their article: “Bear of the Day: Cree Inc. (CREE)” published on August 31, 2017, Seekingalpha.com published: “New Leadership, New Growth? – A Q2 LED Analysis: Cree Inc.” on September 07, 2017. More interesting news about Cree, Inc. (NASDAQ:CREE) were released by: Nasdaq.com and their article: “Cree Inc. (CREE) Is Down Sharply On Disappointing Q1 Guidance” published on August 23, 2017 as well as Investorplace.com‘s news article titled: “3 Big Stock Charts for Thursday: Cree, Inc. (CREE), Diodes Incorporated (DIOD …” with publication date: August 31, 2017.

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