Cray Inc (NASDAQ:CRAY) released its quarterly earnings data on Thursday. The technology company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.54) by $0.34, Bloomberg Earnings reports. Cray had a negative return on equity of 2.02% and a negative net margin of 0.61%. The company had revenue of $87.10 million for the quarter, compared to analyst estimates of $60.18 million. During the same period last year, the company posted ($0.29) earnings per share. The firm’s revenue was down 13.1% compared to the same quarter last year.
Shares of Cray (NASDAQ:CRAY) traded up 4.74% during mid-day trading on Friday, hitting $19.90. The stock had a trading volume of 758,971 shares. Cray has a one year low of $16.10 and a one year high of $32.22. The firm’s 50 day moving average price is $18.26 and its 200-day moving average price is $18.93. The company has a market cap of $803.36 million, a PE ratio of 297.01 and a beta of 1.60.
Several research firms have commented on CRAY. Zacks Investment Research lowered Cray from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. TheStreet lowered Cray from a “c” rating to a “d+” rating in a research report on Wednesday, May 3rd. BidaskClub raised Cray from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Needham & Company LLC reissued a “buy” rating and issued a $23.00 price objective (down from $25.00) on shares of Cray in a research report on Wednesday, May 3rd. Finally, ValuEngine raised Cray from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Cray currently has a consensus rating of “Hold” and an average target price of $29.33.
In other Cray news, Director Stephen C. Kiely sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $18.55, for a total transaction of $37,100.00. Following the completion of the sale, the director now directly owns 20,675 shares in the company, valued at $383,521.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.00% of the stock is owned by corporate insiders.
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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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