Cree (CREE) Earning Somewhat Favorable Press Coverage, Analysis Shows

Media stories about Cree (NASDAQ:CREE) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cree earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the LED producer an impact score of 45.7562038706185 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment’s rankings:

Cree (NASDAQ:CREE) opened at $36.84 on Friday. The company has a market cap of $3,620.00, a PE ratio of -30.20 and a beta of 1.26. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.61 and a current ratio of 4.82. Cree has a one year low of $20.50 and a one year high of $40.24.

Cree (NASDAQ:CREE) last announced its quarterly earnings results on Tuesday, October 17th. The LED producer reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $360.00 million during the quarter, compared to analysts’ expectations of $360.01 million. Cree had a negative net margin of 8.42% and a negative return on equity of 0.44%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. equities analysts expect that Cree will post -0.27 EPS for the current year.

A number of equities research analysts have issued reports on the stock. Northland Securities restated an “under perform” rating and set a $28.00 price target on shares of Cree in a report on Tuesday, December 19th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $28.00 price target on shares of Cree and gave the company a “sell” rating in a report on Tuesday, December 19th. Zacks Investment Research cut shares of Cree from a “hold” rating to a “sell” rating in a report on Friday, December 15th. Piper Jaffray Companies assumed coverage on shares of Cree in a report on Wednesday, December 20th. They set a “neutral” rating and a $37.00 price target for the company. Finally, Deutsche Bank set a $45.00 target price on shares of Cree and gave the company a “buy” rating in a research note on Wednesday, December 20th. Eight equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $28.18.

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About Cree

Cree, Inc is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. 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.

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