UP!
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Type
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Public |
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| Traded as | NASDAQ: CREE S&P 400 Component |
| Industry | Electronics |
| Founded | 1987 |
| Headquarters | Durham, North Carolina, United States |
| Products | Light-emitting diodes |
| Revenue | $1.65 billion |
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Operating income
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USD $124 million (Fiscal Year 2014) |
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Number of employees
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6,387 |
| Website | www |
Cree, Inc. is an American worldwide manufacturer and marketer of lighting-class LEDs, lighting products and products for power and radio frequency (RF) applications.
Cree was founded in July 1987 in Durham, North Carolina. Five of the six founders – Thomas Coleman, John Edmond, Eric Hunter, John Palmour and Calvin Carter – are graduates of North Carolina State University.
In 1983, the founders – one a research assistant professor and the others student researchers – were seeking ways to leverage the properties of silicon carbide to enable semiconductors to operate at higher operating temperatures and power levels. They also knew silicon carbide could serve as the diode in light-emitting diode (LED) lighting, a light source first demonstrated in 1907 with an electrically-charged diode of SiC.
The research team devised a way to grow silicon crystals in the laboratory, and in 1987 founded a company, Cree Research, Inc., to produce SiC and exploit its usage commercially in both semiconductors and lighting. The founders raised money to establish office and laboratory facilities and entered a period of steady technological advancements.
In 1989, the company introduced the world's first blue LED, which enabled the development of large, full-color video screens and billboards.
In 1991, Cree released the world's first commercial silicon carbide wafer.
In 1993, Cree launched an initial public offering.
In 1999, the company name is changed from Cree Research to Cree, Inc.
In 2011 Cree acquired Ruud Lighting, a national firm experienced in the use of LED for outdoor lighting. This expanded Cree sales channels and led to a new generation of lighting-class LED components.
In 2012 Cree announced the XLamp XT-E, which was claimed to deliver twice as much light for the same price as older LEDs.
In 2014, Cree introduced a series of dimmable 40 and 60 watt LED bulbs.
In July 2016, German chip maker Infineon Technologies AG said it agreed to buy Cree's Wolfspeed business unit (RF and power electronics devices) for $850 million in cash. However, the deal was called off in February 2017 after the companies were unable to resolve regulators’ national security concerns.
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q1 2022 | 2021-10-26 | Future report Set alerts | |
| Q4 2021 | 2021-08-17 | -0.23 | -0.23 |
| Q3 2021 | 2021-04-28 | -0.22 | -0.22 |
| Q2 2021 | 2021-01-27 | -0.24 | -0.24 |
| Q1 2021 | 2020-10-28 | 0.00 | 0.00 |
