Brokerage Firm Rating on Cray Inc (CRAY)

Cray Inc (CRAY) : Zacks Investment Research ranks Cray Inc (CRAY) as 4, which is a Sell recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 1.67, which indicates as a Buy.

Cray Inc (CRAY) : The consensus price target for Cray Inc (CRAY) is $40.67 for the short term with a standard deviation of $5.65. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $49, however, the pessimist price target for the company is $34.


For the current week, the company shares have a recommendation consensus of Buy. Cray Inc (NASDAQ:CRAY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.19 and $20.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.33, notching a gain of 1.28% for the day. The total traded volume was 387,749 . The stock had closed at $21.06 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Cray Inc, Kiely Stephen C had sold 2,102 shares worth of $65,162 in a transaction dated May 5, 2016. In this transaction, 2,102 shares were sold at $31 per share.

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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