Cray Inc (NASDAQ:CRAY) – Equities researchers at Craig Hallum issued their Q1 2017 EPS estimates for shares of Cray in a research note issued on Monday. Craig Hallum analyst C. Bennett forecasts that the firm will post earnings of ($0.30) per share for the quarter. Craig Hallum also issued estimates for Cray’s Q2 2017 earnings at ($0.31) EPS, Q3 2017 earnings at ($0.33) EPS, Q4 2017 earnings at $0.96 EPS and FY2017 earnings at $0.05 EPS.

CRAY has been the topic of several other reports. Needham & Company LLC restated a “top pick” rating and set a $25.00 target price on shares of Cray in a research report on Monday, December 12th. Zacks Investment Research raised shares of Cray from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. Stifel Nicolaus reissued a “buy” rating and issued a $30.00 price objective (down from $40.00) on shares of Cray in a research report on Monday, November 7th. Finally, TheStreet lowered shares of Cray from a “hold” rating to a “sell” rating in a research report on Wednesday, November 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $35.67.

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Cray (NASDAQ:CRAY) opened at 18.60 on Thursday. Cray has a 1-year low of $16.77 and a 1-year high of $43.79. The firm has a 50-day moving average price of $20.10 and a 200 day moving average price of $23.37. The firm’s market cap is $743.40 million.

Cray (NASDAQ:CRAY) last released its earnings results on Monday, November 7th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.34) by $0.15. Cray had a negative net margin of 3.79% and a negative return on equity of 2.19%. The company earned $77.50 million during the quarter, compared to analyst estimates of $79.53 million. During the same period in the previous year, the company posted $0.48 EPS. The company’s quarterly revenue was down 59.5% compared to the same quarter last year.

A number of hedge funds have recently bought and sold shares of CRAY. Acrospire Investment Management LLC raised its stake in Cray by 457.1% in the second quarter. Acrospire Investment Management LLC now owns 3,900 shares of the company’s stock worth $117,000 after buying an additional 3,200 shares during the period. BlackRock Inc. raised its stake in Cray by 30.5% in the second quarter. BlackRock Inc. now owns 3,936 shares of the company’s stock worth $118,000 after buying an additional 919 shares during the period. Tower Research Capital LLC TRC raised its stake in Cray by 3,382.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,666 shares of the company’s stock worth $140,000 after buying an additional 4,532 shares during the period. PineBridge Investments L.P. raised its stake in Cray by 4.0% in the second quarter. PineBridge Investments L.P. now owns 5,169 shares of the company’s stock worth $154,000 after buying an additional 198 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in Cray by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,699 shares of the company’s stock worth $171,000 after buying an additional 686 shares during the period. 86.77% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Cray Inc to Post Q1 2017 Earnings of ($0.30) Per Share, Craig Hallum Forecasts (CRAY)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US & international trademark & copyright law. The legal version of this piece of content can be read at http://www.dailypolitical.com/2017/01/14/cray-inc-to-post-q1-2017-earnings-of-0-30-per-share-craig-hallum-forecasts-cray.html.

In related news, SVP Charles A. Morreale sold 6,455 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $19.50, for a total value of $125,872.50. Following the sale, the senior vice president now directly owns 89,565 shares of the company’s stock, valued at approximately $1,746,517.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.00% of the stock is currently owned by corporate insiders.

Cray Company Profile

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.

5 Day Chart for NASDAQ:CRAY

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