Cray (CRAY) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Cray (CRAY) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $-0.29 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-0.27. The company posted revenue of $100.24 million in the period, compared to analysts expectations of $101.36 million. The company’s revenue was down -46.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

Many Wall Street Analysts have commented on Cray. Pacific Crest Initiated Cray on Jul 28, 2016 to “Overweight”, Price Target of the shares are set at $41.

Cray closed down -0.26 points or -0.82% at $31.56 with 4,15,151 shares getting traded on Friday. Post opening the session at $31.84, the shares hit an intraday low of $31.01 and an intraday high of $32.24 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 9, 2016, Stephen C Kiely (director) sold 2,102 shares at $31.00 per share price. According to the SEC, on Feb 24, 2016, Charles Daniel Fairchild (VP, Corp. Controller & CAO) sold 16,545 shares at $40.85 per share price. On Feb 22, 2016, Sally G Narodick (director) sold 15,000 shares at $41.25 per share price, according to the Form-4 filing with the securities and exchange commission.

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.


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