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Stock Market & Financial Investment News

News Breaks
January 22, 2013
14:57 EDTCREEEarnings Preview: Cree to report less than a week after two notch downgrade
Cree (CREE) is expected to report Q2 earnings after the close on Tuesday, January 22, with a conference call scheduled for 5:00 pm ET. Cree develops and manufactures lighting-class light emitting diode products, traditional lighting products and semiconductor products for power and radio-frequency applications... EXPECTATIONS: Analysts are looking for earnings per share of 30c on revenue of $331.2M. The consensus range is 26c-32c for EPS on revenue of $319.99B-$342.8B, according to First Call. In conjunction with its last earnings report, Cree guided to Q2 adjusted EPS of 27c-31c on revenue of $320M-$340M... LAST QUARTER: Cree reported Q1 adjusted EPS of 27c, narrowly beating the 26c consensus estimate. Q1 revenue, however, came in at $315.8M, which was shy of the consensus $317.89M projection. The company also said its overall backlog was stronger than it was at same point in the prior quarter, although added that its visibility is still limited and the macroeconomic environment remains a headwind... RESEARCH: After the market close last Wednesday, Jefferies downgraded Cree two notches to Underperform from Buy, citing overly optimistic expectations. Earlier that same day, Raymond James said Cree's recent share strength is not sustainable and that the firm believes its Q2 results will modestly disappoint. However, Cantor said it expects Cree to report stronger than expected Q2 results, but that the company's guidance could miss expectations. The next day, Maxim said it expects Cree to report strong Q2 results and that the firm sees upside to Q2 and Q3 consensus estimates... PRICE ACTION: Since the day after last quarter's report, shares of Cree have rallied over 27%. Year-to-date, shares are down nearly 2% and in afternoon trading ahead of tonight's report, Cree is down about 0.8% to $33.49.
News For CREE From The Last 14 Days
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April 22, 2014
16:05 EDTCREECree sees Q4 EPS 38c-44c , consensus 44c
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16:04 EDTCREECree reports Q3 EPS 39c, consensus 38c
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15:39 EDTCREECree technical comments ahead of earnings
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15:12 EDTCREECree April weekly 58 straddle priced for 8.9% move into Q3
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14:48 EDTCREEEarnings Preview: Cree upgraded after firms foresee LED tailwinds
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April 21, 2014
07:55 EDTCREECree April weekly volatility elevated at 126 into Q1 and outlook
Cree April weekly call option implied volatility is at 126, June is at 47, September at 42; compared to its 26-week average of 42 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results on April 22.
April 16, 2014
10:04 EDTCREECree April weekly volatility elevated at 100 into Q1 and outlook
Cree April weekly call option implied volatility is at 100, June is at 48, September at 43; compared to its 26-week average of 42 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results on April 24.
10:00 EDTCREEOn The Fly: Analyst Upgrade Summary
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05:58 EDTCREECree upgraded to Buy from Hold at Needham
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April 10, 2014
12:54 EDTCREECree upgraded at DA Davidson
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12:32 EDTCREECree upgraded to Buy from Neutral at DA Davidson
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April 9, 2014
09:35 EDTCREECree shares mentioned positively at Northland Securities
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