Cray (CRAY) Earns Daily News Impact Rating of 0.20

Headlines about Cray (NASDAQ:CRAY) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cray earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.6234578772506 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

A number of equities analysts have commented on the stock. BidaskClub raised shares of Cray from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research downgraded shares of Cray from a “hold” rating to a “sell” rating in a research note on Monday, January 1st. ValuEngine raised shares of Cray from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. TheStreet upgraded shares of Cray from a “d+” rating to a “c-” rating in a report on Monday, November 27th. Finally, Craig Hallum upgraded shares of Cray from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $24.40.

Shares of Cray (NASDAQ:CRAY) traded up $0.25 during midday trading on Thursday, reaching $25.55. 234,531 shares of the company were exchanged, compared to its average volume of 391,904. The firm has a market cap of $1,020.00, a PE ratio of 102.20 and a beta of 1.69. Cray has a 12-month low of $16.10 and a 12-month high of $26.65.

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

In other news, SVP Charles A. Morreale sold 42,680 shares of Cray stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $19.37, for a total transaction of $826,711.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Michael Charles Piraino sold 1,100 shares of Cray stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $23.00, for a total transaction of $25,300.00. Following the sale, the senior vice president now owns 43,484 shares in the company, valued at approximately $1,000,132. The disclosure for this sale can be found here. Insiders sold 74,005 shares of company stock worth $1,534,913 over the last three months. Corporate insiders own 4.00% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Cray (NASDAQ:CRAY)

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