Brokerages expect Cray Inc. (NASDAQ:CRAY) to report sales of $174.05 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Cray’s earnings. The highest sales estimate is $174.10 million and the lowest is $174.00 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 expected to report its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that Cray will report full-year sales of $174.05 million for the current fiscal year, with estimates ranging from $399.87 million to $400.00 million. For the next year, analysts anticipate that the company will report 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 an average based on a survey of analysts that follow Cray.

Cray (NASDAQ:CRAY) last released its quarterly earnings results on Monday, October 30th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.49) by $0.16. The business had revenue of $79.70 million during 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 business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.49) EPS.

A number of equities research analysts have issued reports on the company. TheStreet upgraded Cray from a “d+” rating to a “c-” rating in a research note on Monday, November 27th. BidaskClub upgraded Cray from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research upgraded Cray from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday, October 17th. ValuEngine upgraded Cray from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, Wells Fargo & Co began coverage on Cray in a research note on Tuesday, November 14th. They set an “outperform” rating and a $26.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $24.40.

Shares of Cray (NASDAQ:CRAY) opened at $25.85 on Tuesday. The stock has a market capitalization of $1,040.00, a PE ratio of 103.40 and a beta of 1.69. Cray has a 52 week low of $16.10 and a 52 week high of $26.65.

In related news, SVP Charles A. Morreale sold 42,680 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $19.37, for a total transaction of $826,711.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael Charles Piraino sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $22.61, for a total value of $678,300.00. Following the transaction, the senior vice president now owns 72,384 shares of the company’s stock, valued at $1,636,602.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,005 shares of company stock valued at $1,534,913. 4.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio purchased a new position in Cray in the 3rd quarter worth approximately $101,000. SG Americas Securities LLC purchased a new position in Cray in the 3rd quarter worth approximately $124,000. BNP Paribas Arbitrage SA lifted its holdings in Cray by 59.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,393 shares of the technology company’s stock worth $246,000 after purchasing an additional 5,001 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Cray by 57.2% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 15,120 shares of the technology company’s stock worth $294,000 after purchasing an additional 5,500 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Cray in the 3rd quarter worth approximately $375,000. 96.29% of the stock is currently owned by institutional investors.

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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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