Cray Inc (CRAY) : The consensus on Cray Inc (CRAY) based on 5 analyst recommendation on the company stock is 1.8, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Cray Inc (CRAY) : The most positive equity analysts on Cray Inc (CRAY) expects the shares to touch $49, whereas, the least positive believes that the stock will trade at $34 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $43.6 with an expected fluctuation of $6.19 from the mean.
Cray Inc (NASDAQ:CRAY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.63 and $29.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.92, notching a gain of 0.57% for the day. The total traded volume was 202,997 . The stock had closed at $29.75 on the previous day.
Also, Major Brokerage house, Needham downgrades its ratings on Cray Inc (NASDAQ:CRAY). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 4, 2016. The company shares have rallied 10.51% from its 1 Year high price. On Mar 3, 2016, the shares registered one year high at $43.79 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $32.00 and the 200 Day Moving Average price is recorded at $36.22.
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.