Cree (CREE) Earns Daily Coverage Optimism Rating of 0.15
Media coverage about Cree (NASDAQ:CREE) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cree earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the LED producer an impact score of 45.8870239576951 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s analysis:
- Global LED lighting market is expected to surpass US$ 100 Billion by the end of year 2024 (bizjournals.com)
- Here Are All the Pop Culture Retrospectives You’ll Read in 2018 (vice.com)
- Belize Becomes a Lover’s Paradise With Chaa Creek’s Valentine’s Month of Love (prweb.com)
- New Affordable Assisted Living Community to Open in Indianapolis This Month (prweb.com)
- Search Minerals Receives Notice for Environmental Assessment on Foxtrot Project (finance.yahoo.com)
Shares of Cree (CREE) opened at $36.18 on Friday. The company has a market cap of $3,570.00, a price-to-earnings ratio of -29.66 and a beta of 1.26. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.82 and a quick ratio of 3.61. Cree has a 12 month low of $20.50 and a 12 month high of $40.24.
CREE has been the subject of a number of analyst reports. Deutsche Bank set a $45.00 target price on shares of Cree and gave the company a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research downgraded shares of Cree from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Bank of America raised their target price on shares of Cree from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, October 18th. JMP Securities set a $41.00 target price on shares of Cree and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, TheStreet raised shares of Cree from a “d+” rating to a “c-” rating in a research report on Wednesday, September 27th. Eight equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Cree presently has an average rating of “Hold” and a consensus price target of $28.18.
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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.
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