BidaskClub upgraded shares of Cray Inc (NASDAQ:CRAY) from a strong sell rating to a sell rating in a research note released on Tuesday, August 1st.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut Cray from a hold rating to a sell rating in a report on Tuesday, May 9th. TheStreet cut Cray from a c rating to a d+ rating in a report on Wednesday, May 3rd. Needham & Company LLC reissued a buy rating and set a $23.00 price target (down from $25.00) on shares of Cray in a report on Wednesday, May 3rd. Finally, ValuEngine raised Cray from a strong sell rating to a sell rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $26.50.
Shares of Cray (CRAY) traded down 0.25% during trading on Tuesday, hitting $19.80. The stock had a trading volume of 278,824 shares. Cray has a 1-year low of $16.10 and a 1-year high of $25.32. The firm has a market capitalization of $795.11 million, a P/E ratio of 295.52 and a beta of 1.62. The stock’s 50-day moving average price is $18.89 and its 200 day moving average price is $19.06.
Cray (NASDAQ:CRAY) last announced its earnings results on Thursday, July 27th. The technology company reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.54) by $0.34. Cray had a negative return on equity of 1.03% and a net margin of 0.47%. The company had revenue of $87.10 million for the quarter, compared to analysts’ expectations of $60.18 million. During the same period last year, the firm earned ($0.29) EPS. Cray’s revenue for the quarter was down 13.1% compared to the same quarter last year. On average, analysts anticipate that Cray will post ($1.18) earnings per share for the current year.
A number of large investors have recently bought and sold shares of CRAY. BlackRock Inc. boosted its stake in Cray by 141,789.6% in the first quarter. BlackRock Inc. now owns 5,024,309 shares of the technology company’s stock worth $110,032,000 after buying an additional 5,020,768 shares in the last quarter. Norges Bank purchased a new position in shares of Cray during the fourth quarter worth $18,645,000. Dimensional Fund Advisors LP raised its position in shares of Cray by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,959,980 shares of the technology company’s stock worth $36,064,000 after buying an additional 326,742 shares during the last quarter. American Century Companies Inc. raised its position in shares of Cray by 45.6% in the second quarter. American Century Companies Inc. now owns 932,303 shares of the technology company’s stock worth $17,154,000 after buying an additional 291,869 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Cray by 8.7% in the first quarter. Vanguard Group Inc. now owns 3,501,431 shares of the technology company’s stock worth $76,682,000 after buying an additional 279,435 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.
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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