BidaskClub cut shares of Cray Inc (NASDAQ:CRAY) from a sell rating to a strong sell rating in a report issued on Tuesday, July 11th.
A number of other brokerages have also recently issued reports on CRAY. Needham & Company LLC reiterated a buy rating and set a $23.00 price objective (down from $25.00) on shares of Cray in a report on Wednesday, May 3rd. ValuEngine upgraded shares of Cray from a strong sell rating to a sell rating in a report on Friday, June 2nd. TheStreet cut shares of Cray from a c rating to a d+ rating in a report on Wednesday, May 3rd. Finally, Zacks Investment Research upgraded shares of Cray from a sell rating to a hold rating in a report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $26.50.
Shares of Cray (NASDAQ CRAY) traded down 0.25% during midday trading on Tuesday, hitting $19.80. The stock had a trading volume of 278,824 shares. Cray has a 52 week low of $16.10 and a 52 week high of $25.32. The stock has a 50-day moving average of $18.89 and a 200 day moving average of $19.06. The stock has a market cap of $795.11 million, a PE ratio of 295.52 and a beta of 1.62.
Cray (NASDAQ:CRAY) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.34. The firm had revenue of $87.10 million during the quarter, compared to analysts’ expectations of $60.18 million. Cray had a net margin of 0.47% and a negative return on equity of 1.03%. The business’s revenue was down 13.1% on a year-over-year basis. During the same period last year, the company earned ($0.29) earnings per share. Analysts anticipate that Cray will post ($1.18) EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRAY. State of New Jersey Common Pension Fund D raised its stake in shares of Cray by 17.8% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,455,000 shares of the technology company’s stock valued at $31,865,000 after buying an additional 220,000 shares in the last quarter. New Jersey Better Educational Savings Trust increased its position in Cray by 25.0% in the first quarter. New Jersey Better Educational Savings Trust now owns 20,000 shares of the technology company’s stock valued at $438,000 after buying an additional 4,000 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Cray by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the technology company’s stock valued at $364,000 after buying an additional 200 shares during the last quarter. Deane Retirement Strategies Inc. acquired a new position in Cray during the first quarter valued at $1,798,000. Finally, Teachers Advisors LLC increased its position in Cray by 8.2% in the fourth quarter. Teachers Advisors LLC now owns 1,046,416 shares of the technology company’s stock valued at $21,661,000 after buying an additional 79,317 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.
Cray Company Profile
Cray Inc is engaged in designing, developing, manufacturing, marketing and servicing the high performance computing (HPC) market, primarily categories of systems known as supercomputers. The Company’s segments include Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other.
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