Cray (NASDAQ:CRAY) Given Media Impact Score of 0.18
Media headlines about Cray (NASDAQ:CRAY) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cray earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.2715831002399 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Cray Inc (NASDAQ:CRAY) Stock Traded Significantly Above Its 50 Day Moving Average – Highlight Press (highlightpress.com)
- Budiardja Receives Runner-Up Best Paper at Cray User Group Meeting (olcf.ornl.gov)
- Cray Urges Fed. Circ. To Scrap Gilstrap’s New Venue Rules (law360.com)
- What Kind of Picture Are the Technicals Painting For Cray Inc (CRAY)? – Evergreen Caller (evergreencaller.com)
- Cray Inc (NASDAQ:CRAY) Experiences Heavier than Average Trading Volume – Highlight Press (highlightpress.com)
Several equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Cray from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. TheStreet lowered Cray from a “c” rating to a “d+” rating in a research report on Wednesday, May 3rd. Needham & Company LLC reiterated a “buy” rating and set a $23.00 target price (down previously from $25.00) on shares of Cray in a research report on Wednesday, May 3rd. BidaskClub lowered Cray from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. Finally, ValuEngine upgraded Cray from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $32.25.
Shares of Cray (NASDAQ:CRAY) opened at 19.54 on Wednesday. The stock’s market cap is $781.82 million. The company’s 50-day moving average price is $18.02 and its 200 day moving average price is $18.99. Cray has a 1-year low of $16.10 and a 1-year high of $32.24.
Cray (NASDAQ:CRAY) last announced its quarterly earnings results on Tuesday, May 2nd. The technology company reported ($0.71) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.50) by $0.21. The business had revenue of $59.03 million for the quarter, compared to analysts’ expectations of $56.60 million. Cray had a negative net margin of 0.61% and a negative return on equity of 2.02%. Equities analysts forecast that Cray will post ($1.09) EPS for the current fiscal year.
In related news, Director Stephen C. Kiely sold 2,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 20,675 shares of the company’s stock, valued at approximately $383,521.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.00% of the company’s stock.
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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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