Stephens Initiates Coverage on Cree (CREE)

By admin | 6 years ago

Analysts at Stephens started coverage on shares of Cree (NASDAQ: CREE) in a research report issued to clients and investors on Thursday. The firm set an “equal weight” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Wunderlich Securities reiterated a “sell” rating on shares of Cree in a research note to investors on Wednesday. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Cree in a research note to investors on Tuesday. Finally, analysts at Susquehanna initiated coverage on shares of Cree in a research note to investors on Friday, May 18th. They set a “positive” rating on the stock.

Cree traded up 0.04% on Thursday, hitting $25.92. Cree has a 1-year low of $20.25 and a 1-year high of $33.45. The company has a market cap of $2.997 billion and a price-to-earnings ratio of 54.21.

Cree last released its earnings data on Tuesday, April 17th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.01. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. Analysts expect that Cree will post $0.28 EPS next quarter.

Cree, Inc. (Cree) develops and manufactures semiconductor materials and devices primarily based on silicon carbide (SiC), gallium nitride (GaN) and related compounds.

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