GainersToday.com
GainersToday.com, Tracking Stock Market Picks
Enter Symbol:
 
Cree, Inc. (CREE) [hlAlert]

Rating:
Hold CREE

Cree, Inc. (CREE) downgraded to Hold by Morgan Joseph

Posted on: Thursday,  Jan 14, 2010  8:25 AM ET by Morgan Joseph

Morgan Joseph rated Hold Cree, Inc. (NASDAQ: CREE) on 01/14/2010. Previously Morgan Joseph rated Buy Cree,
Inc. (NASDAQ: CREE) on 10/21/2009., when the stock price was $42.71. Since then, Cree, Inc. has gained 36.01% of its value until Morgan Joseph rated CREE Buy on 01/14/2010, when the price was $58.09. .

Cree, Inc. is a market-leading innovator and manufacturer of semiconductors that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency. Key to Cree's market advantage is its world-class materials expertise in silicon carbide and gallium nitride for chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products. Cree drives its increased performance technology into multiple applications, including exciting alternatives in brighter and more-tunable light for general illumination, backlighting for more-vivid displays, optimized power management for high-current switch-mode power supplies and variable-speed motors, and more-effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting-fixtures makers to defense-related federal agencies.

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/24/2011 9:25 AM Buy
None
43.04 65.00
as of 12/31/2010
1 Week down  -24.57 %
1 Month down  -21.35 %
3 Months down  -5.58 %
1 YTD down  -34.53 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/14/2010 8:25 AM Buy
None
82.13 100.00
1/14/2010 8:25 AM Hold
None
58.09
10/21/2009 8:25 AM Buy
None
42.71 55.00
7/14/2009 8:25 AM Hold
None
27.50

(*) Stock Price at the time of the recommendation.
RSS Feed | |  Facebook |  Twitter |  Google Plus
Home | Terms of Use | Advertise | FAQ | Support Page | Contact Us | About Us | Privacy Policy