The firm has "Buy" rating by Stifel Nicolaus given on Friday, February 12.
Among 4 analysts covering Cray (NASDAQ:CRAY), 3 have Buy rating, 0 Sell and 1 Hold. Two analysts have provided estimates for Cray's earnings, with the highest EPS estimate coming in at ($0.51) and the lowest estimate coming in at ($0.56). Cray posted earnings per share of ($0.33) during the same quarter last year, which would suggest a negative year over year growth rate of 63.6%. Equities research analysts expect that Cray will post ($1.09) earnings per share for the current fiscal year. Cray Inc now has $696.44 million valuation.
Cray (NASDAQ:CRAY) last released its quarterly earnings data on Tuesday, May 2nd. The technology company reported ($0.71) EPS for the quarter, missing the consensus estimate of ($0.50) by $0.21. Cray had a negative return on equity of 14.90% and a negative net margin of 32.55%. The firm had revenue of $59.03 million for the quarter, compared to analysts' expectations of $56.60 million.
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Cray Inc. (CRAY) formed double bottom with $16.18 target or 7.00% below today's $17.40 share price. Finally, Needham & Company LLC reiterated 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. TheStreet downgraded shares of Cray from a "c" rating to a "d+" rating in a research report on Wednesday, May 3rd. Zacks Investment Research downgraded shares of Cray from a "hold" rating to a "sell" rating in a report on Tuesday, May 9th.
Media stories about Cray (NASDAQ:CRAY) have trended positive on Friday, Accern Sentiment reports. Two analysts have rated the stock with a sell rating and four have given a buy rating to the company's stock. Needham has "Buy" rating and $31 target. (NASDAQ:CRAY). Capstone Asset Mgmt accumulated 0.01% or 9,893 shares. The company's stock had a trading volume of 196,506 shares. The firm's 50-day moving average price is $17.98 and its 200 day moving average price is $19.24. The company has market cap of $676.98 million. Bancorp Of Montreal Can stated it has 0% in Cray Inc. (NASDAQ:CRAY) to report earnings on August, 1. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & worldwide copyright & trademark legislation. The original version of this piece can be read at https://baseballnewssource.com/markets/zacks-brokerages-expect-cray-inc-cray-will-announce-earnings-of-0-54-per-share-updated-updated-updated/956601.html. The shares were sold at an average price of $18.55, for a total transaction of $37,100.00. Following the transaction, the director now owns 20,675 shares of the company's stock, valued at $383,521.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.00% of the company's stock. Hedge funds and other institutional investors own 94.99% of the company's stock. (NASDAQ:CRAY). First Washington Corp invested in 1.6% or 141,040 shares. First Interstate Bank now owns 6,065 shares of the technology company's stock worth $133,000 after buying an additional 910 shares during the period. Norges Bank acquired a new position in shares of Cray during the fourth quarter worth $18,645,000. The Cortina Asset Management Llc holds 395,128 shares with $8.18 million value, up from 280,439 last quarter. Mason Street Advisors LLC increased its stake in Cray by 7.0% 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. Paradigm Capital stated it has 1.52% of its portfolio in Cray Inc. The California-based Wells Fargo & Mn has invested 0.01% in Cray Inc.
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