2. As of noon trading, Cree ( CREE) is down $1.20 (-1.9%) to $61.71 on average volume. Thus far, 815,646 shares of Cree exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $60.90-$62.61 after having opened the day at $61.84 as compared to the previous trading day's close of $62.91.

Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, and Taiwan. Cree has a market cap of $7.4 billion and is part of the technology sector. Shares are up 0.6% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Cree a buy, 2 analysts rate it a sell, and 9 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Cree Ratings Report now.

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