Cray (CRAY) Getting Somewhat Favorable Press Coverage, Analysis Shows

News coverage about Cray (NASDAQ:CRAY) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cray earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.7602095461722 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have impacted Accern Sentiment’s analysis:

Cray (CRAY) traded down 3.96% during mid-day trading on Friday, reaching $18.20. 260,770 shares of the company’s stock were exchanged. The firm has a market capitalization of $730.86 million, a P/E ratio of 271.64 and a beta of 1.62. The company’s 50-day moving average is $19.03 and its 200 day moving average is $19.15. Cray has a one year low of $16.10 and a one year high of $25.32.

Cray (NASDAQ:CRAY) last released its quarterly earnings results on Thursday, July 27th. The technology company reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.54) by $0.34. The business had revenue of $87.10 million during the quarter, compared to analyst estimates of $60.18 million. Cray had a net margin of 0.47% and a negative return on equity of 1.03%. The company’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.29) earnings per share. Equities analysts predict that Cray will post ($1.13) earnings per share for the current fiscal year.

Several research analysts recently issued reports on CRAY shares. Needham & Company LLC reiterated a “buy” rating and issued a $23.00 price target (down from $25.00) on shares of Cray in a research note on Wednesday, May 3rd. TheStreet lowered shares of Cray from a “c” rating to a “d+” rating in a research note on Wednesday, May 3rd. Zacks Investment Research lowered shares of Cray from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. ValuEngine upgraded shares of Cray from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, BidaskClub lowered shares of Cray from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $24.50.

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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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