Cray Inc. (CRAY)’s Trend Up, Especially After Today’s 52-Week High Milestone

November 21, 2017 - By Richard Conner

Investors sentiment decreased to 1.31 in 2017 Q2. Its down 0.45, from 1.76 in 2017Q1. It worsened, as 13 investors sold Cray Inc. shares while 32 reduced holdings. 15 funds opened positions while 44 raised stakes. 38.75 million shares or 2.02% more from 37.99 million shares in 2017Q1 were reported.
Moreover, Natl Bank Of America Corporation De has 0% invested in Cray Inc. (NASDAQ:CRAY). 1.87M are held by Invesco. Tiaa Cref Inv Limited Co holds 161,516 shares or 0% of its portfolio. Pinebridge Investments Lp stated it has 0.03% of its portfolio in Cray Inc. (NASDAQ:CRAY). First Interstate National Bank owns 0.02% invested in Cray Inc. (NASDAQ:CRAY) for 5,625 shares. Oppenheimer Inc invested in 90,500 shares or 0.05% of the stock. Public Employees Retirement Systems Of Ohio owns 795 shares. Amer Century holds 0.02% or 932,303 shares in its portfolio. Fmr Limited Liability Company has 757,464 shares. Nationwide Fund Advisors stated it has 27,732 shares or 0% of all its holdings. Swiss Comml Bank stated it has 67,100 shares or 0% of all its holdings. Price T Rowe Associate Inc Md holds 360,923 shares or 0% of its portfolio. State Of Tennessee Treasury Department reported 38,205 shares. Manufacturers Life Insur The holds 0% of its portfolio in Cray Inc. (NASDAQ:CRAY) for 31,991 shares. Pub Employees Retirement Association Of Colorado invested in 9,967 shares.

The stock of Cray Inc. (NASDAQ:CRAY) hit a new 52-week high and has $25.64 target or 9.00 % above today’s $23.52 share price. The 7 months bullish chart indicates low risk for the $951.30 million company. The 1-year high was reported on Nov, 21 by If the $25.64 price target is reached, the company will be worth $85.62 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 156,665 shares traded. Cray Inc. (NASDAQ:CRAY) has declined 43.00% since November 21, 2016 and is downtrending. It has underperformed by 59.70% the S&P500.

Analysts await Cray Inc. (NASDAQ:CRAY) to report earnings on February, 14. They expect $0.26 earnings per share, down 80.15 % or $1.05 from last year’s $1.31 per share. CRAY’s profit will be $10.51M for 22.64 P/E if the $0.26 EPS becomes a reality. After $-0.33 actual earnings per share reported by Cray Inc. for the previous quarter, Wall Street now forecasts -178.79 % EPS growth.

Cray Inc. (NASDAQ:CRAY) Ratings Coverage

Among 6 analysts covering Cray (NASDAQ:CRAY), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Cray has $42 highest and $22.0 lowest target. $30’s average target is 27.55% above currents $23.52 stock price. Cray had 14 analyst reports since July 31, 2015 according to SRatingsIntel. On Wednesday, May 4 the stock rating was downgraded by Needham to “Hold”. The rating was upgraded by Craig Hallum on Tuesday, November 21 to “Buy”. The company was maintained on Monday, August 28 by KeyBanc Capital Markets. On Monday, October 16 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The firm has “Buy” rating given on Tuesday, November 14 by Wells Fargo. The stock of Cray Inc. (NASDAQ:CRAY) earned “Buy” rating by Stifel Nicolaus on Tuesday, August 15. The firm earned “Buy” rating on Friday, February 12 by Needham. On Tuesday, November 8 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm earned “Buy” rating on Friday, July 31 by Needham. On Tuesday, April 19 the stock rating was upgraded by Sidoti to “Buy”.

More notable recent Cray Inc. (NASDAQ:CRAY) news were published by: which released: “Cray and Microsoft Bring Supercomputing to Microsoft Azure” on October 23, 2017, also with their article: “Earnings Reaction History: Cray Inc, 66.7% Follow-Through Indicator, 12.4 …” published on October 30, 2017, published: “Cray Advanced Supercomputer to Assist Samsung’s Research on Artificial …” on November 14, 2017. More interesting news about Cray Inc. (NASDAQ:CRAY) were released by: and their article: “Cray Wins Four HPCwire Awards” published on November 15, 2017 as well as‘s news article titled: “Cray Catapults Arm-Based Processors Into Supercomputing” with publication date: November 13, 2017.

Cray Inc. is engaged in designing, developing, manufacturing, marketing and servicing the high performance computing market, primarily categories of systems known as supercomputers. The company has market cap of $951.30 million. The Company’s divisions include Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other. It has a 93.07 P/E ratio. The Supercomputing segment includes a suite of supercomputer systems, which are used by engineering centers in universities, government laboratories, and commercial institutions.

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