Suzann sells CREE 24.4: It will take another $18 million in the current fiscal year.

Cree booked $84 million in restructuring charges. The biggest restructuring charges are behind it, and the company is positioning itself so that revenue will start improving. The company is still worth watching closely. Finally, Needham & Company LLC reissued a hold rating on shares of Cree in a research note on Tuesday, May 19th. Oppenheimer restated a market perform rating on shares of Cree in a report on Sunday, April 26th.


Theressa:
Northland Securities restated a hold rating and issued a $28.00 price objective (down from $29.00) on shares of Cree in a research report on Wednesday, April 22nd.

Angele:
A number of other research analysts also recently issued reports on CREE.

Veola:
Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company.

Paulina:
Canaccord Genuity cut their price target on Cree from $31.00 to $28.00 and set a hold rating on the stock in a research note on Thursday, June 25th.

Nellie:
Oppenheimer reiterated a hold rating on shares of Cree in a research report on Thursday, June 25th.

Elvira:
Gabelli restated a buy rating on shares of Cree in a research report on Tuesday.

Bernardine:
The business had revenue of $382.20 million for the quarter, compared to analyst estimates of $378.92 million.

Lucila:
Shares of Cree ( NASDAQ:CREE ) traded up 0.22% on Tuesday, hitting $27.00. 1,494,088 shares of the company traded hands.

Lorie:
Cree, Inc. is a producer of lighting fixture-type light emitting diode ( NASDAQ:CREE ) products, lighting products and semiconductor products for power and radio-frequency (RF) programs.

Angela:
Analysts forecast that Cree will post $1.10 EPS for the current fiscal year.

Cree (NASDAQ:CREE)
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