Market Overview

Susquehanna Gets Bullish on Cree

Share:
Related CREE
Mid-Day Market Update: Crude Oil Up Over 2%; Egalet Shares Plummet
Mid-Morning Market Update: Markets Open Lower; Liberty Interactive To Acquire HSN

Susquehanna expects Cree (NASDAQ: CREE) to report third quarter results at the high end of the company's forecasts

Analyst Mehdi Hosseini's recent channel checks show better-than-expected trends in Cree's LED component business.

LED bulb prices should be in the $0.18 to $0.20 per watt range based on the company's announcement introducing 100 watt bulbs with average selling price of $20, the analyst said.

Shares of Cree are up only 2.5 percent after gaining as much as 5.6 percent earlier in the session. Thursday's volume has been the heaviest in a month.

Latest Ratings for CREE

DateFirmActionFromTo
May 2017JMP SecuritiesUpgradesMarket PerformMarket Outperform
Apr 2017JP MorganUpgradesNeutralOverweight
Feb 2017JMP SecuritiesDowngradesMarket OutperformMarket Perform

View More Analyst Ratings for CREE
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings

 

Related Articles (CREE)

View Comments and Join the Discussion!