Somewhat Positive Media Coverage Somewhat Unlikely to Impact Cray (CRAY) Stock Price

Media headlines about Cray (NASDAQ:CRAY) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news 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 negative one to one, with scores nearest to one being the most favorable. Cray earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.1749028462949 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Several research analysts have weighed in on the stock. Craig Hallum raised shares of Cray from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. ValuEngine raised shares of Cray from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. KeyCorp reissued a “buy” rating and set a $24.00 price objective on shares of Cray in a report on Wednesday, November 1st. BidaskClub raised shares of Cray from a “sell” rating to a “hold” rating in a report on Friday, December 15th. Finally, Zacks Investment Research raised shares of Cray from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $24.40.

Cray (NASDAQ CRAY) opened at $25.55 on Friday. The firm has a market cap of $1,025.10, a price-to-earnings ratio of 69.05 and a beta of 1.69. Cray has a fifty-two week low of $16.10 and a fifty-two week high of $26.65.

Cray (NASDAQ:CRAY) last announced its quarterly earnings data on Monday, October 30th. The technology company reported ($0.33) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.49) by $0.16. The company had revenue of $79.70 million during the quarter, compared to analyst estimates of $59.67 million. Cray had a net margin of 2.71% and a return on equity of 0.73%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the business earned ($0.49) EPS. research analysts anticipate that Cray will post -1.14 EPS for the current year.

In other news, SVP Michael Charles Piraino sold 1,100 shares of Cray stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $23.00, for a total value of $25,300.00. Following the completion of the transaction, the senior vice president now directly owns 43,484 shares of the company’s stock, valued at approximately $1,000,132. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Charles A. Morreale sold 42,680 shares of Cray stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $19.37, for a total transaction of $826,711.60. The disclosure for this sale can be found here. Insiders sold a total of 74,005 shares of company stock valued at $1,534,913 over the last ninety days. Company insiders own 4.00% of the company’s stock.

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About Cray

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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