Cray Inc (CRAY) Given Consensus Rating of “Hold” by Analysts
Cray Inc (NASDAQ:CRAY) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $24.50.
CRAY has been the subject of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $26.00 target price on shares of Cray in a research report on Wednesday, August 16th. BidaskClub cut Cray from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. ValuEngine upgraded Cray from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research upgraded Cray from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th.
Shares of Cray (NASDAQ:CRAY) opened at 19.55 on Friday. The company has a market cap of $785.07 million, a P/E ratio of 291.79 and a beta of 1.66. Cray has a 12 month low of $16.10 and a 12 month high of $25.32. The stock’s 50 day moving average price is $19.21 and its 200-day moving average price is $18.99.
Cray (NASDAQ:CRAY) last released its earnings results on Thursday, July 27th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.34. Cray had a negative return on equity of 1.03% and a net margin of 0.47%. The firm had revenue of $87.10 million during the quarter, compared to analysts’ expectations of $60.18 million. During the same quarter last year, the business posted ($0.29) earnings per share. The firm’s revenue was down 13.1% on a year-over-year basis. Equities research analysts expect that Cray will post ($1.13) earnings per share for the current year.
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A number of institutional investors have recently made changes to their positions in CRAY. BlackRock Inc. boosted its stake in Cray by 141,789.6% during the first quarter. BlackRock Inc. now owns 5,024,309 shares of the technology company’s stock valued at $110,032,000 after buying an additional 5,020,768 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Cray by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,959,980 shares of the technology company’s stock valued at $36,064,000 after buying an additional 326,742 shares during the last quarter. American Century Companies Inc. boosted its stake in Cray by 45.6% during the second quarter. American Century Companies Inc. now owns 932,303 shares of the technology company’s stock valued at $17,154,000 after buying an additional 291,869 shares during the last quarter. Vanguard Group Inc. boosted its stake in Cray by 8.7% during the first quarter. Vanguard Group Inc. now owns 3,501,431 shares of the technology company’s stock valued at $76,682,000 after buying an additional 279,435 shares during the last quarter. Finally, Senvest Management LLC bought a new position in Cray during the second quarter valued at approximately $4,600,000. 96.23% of the stock is owned by institutional investors.
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.
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