Cray (CRAY) Set to Announce Earnings on Tuesday

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Cray (NASDAQ:CRAY) is set to post its quarterly earnings results on Tuesday, April 29th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Cray (NASDAQ:CRAY) last released its earnings data on Thursday, February 13th. The company reported $1.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.39 by $0.09. The company had revenue of $307.40 million for the quarter, compared to the consensus estimate of $300.56 million. During the same quarter last year, the company posted $0.44 earnings per share. Cray’s revenue was up 62.8% compared to the same quarter last year. On average, analysts expect Cray to post $0.81 EPS for the current fiscal year and $1.01 EPS for the next fiscal year.

Cray (NASDAQ:CRAY) opened at 32.79 on Monday. Cray has a 52 week low of $16.20 and a 52 week high of $42.09. The stock’s 50-day moving average is $36.09 and its 200-day moving average is $29.46. The company has a market cap of $1.254 billion and a price-to-earnings ratio of 42.14.

A number of research firms have recently commented on CRAY. Analysts at TheStreet upgraded shares of Cray from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th. On a related note, analysts at Needham & Company LLC raised their price target on shares of Cray from $30.00 to $37.00 in a research note on Friday, February 14th. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Cray from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $30.90 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Cray has a consensus rating of “Buy” and an average target price of $32.63.

Cray Inc designs, develops, manufactures, markets and services high-performance computing (NASDAQ:CRAY), systems, including categories of systems commonly known as supercomputers and/or clusters, and provide storage solutions, software and engineering services related to HPC systems to its customers, which include government agencies and government-funded entities, academic institutions and commercial entities.

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