News Recap: Chicago Bridge & Iron Company N.V. (NYSE:CBI), Rackspace Hosting, Inc.(NYSE:RAX), Cree, Inc.(NASDAQ:CREE)

Lakeway, NY -- (SBWIRE) -- 03/21/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Chicago Bridge & Iron Company N.V. (NYSE:CBI) shares jumped 2.76% and closed at $58.38. The company will begin trading ex-dividend on March 14, 2013. A cash dividend payment of $0.05 per share is scheduled to be paid on March 28, 2013. Shareholders who purchased CBI stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 9th quarter that CBI has paid the same dividend.

Additionally, the company will host its Investor Day in New York, N.Y., on Thursday, March 28 at 8 a.m. Eastern time.

How Should Investors Trade CBI After The Recent Price movement? Find out Here

Rackspace Hosting, Inc.(NYSE:RAX) shares climbed 2.76% to $51.47. Research analysts at RBC Capital dropped their target price on shares of RAX from $74.00 to $63.00 in a report released on Mar. 19. The firm currently has an “outperform” rating on the stock.

Additionally, the company, on Mar. 13, announced it has received global security certifications and compliance verifications for Service Organization Controls SOC 2 Type II and SOC 3, in addition to complying with the ISO 27001 standard. These credentials demonstrate Rackspace's commitment to delivering a secure, open cloud experience for customers.

Is RAX a Strong Buying Opportunity After The Recent Slump? Find out Here

Cree, Inc.(NASDAQ:CREE) shares increased 2.62% to $54.17. The company, on Mar. 13, announced the release of its second generation SiC MOSFET enabling systems to have higher efficiency and smaller size at cost parity with silicon-based solutions.

Additionally, the company on March 5, raised its adjusted earnings guidance for the third quarter to a range of $0.31 to $0.36 per share versus the prior forecast in the $0.30 to $0.35 per share range. The company also raised its third-quarter revenue guidance to a range of $335 million to $350 million versus the prior estimate between $325 million and $345 million. The consensus estimates are for EPS of $0.33 and revenues of $336.06 million.

How Should Investors Trade CREE After The Recent Price movement? Find out Here

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