| Q4 2020 | 2020-08-18 | -0.18 | -0.36 |
| Q3 2020 | 2020-04-29 | -0.14 | -0.57 |
| Q2 2020 | 2020-01-29 | -0.10 | -0.49 |
| Q1 2020 | 2019-10-30 | -0.03 | -0.35 |
| Q4 2019 | 2019-08-20 | 0.11 | -0.33 |
| 2016-05-13 | Initiated Coverage | Pacific Crest | Fair Value to Sector Perform | $24.00 to $23.00 |
| 2016-04-27 | Reiterated Rating | Canaccord Genuity | Hold | |
| 2016-04-25 | Reiterated Rating | Needham & Company LLC | Hold | |
| 2016-04-19 | Reiterated Rating | Oppenheimer | Hold | |
| 2016-04-19 | Reiterated Rating | Oppenheimer Holdings Inc. | Hold | |
| 2016-04-07 | Reiterated Rating | Oppenheimer | Market Perform | |
| 2016-04-07 | Lower Price Target | Deutsche Bank | Hold | $27.00 to $23.00 |
| 2016-04-07 | Lower Price Target | Deutsche Bank AG | Hold | $27.00 to $23.00 |
| 2016-04-06 | Lower Price Target | Cowen and Company | Market Perform | $25.00 to $23.00 |
| 2016-04-06 | Lower Price Target | Canaccord Genuity | Hold | $26.00 to $24.00 |
| 2016-04-06 | Reiterated Rating | Summit Research | Hold | $30.00 to $25.00 |
| 2016-04-06 | Reiterated Rating | Stephens | Buy | $40.00 |
| 2016-04-06 | Reiterated Rating | Bank of America | Hold | |
| 2016-04-06 | Reiterated Rating | Bank of America Corp. | Hold | |
| 2016-03-28 | Lower Price Target | Wedbush | Outperform | $77.00 to $73.00 |
| 2016-03-28 | Lower Price Target | Credit Suisse | Neutral | $60.00 to $50.00 |
| 2016-03-28 | Lower Price Target | Credit Suisse Group AG | Neutral | $60.00 to $50.00 |
| 2016-03-07 | Reiterated Rating | Canaccord Genuity | Hold | $26.00 to $24.00 |
| 2016-02-22 | Upgrade | Piper Jaffray | Neutral to Overweight | $27.00 to $37.00 |
| 2016-02-22 | Upgrade | Piper Jaffray Cos. | Neutral to Overweight | $27.00 to $37.00 |
| 2016-02-05 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | $30.00 |
| 2016-02-04 | Upgrade | Northland Securities | Market Perform to Outperform | $35.00 |
| 2016-01-20 | Reiterated Rating | Piper Jaffray | In-Line | $26.00 to $27.00 |
| 2016-01-20 | Lower Price Target | Canaccord Genuity | Hold | $28.00 to $26.00 |
| 2016-01-20 | Reiterated Rating | Deutsche Bank | Hold | |
| 2016-01-20 | Reiterated Rating | Stephens | Overweight | $40.00 |
| 2016-01-04 | Reiterated Rating | Needham & Company LLC | Hold | |
| 2015-12-29 | Reiterated Rating | Needham & Company LLC | Hold | |
| 2015-11-05 | Downgrade | Goldman Sachs | Neutral to Sell | $24.00 to $21.00 |
| 2015-11-05 | Downgrade | Goldman Sachs Group Inc. | Neutral to Sell | $24.00 to $21.00 |
| 2015-10-21 | Reiterated Rating | Stephens | Overweight | $45.00 |
| 2015-10-21 | Reiterated Rating | Canaccord Genuity | Hold | $21.00 to $28.00 |
| 2015-10-15 | Reiterated Rating | Northland Securities | Market Perform | |
| 2015-08-20 | Boost Price Target | Northland Securities | Market Perform | $28.00 to $30.00 |
| 2015-08-12 | Lower Price Target | Canaccord Genuity | Hold | $28.00 to $21.00 |
| 2015-08-11 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $30.00 |
| 2015-08-11 | Reiterated Rating | Gabelli | Buy | |
| 2015-08-11 | Reiterated Rating | Piper Jaffray | Neutral | $28.00 |
| 2015-08-11 | Reiterated Rating | Deutsche Bank | Hold | $29.00 |
