Cray Inc (NASDAQ:CRAY) – Equities research analysts at KeyCorp lifted their Q4 2017 earnings per share estimates for Cray in a research report issued on Monday. KeyCorp analyst A. Kurtz now expects that the technology company will post earnings per share of $0.25 for the quarter, up from their prior estimate of $0.22. KeyCorp currently has a “Buy” rating and a $24.00 price target on the stock. KeyCorp also issued estimates for Cray’s FY2019 earnings at ($0.77) EPS.

CRAY has been the topic of several other research reports. Zacks Investment Research cut Cray from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. BidaskClub cut Cray from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $26.00 price target on shares of Cray in a report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.50.

TRADEMARK VIOLATION NOTICE: This news story was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/11/02/q4-2017-eps-estimates-for-cray-inc-cray-lifted-by-analyst.html. Cray (NASDAQ:CRAY) last issued its quarterly earnings results on Monday, October 30th. The technology company reported ($0.33) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.49) by $0.16. Cray had a net margin of 2.71% and a return on equity of 0.73%. The company had revenue of $79.70 million during the quarter, compared to the consensus estimate of $59.67 million. During the same period in the prior year, the company earned ($0.49) EPS. Cray’s revenue was up 2.9% on a year-over-year basis.

A number of institutional investors and hedge funds have recently modified their holdings of CRAY. Strs Ohio bought a new position in Cray during the third quarter worth about $101,000. State of Alaska Department of Revenue boosted its holdings in Cray by 77.3% during the second quarter. State of Alaska Department of Revenue now owns 7,979 shares of the technology company’s stock worth $146,000 after buying an additional 3,479 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Cray by 3.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,620 shares of the technology company’s stock worth $177,000 after buying an additional 330 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Cray by 59.6% during the second quarter. BNP Paribas Arbitrage SA now owns 13,393 shares of the technology company’s stock worth $246,000 after buying an additional 5,001 shares during the last quarter. Finally, UBS Asset Management Americas Inc. bought a new position in Cray during the first quarter worth about $287,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

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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