Media stories about Cray (NASDAQ:CRAY) have been trending somewhat positive on Thursday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cray earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.5087809905335 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Top South Florida drinking events: Buddah Gets Cray, Sprung! beer festival (southflorida.com)
- ‘Jessica Jones’ Fans, Be Warned: There’s A Full Music Video For ‘I Want Your Cray-Cray’ (indiewire.com)
- MP sets boat builder big challenge (thewest.com.au)
- Global High Performance Computing (HPC) Market 2018 – Cray, Dell, IBM, Lenovo (marketingcorrect.com)
- Weinberger Could Veto Burlington City Council Resolution on F-35s (sevendaysvt.com)
Several equities analysts have weighed in on the stock. Craig Hallum set a $30.00 price target on shares of Cray and gave the company a “buy” rating in a report on Tuesday, March 6th. TheStreet downgraded shares of Cray from a “c-” rating to a “d” rating in a report on Friday, March 2nd. Zacks Investment Research downgraded shares of Cray from a “strong-buy” rating to a “hold” rating in a report on Friday, February 16th. BidaskClub downgraded shares of Cray from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Finally, KeyCorp reissued a “buy” rating and issued a $31.00 target price on shares of Cray in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $27.33.
Cray (NASDAQ:CRAY) last posted its quarterly earnings data on Thursday, February 15th. The technology company reported $0.22 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.22. Cray had a negative net margin of 34.10% and a negative return on equity of 8.51%. The business had revenue of $166.60 million for the quarter, compared to analysts’ expectations of $164.03 million. During the same quarter in the previous year, the business posted $1.38 earnings per share. The business’s revenue was down 51.9% compared to the same quarter last year. analysts anticipate that Cray will post -0.82 earnings per share for the current year.
In other news, CEO Peter J. Ungaro sold 80,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $22.14, for a total transaction of $1,771,200.00. Following the completion of the sale, the chief executive officer now directly owns 342,207 shares of the company’s stock, valued at $7,576,462.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael Charles Piraino sold 17,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $22.02, for a total transaction of $385,350.00. Following the completion of the sale, the senior vice president now directly owns 59,884 shares of the company’s stock, valued at $1,318,645.68. The disclosure for this sale can be found here. Insiders have sold 116,400 shares of company stock valued at $2,572,539 over the last three months. Insiders own 4.00% of the company’s stock.
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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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