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CREE

Cree

$50.18

-0.1 (-0.20%)

16:05
08/14/18
08/14
16:05
08/14/18
16:05

Cree reports Q4 EPS 11c, consensus 8c

Reports Q4 revenue $409M, consensus $399.7M. "Fiscal year 2018 finished with good momentum, with fourth quarter non-GAAP earnings per share that exceeded the top end of our range driven by Wolfspeed growth and gross margin improvement," stated Gregg Lowe, Cree CEO. "The demand for Silicon Carbide and GaN technologies continues to grow, as evidenced by the excellent results of our Wolfspeed business. We are expanding our manufacturing footprint and broadening our product portfolio to extend our leadership position in this market and drive growth."

  • 14

    Aug

CREE Cree
$50.18

-0.1 (-0.20%)

07/18/18
NOMU
07/18/18
INITIATION
Target $44
NOMU
Neutral
Cree initiated with a Neutral at Nomura Instinet
Nomura initiated Cree with a Neutral and $44 price target.
07/19/18
07/19/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Clorox (CLX) initiated with a Sell at UBS. 2. Cree (CREE) initiated with a Neutral at Nomura Instinet. 3. Paycom (PAYC) initiated with a Buy at Needham. 4. Lonestar Resources (LONE) initiated with a Buy at SunTrust. 5. ON Semiconductor (ON) initiated with a Buy at Nomura Instinet. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/19/18
NOMU
07/19/18
INITIATION
NOMU
Nomura rolls out Analog Semi coverage, names ON top pick
Nomura Instinet analyst Krysten Sciacca last night rolled out coverage on Analog Semiconductors. The analyst expects the group to outperform throughout the remainder of 2018 given its "steadier business models" versus other semi sectors, "strong" free cash flow generation and the "strong" demand coming from the auto and industrial applications. Her top pick is ON Semiconductor (ON), which the analyst initiated with a Buy rating and $30 price target. ON currently trades at a 35% discount to the Analog group, but its multiple should expand as investors come to better appreciate the company's exposure to industrial and auto, Sciacca told investors in a research note. She believes the company's 2020 target model will likely prove conservative. Sciacca also initiated coverage of Microchip (MCHP) with a Buy rating and $110 price target. The stock currently trades at a 22% discount to the comp group, but its "aggressive" de-leveraging, market share gains, and "strong" executional track record warrant the stock returning to its historical five-year average premium of 2%, the analyst contends. She initiated Cree (CREE) with a Hold rating and $44 price target saying the stock is already pricing in tailwinds and assumed coverage of Analog Devices (ADI) with a Neutral rating and $100 price target.
08/03/18
ADAM
08/03/18
INITIATION
Target $61
ADAM
Buy
Cree initiated with a Buy at Canaccord
Canaccord analyst Jed Dorsheimer initiated Cree with a Buy rating citing the management team's focus on the high power, high value silicon carbide and gallium nitride components and LED components. He believes the company is well positioned in the various secular themes of electrification in the transportation markets as well as high voltage applications in industrial automation. Dorsheimer has a $61 price target on Cree shares.

TODAY'S FREE FLY STORIES

BNFT

Benefitfocus

$49.88

-1.99 (-3.84%)

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AGCO

Agco

$56.59

2.7 (5.01%)

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  • 18

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NVS

Novartis

$85.40

-0.4 (-0.47%)

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  • 05

    Jan

SQ

Square

$59.91

1.28 (2.18%)

20:25
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  • 18

    Dec

PAYX

Paychex

$64.32

-0.63 (-0.97%)

, GIS

General Mills

$36.70

-0.03 (-0.08%)

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Earnings
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PAYX

Paychex

$64.32

-0.63 (-0.97%)

GIS

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$36.70

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  • 19

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FSNUY

Fresenius SE

$0.00

(0.00%)

20:21
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BNFT

Benefitfocus

$49.88

-1.99 (-3.84%)