| 2015-07-09 | Reiterated Rating | Canaccord Genuity | Hold | $28.00 |
| 2015-06-28 | Reiterated Rating | Summit Research | Hold | |
| 2015-06-26 | Reiterated Rating | Raymond James | Underperform | |
| 2015-06-26 | Reiterated Rating | Needham & Company LLC | Hold | |
| 2015-06-26 | Reiterated Rating | Cowen and Company | Market Perform | $27.50 to $25.00 |
| 2015-06-26 | Reiterated Rating | Raymond James Financial Inc. | Underperform | |
| 2015-06-25 | Reiterated Rating | Oppenheimer | Hold | |
| 2015-06-25 | Lower Price Target | Canaccord Genuity | Hold | $31.00 to $28.00 |
| 2015-06-05 | Reiterated Rating | Summit Research | Hold | $25.00 |
| 2015-06-04 | Set Price Target | Piper Jaffray | Hold | $35.00 |
| 2015-05-21 | Upgrade | Credit Agricole | Sell to Underperform | |
| 2015-05-21 | Upgrade | CLSA | Sell to Underperform | |
| 2015-05-21 | Upgrade | Credit Agricole SA | Sell to Underperform | |
| 2015-05-19 | Reiterated Rating | Needham & Company LLC | Hold | |
| 2015-04-26 | Reiterated Rating | Oppenheimer | Market Perform | |
| 2015-04-22 | Lower Price Target | Deutsche Bank | Hold | $34.00 to $31.00 |
| 2015-04-22 | Lower Price Target | Canaccord Genuity | Hold | $34.00 to $31.00 |
| 2015-04-22 | Reiterated Rating | Northland Securities | Hold | $29.00 to $28.00 |
| 2015-03-10 | Boost Price Target | Canaccord Genuity | Hold | $29.00 to $34.00 |
| 2015-01-21 | Downgrade | Credit Agricole | Underperform to Sell | |
| 2015-01-21 | Upgrade | Stephens | Equal Weight to Overweight | |
| 2014-10-30 | Upgrade | Bank of America | Underperform to Neutral | $35.00 |
| 2014-10-24 | Lower Price Target | Northland Securities | Market Perform | $52.00 to $29.00 |
| 2014-10-22 | Downgrade | DA Davidson | Buy to Neutral | $44.00 to $31.00 |
| 2014-10-22 | Lower Price Target | Deutsche Bank | Hold | $40.00 to $34.00 |
| 2014-10-22 | Reiterated Rating | Bank of America | Underperform | $30.00 to $28.00 |
| 2014-10-22 | Downgrade | Canaccord Genuity | Buy to Hold | $41.00 to $29.00 |
| 2014-10-07 | Downgrade | ING Group | Hold | |
| 2014-10-03 | Lower Price Target | DA Davidson | Buy | $70.00 to $44.00 |
| 2014-10-03 | Reiterated Rating | Canaccord Genuity | Buy to Buy | $64.00 to $41.00 |
| 2014-10-03 | Downgrade | Needham | Buy to Hold | |
| 2014-10-03 | Lower Price Target | Cann | $41.00 | |
| 2014-10-03 | Downgrade | Needham & Company LLC | Buy to Hold | $55.00 |
| 2014-10-02 | Downgrade | Oppenheimer | Outperform to Market Perform | |
| 2014-09-23 | Upgrade | Stephens | Underweight to Equal Weight | $42.00 |
| 2014-09-15 | Downgrade | Barclays | Buy to Neutral | $48.00 |
| 2014-09-15 | Downgrade | Goldman Sachs | Buy to Neutral | $60.00 to $48.00 |
| 2014-09-15 | Downgrade | Barclays PLC | Buy to Neutral | $48.00 |
| 2014-09-11 | Initiated Coverage | Cowen and Company | Market Perform | $46.00 |
| 2014-08-13 | Reiterated | Northland Capital | Market Perform | $57 to $52 |
| 2014-08-13 | Reiterated Rating | Susquehanna | Neutral | $50.00 to $42.00 |
| 2014-08-13 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $62.00 to $56.00 |
| 2014-08-13 | Reiterated Rating | Canaccord Genuity | Buy | $77.00 to $64.00 |
