Cray Inc. (CRAY) Receives $26.80 Consensus Target Price from Brokerages
Shares of Cray Inc. (NASDAQ:CRAY) have received an average rating of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $26.50.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded 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 restated a “buy” rating and issued a $31.00 price target on shares of Cray in a research note on Friday, January 19th. BidaskClub upgraded Cray from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. ValuEngine upgraded Cray from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, TheStreet upgraded Cray from a “d+” rating to a “c-” rating in a research note on Monday, November 27th.
In other Cray news, SVP Michael Charles Piraino sold 1,100 shares of Cray stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $23.00, for a total value of $25,300.00. Following the completion of the transaction, the senior vice president now directly owns 43,484 shares of the company’s stock, valued at approximately $1,000,132. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.00% of the stock is owned by insiders.
Shares of Cray (NASDAQ CRAY) traded down $0.75 during midday trading on Tuesday, hitting $23.40. The stock had a trading volume of 1,175,330 shares, compared to its average volume of 288,686. Cray has a one year low of $16.50 and a one year high of $26.65. The company has a market cap of $947.14, a P/E ratio of -7.05 and a beta of 1.53.
Cray (NASDAQ:CRAY) last issued its earnings results on Thursday, February 15th. The technology company reported $0.22 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. The company had revenue of $166.60 million during the quarter, compared to the consensus estimate of $164.03 million. Cray had a negative return on equity of 8.08% and a negative net margin of 34.10%. The firm’s revenue for the quarter was down 51.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.38 EPS. sell-side analysts forecast that Cray will post -0.74 EPS for the current fiscal year.
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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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