20:19
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20:19
Recommendations
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  • 18

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FN

Fabrinet

$51.13

2.17 (4.43%)

20:06
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SEE

Sealed Air

$33.96

0.17 (0.50%)

19:38
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Sealed Air rating change at BMO Capital »

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CAT

Caterpillar

$124.29

-0.2 (-0.16%)

19:31
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Vice President of Caterpillar Excavation unit to step down »

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XOM

Exxon Mobil

$71.99

-2.01 (-2.72%)

19:10
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Periodicals
Exxon tells EPA it opposes weakening Obama-era emissions rules, Reuters says »

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  • 10

    Feb

CBS

CBS

$46.21

-0.6 (-1.28%)

, DIS

Disney

$109.43

-1.2 (-1.08%)

19:07
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Periodicals
CBS poised to ramp up CEO search after denying Moonves severance, Bloomberg says »

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CBS

CBS

$46.21

-0.6 (-1.28%)

DIS

Disney

$109.43

-1.2 (-1.08%)

FOX

21st Century Fox

$48.49

-0.29 (-0.59%)

FOXA

21st Century Fox

$48.78

-0.22 (-0.45%)

TRCO

Tribune Media

$45.25

-0.08 (-0.18%)

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  • 19

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JBL

Jabil

$22.21

0.65 (3.01%)

, SCS

Steelcase

$14.19

0.02 (0.14%)

19:02
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Fly Intel: After Hours Movers »

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JBL

Jabil

$22.21

0.65 (3.01%)

SCS

Steelcase

$14.19

0.02 (0.14%)

ADMS

Adamas Pharmaceuticals

$8.11

-0.67 (-7.63%)

ANGI

Angi Homeservices

$15.64

-0.01 (-0.06%)

MU

Micron

$34.12

0.23 (0.68%)

LRCX

Lam Research

$138.01

2.39 (1.76%)

AMAT

Applied Materials

$33.27

0.62 (1.90%)

FDX

FedEx

$185.01

2.81 (1.54%)

UPS

UPS

$97.25

0.33 (0.34%)

SURF

Surface Oncology

$7.35

-0.44 (-5.65%)

GSAT

Globalstar

$0.36

0.0082 (2.34%)

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CBS

CBS

$46.21

-0.6 (-1.28%)

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  • 19

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AMTB

Mercantil Bank

$12.00

-0.3 (-2.44%)

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  • 21

    Dec

QDEL

Quidel

$50.00

0.9 (1.83%)

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AAOI

Applied Optoelectronics

$15.40

-1.73 (-10.10%)

, ACIA

Acacia Communications

$39.32

-0.53 (-1.33%)

18:34
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AAOI

Applied Optoelectronics

$15.40

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ACIA

Acacia Communications

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CSCO

Cisco

$44.05

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FN

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$51.13

2.17 (4.43%)

FNSR

Finisar

$21.57

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  • 10

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WGO

Winnebago

$19.96

-0.73 (-3.53%)

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  • 19

    Dec

CVS

CVS Health

$69.55

-1.12 (-1.58%)

, AET

Aetna

$0.00

(0.00%)

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Aetna

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  • 07

    Jan

FDX

FedEx

$185.01

2.81 (1.54%)

, AMZN

Amazon.com

$1,551.00

29.66 (1.95%)

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FDX

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$185.01

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AMZN

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  • 18

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VZ

Verizon

$55.67

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  • 07

    Jan

CE

Celanese

$85.39

0.98 (1.16%)

18:02
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Celanese raises GUR and GHR grades engineered materials prices by 10% »

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FDX

FedEx

$185.01

2.81 (1.54%)

17:55
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  • 18

    Dec

FDX

FedEx

$185.01

2.81 (1.54%)

17:52
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Hot Stocks
FedEx sees voluntary buyout saving company $225M-$275M in FY20 »

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  • 18

    Dec

VVV

Valvoline

$19.00

0.21 (1.12%)

17:51
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