2. As of noon trading, Cree ( CREE) is down $0.65 (-0.9%) to $67.90 on light volume. Thus far, 834,496 shares of Cree exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $67.62-$69.82 after having opened the day at $68.70 as compared to the previous trading day's close of $68.55. Cree, Inc. develops and manufactures lighting-class light emitting diode (LED) products, lighting products, and semiconductor products for power and radio-frequency (RF) applications. Cree has a market cap of $7.9 billion and is part of the technology sector. Shares are up 97.6% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Cree a buy, 3 analysts rate it a sell, and 5 rate it a hold. TheStreet Ratings rates Cree as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Cree Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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