| 2014-08-13 | Reiterated Rating | Deutsche Bank | Hold | $56.00 to $47.00 |
| 2014-08-13 | Downgrade | Summit Research | Buy to Hold | |
| 2014-08-13 | Lower Price Target | Needham & Company LLC | Buy | $59.00 to $55.00 |
| 2014-08-13 | Downgrade | Credit Agricole | Outperform to Underperform | |
| 2014-08-13 | Lower Price Target | Northland Securities | Market Perform | $57.00 to $52.00 |
| 2014-07-23 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $61.00 to $62.00 |
| 2014-07-03 | Upgrade | Oppenheimer | Market Perform to Outperform | $50.31 to $59.00 |
| 2014-06-05 | Reiterated | Needham | Buy | $64 to $59 |
| 2014-06-05 | Lower Price Target | Needham & Company LLC | Buy | $64.00 to $59.00 |
| 2014-05-28 | Initiated Coverage | Stifel Nicolaus | Hold to Hold | $46.00 to $54.00 |
| 2014-05-14 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $72.50 to $61.00 |
| 2014-05-08 | Upgrade | Gabelli & Co | Hold to Buy | |
| 2014-05-08 | Upgrade | Gabelli | Hold to Buy | |
| 2014-04-28 | Reiterated Rating | Credit Suisse | Neutral | $50.00 |
| 2014-04-23 | Reiterated | UBS | Neutral | $66 to $62 |
| 2014-04-23 | Reiterated | Northland Capital | Market Perform | $59 to $57 |
| 2014-04-23 | Boost Price Target | Canaccord Genuity | Buy | $74.00 to $77.00 |
| 2014-04-23 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $72.50 |
| 2014-04-23 | Reiterated Rating | Deutsche Bank | Hold | $56.00 |
| 2014-04-23 | Lower Price Target | Sterne Agee CRT | Buy | $76.00 to $65.00 |
| 2014-04-23 | Upgrade | Summit Research | Hold to Buy | |
| 2014-04-23 | Lower Price Target | Northland Securities | Market Perform | $59.00 to $57.00 |
| 2014-04-16 | Upgrade | Needham | Hold to Buy | $64 |
| 2014-04-16 | Upgrade | Needham & Company LLC | Hold to Buy | $64.00 |
| 2014-04-10 | Upgrade | DA Davidson | Neutral to Buy | $70.00 |
| 2014-02-26 | Downgrade | Piper Jaffray | Overweight to Neutral | $67.00 |
| 2014-01-22 | Reiterated | Northland Capital | Market Perform | $63 to $59 |
| 2014-01-22 | Lower Price Target | Canaccord Genuity | Buy to Buy | $76.00 to $74.00 |
| 2014-01-22 | Lower Price Target | Wedbush | Outperform | $73.00 |
| 2014-01-22 | Lower Price Target | Northland Securities | Market Perform | $63.00 to $59.00 |
| 2014-01-14 | Reiterated Rating | Sterne Agee CRT | Buy | |
| 2014-01-13 | Downgrade | Stifel Nicolaus | Buy to Hold | |
| 2013-11-12 | Reiterated Rating | Lazard Capital Markets | Buy | $75.00 |
| 2013-10-23 | Lower Price Target | Wedbush | Outperform | $83.00 to $77.00 |
| 2013-10-23 | Lower Price Target | Piper Jaffray | Overweight | $71.00 to $70.00 |
| 2013-10-23 | Lower Price Target | Canaccord Genuity | Buy | $80.00 to $76.00 |
| 2013-10-23 | Reiterated Rating | Goldman Sachs | Buy | $72.00 |
| 2013-10-23 | Downgrade | Stephens | Equal Weight to Underweight | $52.00 to $48.00 |
| 2013-10-23 | Downgrade | Needham & Company LLC | Buy to Hold | |
| 2013-10-17 | Reiterated Rating | Needham & Company LLC | Buy to Buy | $80.00 |
| 2013-10-16 | Boost Price Target | Credit Suisse | Neutral | $60.00 to $66.00 |
| 2013-10-14 | Reiterated Rating | Wedbush | Outperform | $78.00 to $83.00 |
