Cray Inc. (NASDAQ:CRAY) has been assigned an average recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $30.50.
CRAY has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Cray from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. ValuEngine downgraded shares of Cray from a “strong-buy” rating to a “buy” rating in a report on Monday, July 30th. Wells Fargo & Co raised their target price on shares of Cray from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, May 2nd. Finally, BidaskClub downgraded shares of Cray from a “hold” rating to a “sell” rating in a report on Saturday, August 4th.
Shares of Cray traded down $0.05, reaching $21.45, during mid-day trading on Tuesday, Marketbeat.com reports. 285,623 shares of the stock were exchanged, compared to its average volume of 317,016. The stock has a market capitalization of $877.78 million, a P/E ratio of -21.24 and a beta of 1.48. Cray has a fifty-two week low of $17.60 and a fifty-two week high of $28.60.
Cray (NASDAQ:CRAY) last issued its quarterly earnings data on Tuesday, July 31st. The technology company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.13. Cray had a negative net margin of 32.22% and a negative return on equity of 8.18%. The firm had revenue of $120.20 million for the quarter, compared to analyst estimates of $108.68 million. During the same quarter in the prior year, the firm earned ($0.20) EPS. The company’s revenue was up 38.0% on a year-over-year basis. equities analysts predict that Cray will post -1.02 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in CRAY. Fortis Advisors LLC acquired a new position in Cray during the first quarter worth about $106,000. Teacher Retirement System of Texas acquired a new position in Cray during the second quarter worth about $202,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Cray during the second quarter worth about $212,000. Eqis Capital Management Inc. bought a new position in shares of Cray in the 2nd quarter worth $230,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in Cray in the 2nd quarter valued at $233,000. 99.32% of the stock is owned by hedge funds and other institutional investors.
Cray Company Profile
Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing systems, and data analytics and artificial intelligence solutions. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.
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