Cree

According to Wunderlich, investors have recently been struggling with Cree (NASDAQ: CREE) shares trying to understand what the earnings power would be. Wunderlich reported that it believes it could be north of $3.00 per share. “In the less-than-$3.00 camp are analysts who look at the lighting...

According to Sterne Agee, Cree (NASDAQ: CREE) will report its March quarter results on Tuesday, April 19, after the market close. Sterne Agee reported that it does not expect any significant surprises for the March quarter results. “We have clearly underestimated the negative impact of weakening...

Morgan Stanley is previewing Cree Inc.'s (NASDAQ: CREE) F3Q11. “We expect incremental data on one of the 3 pillars of our Underweight rating — lower gross margins,” Morgan Stanley writes. “Cree is scheduled to report F3Q11 (March) earnings on Tuesday, April 19, after the close. “Management...

According to Morgan Keegan, Cree (NASDAQ: CREE) share price will fall in absolute terms over the next 30 days. Morgan Keegan reported that this is because of an earnings release. “Cree is scheduled to report earnings April 19. We expect the company to guide gross margins down sequentially...

Morgan Stanley has downgraded Cree, Inc. (NASDAQ: CREE) from Equal Weight to Underweight with a $36 price target.

Morgan Stanley has downgraded its rating on Cree, Inc. (NASDAQ: CREE) to Underweight from its previous rating of Equal-weight. In the report, Morgan Stanley cites four reasons for its new rating, including competition and pricing pressure, share losses, negative earnings growth projections for...

In a report released yesterday after the market close, Oppenheimer says that for anyone who doubted how much Cree Inc.'s (NASDAQ: CREE) performance was linked to the broader LED market, last week's pre-announcement was a “painfully clarifying moment.” “But the pre-announcement did little to...

Deutsche Bank has lowered the price target on Cree, Inc. (NASDAQ: CREE) from $55 to $45 and maintains its Hold rating.

According to Gabelli, Cree (NASDAQ: CREE) lowered its 3Q11 target by 14% at its midpoint. Gabelli reported that management contributed a third of the revenue guidance cut to LED chip which experienced aggressive pricing. “In LED components, mgmt reported weaker-than-expected demand and lower sales...

According to Sterne Agee, Cree (NASDAQ: CREE) pre-announced the March quarter yesterday and lowered its revenue and gross margin guidance. Sterne Agee reported that, despite the already negative sentiment on the stock, the news was clearly much worse than anticipated. “Revenue was negatively...

According to Wunderlich Securities, Cree (NASDAQ: CREE) preannounced lower-than-consensus revenue and gross profit margins for fiscal 3Q11 and 4Q11 with implications for fiscal 2012. Wunderlich Securities reported that the issue is that it has had to reduce prices more aggressively in order to...

Wunderlich Securities has lowered the price target on Cree, Inc. (NASDAQ: CREE) from $85 to $80 and maintains its Buy rating.

In a report published by Lazard Capital Markets, it is lowering estimates on Cree (NASDAQ: CREE). Lazard said that it is lowering our F3Q estimates to $216.5M/$0.31 from $252M/$0.40 following Cree's preannouncement. “The Street expects $254M/$0.42. For F4Q, we now see $240.3M/$0.37 vs. $260M/$0.41...

In a report published by Wunderlich, it is lowering earnings and target on Cree (NASDAQ: CREE). Wunderlich said that Cree preannounced lower-than-consensus revenue and gross profit margins for fiscal 3Q11 and 4Q11 with implications for fiscal 2012. “The issue is that it has had to reduce prices...

Sterne Agee has published a research report on Cree, Inc. (NASDAQ: CREE) after the company hit a new 52-week low. In the report, Sterne Agee writes "Since its last earnings release, Cree's stock has hit new 52-week lows. We believe this is the result of fears that following three consecutive...