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Analyst Highlights Three Main Factors For Cree's Q3 Guidance Cut; Stock Falls ~20%

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Cree, Inc. NASDAQ:CREE - Analyst Highlights Three Main Factors For Cree's Q3 Guidance Cut; Stock Falls ~20%

Cree, Inc. CREE pre-announced its F3Q results, with the revenue and EPS below the guidance, driven by lower lighting product revenues.

Summit Research’s Srini Sundararajan maintains a Hold rating on the company, while lowering the price target from $30 to $25.

F3Q Pre-Announcement

The company pre-announced its F3Q revenue at $376 million, below the...


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