Cree (NASDAQ:CREE) Getting Somewhat Favorable Media Coverage, Report Shows

Press coverage about Cree (NASDAQ:CREE) has trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cree earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the LED producer an impact score of 46.1101363863927 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

CREE has been the subject of several research analyst reports. BidaskClub upgraded shares of Cree from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Cree from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Cowen and Company restated a “market perform” rating on shares of Cree in a research report on Wednesday, April 26th. Williams Capital reduced their price target on shares of Cree from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Wednesday, April 26th. Finally, Canaccord Genuity restated a “hold” rating and set a $23.00 price target on shares of Cree in a research report on Friday, April 21st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $25.00.

Shares of Cree (NASDAQ:CREE) opened at 22.85 on Friday. The stock’s market cap is $2.22 billion. The stock has a 50 day moving average of $25.07 and a 200 day moving average of $25.15. Cree has a 1-year low of $20.75 and a 1-year high of $31.64.

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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.

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