Somewhat Positive News Coverage Somewhat Unlikely to Impact Cray (CRAY) Stock Price
Headlines about Cray (NASDAQ:CRAY) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive 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 gave headlines about the technology company an impact score of 45.3348307965567 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of analysts have weighed in on the company. Zacks Investment Research lowered Cray from a “hold” rating to a “sell” rating in a research note on Monday, January 1st. BidaskClub upgraded Cray from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. TheStreet upgraded Cray from a “d+” rating to a “c-” rating in a research note on Monday, November 27th. ValuEngine upgraded Cray from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, Craig Hallum upgraded Cray from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Cray presently has a consensus rating of “Buy” and a consensus price target of $24.40.
Cray (NASDAQ CRAY) opened at $25.30 on Thursday. The company has a market capitalization of $1,020.00, a price-to-earnings ratio of 101.20 and a beta of 1.69. Cray has a 52 week low of $16.10 and a 52 week high of $26.65.
Cray (NASDAQ:CRAY) last announced its quarterly earnings results on Monday, October 30th. The technology company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.16. The firm had revenue of $79.70 million for the quarter, compared to analyst estimates of $59.67 million. Cray had a return on equity of 0.73% and a net margin of 2.71%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.49) earnings per share. analysts forecast that Cray will post -1.14 earnings per share for the current fiscal year.
In related news, SVP Michael Charles Piraino sold 30,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $22.61, for a total transaction of $678,300.00. Following the sale, the senior vice president now owns 72,384 shares of the company’s stock, valued at $1,636,602.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Charles A. Morreale sold 42,680 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $19.37, for a total value of $826,711.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,005 shares of company stock worth $1,534,913. Insiders own 4.00% 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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