Cray (NASDAQ:CRAY) will release its earnings data after the market closes on Tuesday, February 6th. Analysts expect Cray to post earnings of $0.25 per share for the quarter.
Cray (NASDAQ:CRAY) last issued its quarterly earnings results on Monday, October 30th. The technology company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.49) by $0.16. The company had revenue of $79.70 million during the quarter, compared to analysts’ expectations of $59.67 million. Cray had a net margin of 2.71% and a return on equity of 0.73%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned ($0.49) EPS. On average, analysts expect Cray to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Cray (NASDAQ:CRAY) opened at $23.25 on Monday. The firm has a market cap of $940.18, a P/E ratio of 62.84 and a beta of 1.53. Cray has a 52 week low of $16.50 and a 52 week high of $26.65.
Several brokerages have recently weighed in on CRAY. BidaskClub cut shares of Cray from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Zacks Investment Research raised shares of Cray from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, January 23rd. KeyCorp reaffirmed a “buy” rating and set a $31.00 price target on shares of Cray in a research note on Friday, January 19th. TheStreet raised shares of Cray from a “d+” rating to a “c-” rating in a research note on Monday, November 27th. Finally, ValuEngine raised shares of Cray from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. Cray has a consensus rating of “Buy” and a consensus price target of $26.80.
In other news, SVP Michael Charles Piraino sold 30,000 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $22.61, for a total value of $678,300.00. Following the completion of the sale, the senior vice president now owns 72,384 shares of the company’s stock, valued at approximately $1,636,602.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Charles A. Morreale sold 42,680 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $19.37, for a total value of $826,711.60. The disclosure for this sale can be found here. In the last three months, insiders sold 73,780 shares of company stock valued at $1,530,312. 4.00% of the stock is currently owned by insiders.
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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.
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