Cray Inc (CRAY) has an average broker rating of 1.67, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Cray Inc (CRAY) stock is expected to deviate a maximum of $5.64 from the average target price of $43.17 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $49 and the most muted being $34.
For the current week, the company shares have a recommendation consensus of Buy. Also, Pacific Crest initiates coverage on Cray Inc (NASDAQ:CRAY) The brokerage firm has issued a Overweight rating on the shares. The rating by the firm was issued on July 28, 2016.
Cray Inc (NASDAQ:CRAY): The stock opened at $25.22 on Wednesday but the bulls could not build on the opening and the stock topped out at $25.22 for the day. The stock traded down to $21.35 during the day, due to lack of any buying support eventually closed down at $21.81 with a loss of -30.27% for the day. The stock had closed at $31.28 on the previous day. The total traded volume was 7,602,396 shares.
Cray Inc. designs, develops, manufactures, markets and services the high-performance computing (HPC). The Company markets supercomputers and provides storage and analytics solutions. It also provides software, system maintenance and support services, and engineering services related to supercomputer systems. The Company operates through segments, which include Supercomputing, Storage and Data Management, Maintenance and Support and Engineering Services and Other. It provides three models of customer-focused solutions: integrated supercomputing and storage solutions with tuned software; commodity-based cluster supercomputing and storage solutions, and turn-key analytic solutions featuring industry standards and graph technologies. The Company offers its solutions by combining supercomputing, cluster, storage and analytics technology. Its customers include domestic and foreign Government, and Government-funded entities, academic institutions and commercial entities.