Wall Street analysts expect Cray Inc. (NASDAQ:CRAY) to announce $174.05 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Cray’s earnings. The lowest sales estimate is $174.00 million and the highest is $174.10 million. Cray reported sales of $346.57 million in the same quarter last year, which would suggest a negative year over year growth rate of 49.8%. The business is scheduled to issue its next earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Cray will report full year sales of $174.05 million for the current financial year, with estimates ranging from $399.87 million to $400.00 million. For the next year, analysts expect that the company will post sales of $440.85 million per share, with estimates ranging from $440.00 million to $442.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Cray.

Cray (NASDAQ:CRAY) last announced its quarterly earnings results on Monday, October 30th. The technology company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.49) by $0.16. The company had revenue of $79.70 million for the quarter, compared to the consensus estimate of $59.67 million. Cray had a return on equity of 0.73% and a net margin of 2.71%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.49) EPS.

Several research firms have recently issued reports on CRAY. TheStreet raised shares of Cray from a “d+” rating to a “c-” rating in a research note on Monday, November 27th. Stifel Nicolaus reissued a “buy” rating and set a $26.00 target price on shares of Cray in a research note on Wednesday, August 16th. BidaskClub lowered shares of Cray from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised shares of Cray from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Wednesday, October 25th. Finally, ValuEngine raised shares of Cray from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Cray currently has a consensus rating of “Buy” and a consensus target price of $24.40.

Shares of Cray (CRAY) opened at $21.75 on Wednesday. The firm has a market capitalization of $883.57, a PE ratio of 312.14 and a beta of 1.69. Cray has a 12-month low of $16.10 and a 12-month high of $24.25.

In other Cray news, SVP Charles A. Morreale sold 42,680 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $19.37, for a total value of $826,711.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Michael Charles Piraino sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $23.00, for a total transaction of $25,300.00. Following the completion of the transaction, the senior vice president now directly owns 43,484 shares in the company, valued at $1,000,132. The disclosure for this sale can be found here. Insiders sold a total of 74,005 shares of company stock worth $1,534,913 over the last three months. Corporate insiders own 4.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan increased its holdings in shares of Cray by 3.6% during the 2nd 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. The Manufacturers Life Insurance Company increased its holdings in shares of Cray by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,991 shares of the technology company’s stock worth $589,000 after buying an additional 340 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Cray by 4.3% during the 2nd quarter. Pinnacle Associates Ltd. now owns 18,200 shares of the technology company’s stock worth $335,000 after buying an additional 750 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Cray by 4.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 24,150 shares of the technology company’s stock worth $444,000 after buying an additional 970 shares during the last quarter. Finally, Nationwide Fund Advisors increased its holdings in shares of Cray by 4.4% during the 2nd quarter. Nationwide Fund Advisors now owns 27,732 shares of the technology company’s stock worth $510,000 after buying an additional 1,158 shares during the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

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About Cray

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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