That's gonna leave a mark.
After hours the stock is down $9.72 (15.5%) to $52.99 after closing down 1.66% during regular trading.
Piper made the rookie mistake of flapping their lips on earnings report day:
Piper Jaffray Raises Price Target On Cree (CREE)
while Rosenbaum at TheStreet and Ray at Barron's TechTraderDaily reported, respectively: