Cray Inc. Hits New 52-Week High at $32.70 (CRAY)
Cray (NASDAQ:CRAY)’s share price reached a new 52-week high during trading on Tuesday, StockRatingsNetwork reports. The stock traded as high as $32.70 and last traded at $30.49, with a volume of 1,589,689 shares traded. The stock had previously closed at $27.16.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Cray from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 2nd. They now have a $26.10 price target on the stock. Separately, analysts at Needham & Company raised their price target on shares of Cray from $28.00 to $30.00 in a research note to investors on Tuesday, November 12th. They now have a “buy” rating on the stock. Finally, analysts at Sidoti initiated coverage on shares of Cray in a research note to investors on Wednesday, October 16th. They set a “buy” rating on the stock.
Cray has a 52 week low of $16.11 and a 52 week high of $28.59. The stock has a 50-day moving average of $24.10 and a 200-day moving average of $23.82. The company’s market cap is $1.190 billion.
Cray (NASDAQ:CRAY) last announced its earnings results on Monday, November 11th. The company reported ($0.35) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.12) by $0.23. The company had revenue of $54.40 million for the quarter, compared to the consensus estimate of $89.88 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The company’s quarterly revenue was up 52.7% on a year-over-year basis. Analysts expect that Cray will post $0.64 EPS for the current fiscal year.
Cray Inc designs, develops, manufactures, markets and services high-performance computing (NASDAQ:CRAY), systems, including categories of systems commonly known as supercomputers and/or clusters, and provide storage solutions, software and engineering services related to HPC systems to its customers, which include government agencies and government-funded entities, academic institutions and commercial entities.
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