Cray Inc. (NASDAQ:CRAY)’s share price traded up 3.9% on Friday . The company traded as high as $22.72 and last traded at $22.16, with a volume of 964,729 shares. The stock had previously closed at $21.33.

A number of equities analysts have weighed in on the company. Sidoti upgraded Cray from a “neutral” rating to a “buy” rating and set a $49.00 price target for the company in a report on Tuesday, April 19th. Needham & Company LLC cut Cray from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Craig Hallum cut Cray from a “buy” rating to a “hold” rating and decreased their price target for the stock from $40.00 to $34.00 in a report on Wednesday, May 4th. Stifel Nicolaus restated a “buy” rating and issued a $49.00 price target on shares of Cray in a report on Wednesday, May 25th. Finally, Zacks Investment Research cut Cray from a “hold” rating to a “strong sell” rating in a report on Monday, May 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $39.43.

The firm has a market capitalization of $883.01 million and a P/E ratio of 70.41. The company’s 50-day moving average is $28.68 and its 200-day moving average is $35.39.

Cray (NASDAQ:CRAY) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by $0.06. The firm earned $100.20 million during the quarter, compared to the consensus estimate of $101.36 million. Cray’s quarterly revenue was down 46.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. On average, equities analysts anticipate that Cray Inc. will post $0.45 earnings per share for the current year.

Other large investors have recently bought and sold shares of the company. Rhumbline Advisers increased its stake in Cray by 9.9% in the fourth quarter. Rhumbline Advisers now owns 43,895 shares of the company’s stock worth $1,424,000 after buying an additional 3,940 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in Cray by 2.0% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 50,330 shares of the company’s stock worth $1,633,000 after buying an additional 1,000 shares during the period. Finally, Paradigm Capital Management Inc. NY increased its stake in Cray by 1.1% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 959,500 shares of the company’s stock worth $31,136,000 after buying an additional 10,000 shares during the period.

Cray Inc designs, develops, manufactures, markets and services the high-end of the high performance computing (HPC) market, primarily categories of systems, known as supercomputers and provides storage and data analytics solutions. The Company provides software, system maintenance, support services and engineering services related to supercomputer systems.

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