Somewhat Positive News Coverage Somewhat Unlikely to Impact Cray (NASDAQ:CRAY) Stock Price

Media stories about Cray (NASDAQ:CRAY) have trended somewhat positive on Saturday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cray earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.7602095461722 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment’s analysis:

Cray (NASDAQ CRAY) traded down 3.96% during mid-day trading on Friday, reaching $18.20. The company had a trading volume of 260,770 shares. The company’s 50 day moving average is $19.03 and its 200 day moving average is $19.15. Cray has a 52-week low of $16.10 and a 52-week high of $25.32. The stock has a market capitalization of $730.86 million, a price-to-earnings ratio of 271.64 and a beta of 1.62.

Cray (NASDAQ:CRAY) last released its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.54) by $0.34. Cray had a net margin of 0.47% and a negative return on equity of 1.03%. The business had revenue of $87.10 million during the quarter, compared to analysts’ expectations of $60.18 million. During the same quarter in the prior year, the company earned ($0.29) EPS. The firm’s quarterly revenue was down 13.1% on a year-over-year basis. Equities analysts predict that Cray will post ($1.13) earnings per share for the current year.

Several research firms recently commented on CRAY. Stifel Nicolaus restated a “buy” rating and issued a $26.00 target price on shares of Cray in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $23.00 target price (down from $25.00) on shares of Cray in a research report on Wednesday, May 3rd. TheStreet cut Cray from a “c” rating to a “d+” rating in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded Cray from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, ValuEngine upgraded Cray from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Cray has a consensus rating of “Hold” and an average price target of $24.50.

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Cray Company Profile

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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