Equities analysts expect Cray Inc (NASDAQ:CRAY) to announce sales of $59.50 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Cray’s earnings, with the lowest sales estimate coming in at $59.00 million and the highest estimate coming in at $60.00 million. Cray reported sales of $77.45 million in the same quarter last year, which indicates a negative year-over-year growth rate of 23.2%. The business is scheduled to announce its next earnings report on Monday, November 6th.
According to Zacks, analysts expect that Cray will report full-year sales of $59.50 million for the current year, with estimates ranging from $400.00 million to $400.20 million. For the next year, analysts expect that the business will report sales of $450.55 million per share, with estimates ranging from $440.00 million to $461.10 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Cray.
Cray (NASDAQ:CRAY) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.54) by $0.34. The company had revenue of $87.10 million for 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%. Cray’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.29) earnings per share.
CRAY has been the subject of several research analyst reports. Zacks Investment Research upgraded Cray from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub lowered Cray from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. ValuEngine upgraded Cray from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $26.00 price target on shares of Cray in a research report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Cray has a consensus rating of “Hold” and a consensus price target of $24.50.
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Cray (NASDAQ:CRAY) opened at 18.80 on Wednesday. The company has a 50 day moving average of $19.13 and a 200 day moving average of $18.94. Cray has a 52-week low of $16.10 and a 52-week high of $25.32. The company has a market capitalization of $754.95 million, a PE ratio of 280.60 and a beta of 1.66.
Large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its holdings in Cray by 4.8% in the first quarter. Ameriprise Financial Inc. now owns 212,960 shares of the technology company’s stock valued at $4,665,000 after purchasing an additional 9,820 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Cray by 13.1% in the second quarter. Oppenheimer & Co. Inc. now owns 90,500 shares of the technology company’s stock valued at $1,665,000 after purchasing an additional 10,500 shares during the period. Principal Financial Group Inc. boosted its holdings in Cray by 3.6% in the first quarter. Principal Financial Group Inc. now owns 309,625 shares of the technology company’s stock valued at $6,781,000 after purchasing an additional 10,763 shares during the period. Mason Street Advisors LLC boosted its holdings in Cray by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,525 shares of the technology company’s stock valued at $209,000 after purchasing an additional 621 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Cray by 1.0% in the first quarter. Legal & General Group Plc now owns 70,704 shares of the technology company’s stock valued at $1,548,000 after purchasing an additional 734 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.
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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