Press coverage about Cree (NASDAQ:CREE) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cree earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave headlines about the LED producer an impact score of 46.4680002016843 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Several brokerages recently weighed in on CREE. ValuEngine upgraded shares of Cree from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Bank of America dropped their target price on shares of Cree from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, August 23rd. Canaccord Genuity restated a “hold” rating and issued a $23.00 target price on shares of Cree in a research report on Wednesday, August 23rd. Deutsche Bank reissued a “hold” rating and set a $22.00 target price (down from $24.00) on shares of Cree in a report on Wednesday, August 23rd. Finally, Roth Capital set a $29.00 target price on shares of Cree and gave the stock a “buy” rating in a report on Tuesday, August 22nd. Seven analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Cree presently has an average rating of “Hold” and an average target price of $27.50.

Shares of Cree (NASDAQ:CREE) traded down $1.90 during trading hours on Wednesday, hitting $34.59. The company had a trading volume of 1,853,700 shares, compared to its average volume of 1,381,550. The company has a quick ratio of 3.61, a current ratio of 4.82 and a debt-to-equity ratio of 0.06. Cree has a 52 week low of $20.50 and a 52 week high of $37.50.

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

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Cree Company Profile

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.

Insider Buying and Selling by Quarter for Cree (NASDAQ:CREE)

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