Estimations under Considerations: Cree, Inc. (NASDAQ:CREE)

The shares of Cree, Inc. (NASDAQ:CREE) currently has mean rating of 2.60 while 3 analysts have recommended the shares as “BUY”, 1 recommended as “OUTPERFORM” and 10 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending June-16 is 382.85 million by 13 analysts. The means estimate of sales for the year ending June-16 is 1.61 billion by 14 analysts.

The mean price target for the shares of Cree, Inc. (NASDAQ:CREE) is at 26.28 while the highest price target suggested by the analysts is 40.00 and low price target is 19.00. The mean price target is calculated keeping in view the consensus of 9 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Cree, Inc. (NASDAQ:CREE) stands at 0.19 while the EPS for the current year is fixed at 0.86 by 14 analysts.

The next one year’s EPS estimate is set at 1.03 by 15 analysts while a year ago the analysts suggested the company’s EPS at 0.86. The analysts also projected the company’s long-term growth at 30.35% for the upcoming five years.

In its latest quarter ended on 31^st March 2016, Cree, Inc. (NASDAQ:CREE) reported earnings of $0.17. The posted earnings topped the analyst’s consensus by $0.03 with the surprise factor of 21.40%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 9, 2016 Cree, Inc. (NASDAQ:CREE) LN Series suspended luminaire is now available to ship. With its stunning architectural design and breakthrough WaveMax™ Technology, the Cree® LN Series suspended luminaire creates better light from every angle: beautiful and efficient, simple to install, and unexpectedly affordable. Unlike direct linear lighting, this new technology solution from Cree eliminates glare and unattractive ceiling contrasts known as the “cave effect,” in which ceilings appear darker than the work spaces below, causing potential discomfort and eyestrain.

“Cree continues to demonstrate that LED technology can provide fundamentally superior light experiences that go beyond energy and maintenance savings, to help improve your comfort, productivity and safety,” said David Elien, Cree senior vice president, lighting. “The Cree® LN Series suspended luminaire challenges the possibilities of today’s lighting, with a stunning new form factor that’s intelligent in both design and function, delivering a game-changing combination of control, uniformity and efficiency for the finest visual experience.”

As the first indirect/direct luminaire from Cree, the LN Series delivers 60 percent of its light upward to dispel the striped ceiling contrasts common with direct and indirect uplight fixtures, resulting in superb illumination to the task surface for greater productivity and heightened alertness. Boasting a unique modular light engine for easier job design, specification and installation, the new Cree LN Series suspended luminaire is perfect for both new construction and retrofit applications.

“The Cree® LN Series luminaire creates uniform lighting on work surfaces and its ability to dim allows for flexibility in daily tasks. The form of the light is simple and the lens allows daylight to shine through when the lights are turned off,” said Jeffrey Paine, Founding Partner at Duda|Paine Architects in Durham, NC.