Cray Inc (NASDAQ:CRAY) is scheduled to post its quarterly earnings results after the market closes on Monday, July 31st. Analysts expect Cray to post earnings of ($0.53) per share for the quarter.

Cray (NASDAQ:CRAY) last released its quarterly earnings results on Tuesday, May 2nd. The technology company reported ($0.71) earnings per share for the quarter, missing the consensus estimate of ($0.50) by $0.21. The firm had revenue of $59.03 million during the quarter, compared to the consensus estimate of $56.60 million. Cray had a negative return on equity of 2.02% and a negative net margin of 0.61%. On average, analysts expect Cray to post $-1.15 EPS for the current fiscal year and $-0.35 EPS for the next fiscal year.

Cray Inc (CRAY) opened at 18.55 on Monday. The company’s market cap is $742.20 million. The stock has a 50 day moving average of $18.09 and a 200 day moving average of $18.99. Cray Inc has a 12-month low of $16.10 and a 12-month high of $32.24.

In related news, Director Stephen C. Kiely sold 2,000 shares of Cray stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $18.55, for a total transaction of $37,100.00. Following the transaction, the director now owns 20,675 shares in the company, valued at approximately $383,521.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.00% of the stock is currently owned by insiders.

A number of research firms recently weighed in on CRAY. Zacks Investment Research cut shares of Cray from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. TheStreet cut shares of Cray from a “c” rating to a “d+” rating in a research note on Wednesday, May 3rd. ValuEngine upgraded shares of Cray from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Cray from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $23.00 target price (down previously from $25.00) on shares of Cray in a research note on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $32.25.

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Cray Company Profile

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.

Earnings History for Cray (NASDAQ:CRAY)

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