catastrophe......price targets mostly staying well over $50 too, with buys and outperforms.
Already lot of shorts in CREE and with lower guidance plus a PE of 45, it appears that it will go to the 43's.
Have you seen the premarket?
If it goes below $43 I see no reason not to buy and ride it back up to the fifties. If profit continues to grow theres no reason to panic, once profit starts to fall its over. that goes for almost any stock with no dividend.