Cray Inc (CRAY) : 3 brokerage houses believe that Cray Inc (CRAY) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Cray Inc (CRAY). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 1.8.
Cray Inc (CRAY) : The highest level Cray Inc (CRAY) is projected to reach is $49 for the short term and the lowest estimate is at $34. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $40 and the possibility the share price can swing is $6.04.
Shares of Cray Inc. appreciated by 3.24% during the last five trading days but lost 23.73% on a 4-week basis. Cray Inc. has dropped 29.67% during the last 3-month period . Year-to-Date the stock performance stands at -29.28%. Cray Inc (NASDAQ:CRAY): stock turned positive on Tuesday. Though the stock opened at $22.69, the bulls momentum made the stock top out at $23.08 level for the day. The stock recorded a low of $22.63 and closed the trading day at $22.95, in the green by 1.46%. The total traded volume for the day was 348,983. The stock had closed at $22.62 in the previous days trading.
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.