| 2013-10-07 | Boost Price Target | Needham & Company LLC | Buy | $74.00 to $80.00 |
| 2013-10-01 | Reiterated Rating | Goldman Sachs | Buy | |
| 2013-10-01 | Upgrade | Canaccord Genuity | Hold to Buy | $65.00 to $80.00 |
| 2013-08-14 | Reiterated | Needham | Buy | $80 to $74 |
| 2013-08-14 | Downgrade | Northland Capital | Outperform to Market Perform | $63 to $61 |
| 2013-08-14 | Downgrade | DA Davidson | Buy to Neutral | $79 to $65 |
| 2013-06-10 | Reiterated | Stifel | Buy | $59 to $70 |
| 2013-04-24 | Reiterated | Northland Capital | Outperform | $50 to $63 |
| 2013-04-24 | Reiterated | Needham | Buy | $60 to $63 |
| 2013-03-06 | Reiterated | UBS | Neutral | $45 to $51 |
| 2013-03-05 | Reiterated | Needham | Buy | $42 to $60 |
| 2016-05-13 | Initiated Coverage | Pacific Crest | Fair Value to Sector Perform | $24.00 to $23.00 |
| 2016-04-27 | Reiterated Rating | Canaccord Genuity | Hold | |
| 2016-04-25 | Reiterated Rating | Needham & Company LLC | Hold | |
| 2016-04-19 | Reiterated Rating | Oppenheimer | Hold | |
| 2016-04-19 | Reiterated Rating | Oppenheimer Holdings Inc. | Hold |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CREE 51 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| BlackRock Fund Advisors | 4.16M |
| BlackRock Institutional Trust Company, N.A. | 2.94M |
| TIAA CREF INVESTMENT MANAGEMENT LLC | 1.48M |
| PICTET ASSET MANAGEMENT LTD | 1.44M |
| OPPENHEIMER FUNDS INC | 1.10M |
| TEACHERS ADVISORS INC | 0.95M |
| MANAGED ACCOUNT ADVISORS LLC | 0.80M |
| BAIRD ROBERT W & CO INC /WI/ | 0.49M |
| FIRST INVESTORS MANAGEMENT CO INC | 0.41M |
| COLUMBUS CIRCLE INVESTORS | 0.37M |
| BlackRock Investment Management, LLC | 0.35M |
| PEAK6 Investments, L.P. | 0.27M |
| Parametric Risk Advisors LLC | 0.25M |
| Loeb Offshore Management LP | 0.13M |
| RUSSELL FRANK CO/ | 0.10M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| RUUD ALAN J | 0.83% (1014379) | CREE / |
| SWOBODA CHARLES M CHAIRMAN, PRESIDENT AND CEO | 0.42% (511900) | CREE / |
| LOWE GREGG A PRESIDENT, CEO AND DIRECTOR | 0.17% (208854) | CREE / FSL / SLAB / |
| McDevitt Michael E VICE PRESIDENT AND INTERIM CFO | 0.13% (164077) | CREE / |
| Emerson David Todd EVP, GM LED | 0.11% (130860) | CREE / |
| Castillo Daniel J EVP Cree & President-Lighting | 0.09% (113853) | CREE / |
| REPLOGLE JOHN B | 0.06% (73625) | CREE / |
| INGRAM ROBERT ALEXANDER | 0.06% (72302) | BCRX / CREE / EW / REGN / VRX / |
| MITCHELL TYRONE D JR EXECUTIVE VICE PRESIDENT | 0.05% (56123) | CREE / |
| HOSEIN CLYDE | 0.04% (52750) | CREE / RNG / |
| WERNER THOMAS H | 0.04% (49880) | CREE / SPWR / SSNI / |
| KURTZWEIL JOHN T EXECUTIVE VP, CFO, TREASURER | 0.04% (42887) | ACLS / CREE / EXTR / MERU / |
| PLASTINA FRANCO | 0.03% (42638) | CREE / |
| JACKSON DARREN R | 0.02% (30267) | AAP / CREE / FAST / |
| Kelley Stephen Douglas EXECUTIVE VICE PRESIDENT, COO | 0.02% (30153) | AMKR / CREE / |
| TILLMAN ROBERT L | 0.02% (28773) | CREE / |
| WAGNER HARVEY A | 0.02% (28000) | CREE / NCFT / SRT / |
| Whitaker Anne Clem | 0.02% (27087) | CREE / SNTA / VRX / |
| Nye C Howard | 0.02% (26800) | CREE / MLM / |
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