Several other brokerages also recently issued reports on CRAY. Wells Fargo & Co downgraded shares of Cray from an “outperform” rating to a “market perform” rating in a research note on Friday. Craig Hallum downgraded shares of Cray to a “hold” rating in a research note on Friday. Zacks Investment Research downgraded shares of Cray from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. BidaskClub raised shares of Cray from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, TheStreet raised shares of Cray from a “d+” rating to a “c-” rating in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cray currently has a consensus rating of “Buy” and an average target price of $33.00.
Shares of NASDAQ CRAY opened at $36.52 on Friday. The company has a quick ratio of 2.62, a current ratio of 3.33 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -25.72 and a beta of 1.34. Cray has a 1 year low of $18.76 and a 1 year high of $36.64.
Cray (NASDAQ:CRAY) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.63) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.54) by ($0.09). The firm had revenue of $71.55 million during the quarter, compared to the consensus estimate of $70.67 million. Cray had a negative return on equity of 17.89% and a negative net margin of 16.99%. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.53) EPS. On average, sell-side analysts predict that Cray will post -1.77 earnings per share for the current fiscal year.
In other news, CFO Brian C. Henry sold 3,591 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $30.00, for a total transaction of $107,730.00. Following the transaction, the chief financial officer now directly owns 66,955 shares of the company’s stock, valued at $2,008,650. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Michael Charles Piraino sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $22.20, for a total transaction of $555,000.00. Following the transaction, the senior vice president now directly owns 63,230 shares in the company, valued at $1,403,706. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 214,591 shares of company stock worth $5,083,284. Corporate insiders own 4.00% of the company’s stock.
Large investors have recently modified their holdings of the company. Emerald Advisers LLC purchased a new position in Cray during the fourth quarter valued at approximately $12,792,000. Emerald Mutual Fund Advisers Trust purchased a new position in Cray during the fourth quarter valued at approximately $11,664,000. Norges Bank purchased a new position in Cray during the fourth quarter valued at approximately $5,536,000. BlackRock Inc. increased its holdings in Cray by 4.0% during the fourth quarter. BlackRock Inc. now owns 6,035,363 shares of the technology company’s stock valued at $130,304,000 after buying an additional 234,903 shares during the period. Finally, Turiya Advisors Asia Ltd increased its holdings in Cray by 30.2% during the first quarter. Turiya Advisors Asia Ltd now owns 916,359 shares of the technology company’s stock valued at $23,871,000 after buying an additional 212,309 shares during the period. 99.08% of the stock is currently owned by institutional investors and hedge funds.
Cray Company Profile
Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing products for high-performance computing, data analytics, and AI markets. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.
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