News coverage about Cray (NASDAQ:CRAY) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cray earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.939270978877 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Shares of NASDAQ CRAY traded up $0.37 during trading on Monday, hitting $22.47. 20,236 shares of the company were exchanged, compared to its average volume of 323,165. Cray has a 12-month low of $16.50 and a 12-month high of $26.65. The firm has a market cap of $894.51, a PE ratio of -22.25 and a beta of 1.49.

Cray (NASDAQ:CRAY) last issued its quarterly earnings data on Thursday, February 15th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $166.60 million for the quarter, compared to analyst estimates of $164.03 million. Cray had a negative net margin of 34.10% and a negative return on equity of 8.51%. Cray’s revenue was down 51.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 EPS. equities research analysts expect that Cray will post -0.82 earnings per share for the current fiscal year.

Several research firms have recently commented on CRAY. BidaskClub upgraded Cray from a “strong sell” rating to a “sell” rating in a report on Friday. Craig Hallum set a $30.00 price target on Cray and gave the stock a “buy” rating in a report on Tuesday, March 6th. TheStreet lowered Cray from a “c-” rating to a “d” rating in a report on Friday, March 2nd. Zacks Investment Research lowered Cray from a “strong-buy” rating to a “hold” rating in a report on Friday, February 16th. Finally, KeyCorp reiterated a “buy” rating and set a $31.00 price target on shares of Cray in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.33.

In related news, SVP Michael Charles Piraino sold 17,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $22.02, for a total value of $385,350.00. Following the sale, the senior vice president now directly owns 59,884 shares in the company, valued at approximately $1,318,645.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Peter J. Ungaro sold 80,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $22.14, for a total transaction of $1,771,200.00. Following the completion of the sale, the chief executive officer now owns 342,207 shares in the company, valued at $7,576,462.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,400 shares of company stock worth $2,572,539. 4.00% of the stock is owned by insiders.

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About Cray

Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing systems, and data analytics and artificial intelligence solutions. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.

Insider Buying and Selling by Quarter for Cray (NASDAQ:CRAY)

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