Wall Street analysts expect Cray Inc (NASDAQ:CRAY) to announce ($0.49) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Cray’s earnings. The lowest EPS estimate is ($0.51) and the highest is ($0.47). Cray also reported earnings of ($0.49) per share during the same quarter last year. The company is expected to issue its next quarterly earnings report on Monday, November 6th.

On average, analysts expect that Cray will report full-year earnings of ($1.13) per share for the current financial year, with EPS estimates ranging from ($1.14) to ($1.12). For the next financial year, analysts forecast that the business will post earnings of ($0.77) per share, with EPS estimates ranging from ($0.96) to ($0.58). Zacks’ earnings per share averages are an average based on a survey of analysts that cover Cray.

Cray (NASDAQ:CRAY) last announced its earnings results on Thursday, July 27th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.54) by $0.34. The company had revenue of $87.10 million during the quarter, compared to analysts’ expectations of $60.18 million. Cray had a net margin of 0.47% and a negative return on equity of 1.03%. Cray’s quarterly revenue was down 13.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.29) earnings per share.

Several research analysts have recently weighed in on CRAY shares. BidaskClub downgraded Cray from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. ValuEngine upgraded Cray from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $26.00 price target on shares of Cray in a research note on Wednesday, August 16th. Finally, Zacks Investment Research upgraded Cray from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Cray presently has an average rating of “Hold” and an average target price of $24.50.

Shares of Cray (NASDAQ:CRAY) traded down 0.53% during midday trading on Monday, hitting $18.65. 14,063 shares of the stock were exchanged. The firm has a market capitalization of $748.93 million, a price-to-earnings ratio of 278.36 and a beta of 1.66. Cray has a 1-year low of $16.10 and a 1-year high of $25.32. The stock’s 50-day moving average price is $19.13 and its 200-day moving average price is $18.94.

A number of hedge funds and other institutional investors have recently modified their holdings of CRAY. BlackRock Inc. boosted its stake in Cray by 141,789.6% in the 1st quarter. BlackRock Inc. now owns 5,024,309 shares of the technology company’s stock worth $110,032,000 after purchasing an additional 5,020,768 shares during the period. Dimensional Fund Advisors LP boosted its stake in Cray by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,959,980 shares of the technology company’s stock worth $36,064,000 after purchasing an additional 326,742 shares during the period. American Century Companies Inc. boosted its stake in Cray by 45.6% in the 2nd quarter. American Century Companies Inc. now owns 932,303 shares of the technology company’s stock worth $17,154,000 after purchasing an additional 291,869 shares during the period. Vanguard Group Inc. boosted its stake in Cray by 8.7% in the 1st quarter. Vanguard Group Inc. now owns 3,501,431 shares of the technology company’s stock worth $76,682,000 after purchasing an additional 279,435 shares during the period. Finally, Senvest Management LLC bought a new position in Cray in the 2nd quarter worth about $4,600,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

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About Cray

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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