Headlines about Cree (NASDAQ:CREE) have trended somewhat negative recently, according to Alpha One Sentiment Analysis. Alpha One, a subsidiary of Accern, rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cree earned a media sentiment score of -0.03 on Alpha One’s scale. Alpha One also assigned media coverage about the LED producer an impact score of 91 out of 100, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the next few days.

These are some of the headlines that may have effected AlphaOne’s scoring:

Shares of Cree (NASDAQ:CREE) traded down 0.60% during trading on Friday, reaching $24.66. The company’s stock had a trading volume of 439,530 shares. The firm’s market cap is $2.43 billion. The company’s 50 day moving average price is $26.07 and its 200 day moving average price is $25.90. Cree has a 12 month low of $20.75 and a 12 month high of $31.64.

Cree (NASDAQ:CREE) last announced its quarterly earnings results on Tuesday, January 24th. The LED producer reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.22. The business had revenue of $347 million for the quarter, compared to analyst estimates of $328.54 million. Cree had a positive return on equity of 1.06% and a negative net margin of 0.26%. The company’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 earnings per share. On average, equities analysts predict that Cree will post $0.60 earnings per share for the current year.

A number of analysts have recently weighed in on CREE shares. Goldman Sachs Group Inc set a $17.00 target price on Cree and gave the company a “sell” rating in a research note on Tuesday, December 27th. Canaccord Genuity raised their target price on Cree from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Thursday, January 19th. Roth Capital restated a “buy” rating and issued a $33.00 target price (down from $34.00) on shares of Cree in a research note on Friday, March 31st. Needham & Company LLC restated a “hold” rating on shares of Cree in a research note on Wednesday, January 25th. Finally, Williams Capital raised their target price on Cree from $23.00 to $24.00 and gave the company a “hold” rating in a research note on Wednesday, January 25th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. Cree presently has a consensus rating of “Hold” and an average target price of $26.22.

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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.

5 Day Chart for NASDAQ:CREE

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