According to Zacks, “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. The Supercomputing segment includes a suite of supercomputer systems, which are used by engineering centers in universities, government laboratories, and commercial institutions. The Storage and Data Management segment includes Cray Data Warp and Sonexion, as well as other third-party storage products and their ongoing maintenance and system analysts. The Maintenance and Support segment provides ongoing maintenance of Cray supercomputers, big data storage and analytics systems, as well as system analysts. The Engineering Services and Other segment include the Company’s analytics business and Custom Engineering. “
Several other equities research analysts have also recently commented on the company. Craig Hallum cut Cray from a buy rating to a hold rating in a research note on Friday, May 17th. Wells Fargo & Co set a $9.00 price target on Bausch Health Companies and gave the stock a sell rating in a research note on Friday, May 17th. ValuEngine cut Zymeworks from a buy rating to a hold rating in a research note on Saturday, May 18th. TheStreet upgraded ExOne from a d rating to a c rating in a research note on Thursday, March 14th. Finally, BidaskClub upgraded Misonix from a buy rating to a strong-buy rating in a research report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $33.00.
Cray (NASDAQ:CRAY) last released its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.63) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.54) by ($0.09). Cray had a negative return on equity of 17.89% and a negative net margin of 16.99%. The company had revenue of $71.55 million for the quarter, compared to analysts’ expectations of $70.67 million. During the same quarter last year, the company earned ($0.53) EPS. Cray’s revenue for the quarter was down 10.1% compared to the same quarter last year. Sell-side analysts expect that Cray will post -1.77 EPS for the current fiscal year.
In other Cray news, CFO Brian C. Henry sold 3,591 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $30.00, for a total value of $107,730.00. Following the completion of the transaction, the chief financial officer now owns 66,955 shares in the company, valued at $2,008,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian C. Henry sold 36,000 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $28.97, for a total value of $1,042,920.00. Following the completion of the transaction, the vice president now owns 106,546 shares of the company’s stock, valued at approximately $3,086,637.62. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock valued at $2,809,919 in the last quarter. 4.00% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in CRAY. BlackRock Inc. increased its position in shares of Cray by 4.0% in 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 in the last quarter. Bank of New York Mellon Corp increased its position in shares of Cray by 5.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,437,625 shares of the technology company’s stock valued at $31,038,000 after buying an additional 79,637 shares in the last quarter. Turiya Advisors Asia Ltd increased its position in shares of Cray by 30.2% in 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 in the last quarter. Granite Investment Partners LLC increased its position in shares of Cray by 14.9% in the first quarter. Granite Investment Partners LLC now owns 750,610 shares of the technology company’s stock valued at $19,553,000 after buying an additional 97,108 shares in the last quarter. Finally, Emerald Advisers LLC increased its position in shares of Cray by 17.4% in the first quarter. Emerald Advisers LLC now owns 695,563 shares of the technology company’s stock valued at $18,119,000 after buying an additional 103,070 shares in the last quarter. Hedge funds and other institutional investors own 97.34% of the company’s stock.
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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