Cray (NASDAQ:CRAY) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Tuesday.
Other equities research analysts also recently issued reports about the company. BidaskClub downgraded Cray from a “hold” rating to a “sell” rating in a research report on Saturday, August 4th. Zacks Investment Research downgraded Cray from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.00.
Shares of CRAY stock opened at $21.10 on Tuesday. Cray has a 1 year low of $17.90 and a 1 year high of $28.60. The company has a market cap of $885.94 million, a price-to-earnings ratio of -20.89 and a beta of 1.50.
Cray (NASDAQ:CRAY) last issued its quarterly earnings data on Tuesday, July 31st. The technology company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.13. Cray had a negative return on equity of 8.18% and a negative net margin of 32.22%. The business had revenue of $120.20 million for the quarter, compared to the consensus estimate of $108.68 million. During the same period in the prior year, the business posted ($0.20) earnings per share. The company’s quarterly revenue was up 38.0% compared to the same quarter last year. equities research analysts predict that Cray will post -1.02 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fortis Advisors LLC bought a new position in shares of Cray during the first quarter valued at approximately $106,000. Teacher Retirement System of Texas bought a new position in shares of Cray during the second quarter valued at approximately $202,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Cray during the second quarter valued at approximately $212,000. Miles Capital Inc. bought a new position in shares of Cray during the first quarter valued at approximately $226,000. Finally, Eqis Capital Management Inc. bought a new position in shares of Cray during the second quarter valued at approximately $230,000. 96.99% of the stock is currently owned by hedge funds and other institutional investors.
Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing systems, and data analytics and artificial intelligence solutions. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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