BidaskClub upgraded shares of Cray Inc (NASDAQ:CRAY) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday, August 1st.

CRAY has been the topic of several other reports. Zacks Investment Research cut Cray from a hold rating to a sell rating in a report on Tuesday, May 9th. TheStreet cut Cray from a c rating to a d+ rating in a report on Wednesday, May 3rd. ValuEngine raised Cray from a strong sell rating to a sell rating in a report on Friday, June 2nd. Finally, Needham & Company LLC reissued 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. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $26.50.

Shares of Cray (NASDAQ CRAY) traded down 0.25% during mid-day trading on Tuesday, hitting $19.80. The company’s stock had a trading volume of 278,824 shares. Cray has a 52-week low of $16.10 and a 52-week high of $25.32. The stock’s 50 day moving average price is $18.89 and its 200 day moving average price is $19.06. The company has a market cap of $795.11 million, a price-to-earnings ratio of 295.52 and a beta of 1.62.

Cray (NASDAQ:CRAY) last released its quarterly earnings results on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.34. The firm had revenue of $87.10 million for the quarter, compared to analysts’ expectations of $60.18 million. Cray had a negative return on equity of 1.03% and a net margin of 0.47%. The company’s revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.29) EPS. Equities analysts forecast that Cray will post ($1.18) EPS for the current year.

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A number of institutional investors have recently made changes to their positions in CRAY. Louisiana State Employees Retirement System boosted its position in shares of Cray by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the technology company’s stock worth $364,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Cray by 1.0% in the first quarter. Arizona State Retirement System now owns 21,200 shares of the technology company’s stock worth $464,000 after buying an additional 200 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Cray by 3.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,620 shares of the technology company’s stock worth $177,000 after buying an additional 330 shares in the last quarter. Mason Street Advisors LLC boosted its position in shares of Cray by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,525 shares of the technology company’s stock worth $209,000 after buying an additional 621 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of Cray by 5.6% in the first quarter. US Bancorp DE now owns 13,166 shares of the technology company’s stock worth $289,000 after buying an additional 700 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

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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