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Cray (CRAY) Catches Eye: Stock Jumps 39.1%

Zacks Equity Research

Cray Inc. (CRAY) was a big mover last session, as the company saw its shares rise by over 39% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply in Friday’s trade and is now trading above the volatile price range of $28.68 to $31.34 in the past one-month time frame. The jump came on the back of IBM’s decision to sell part of its supercomputer business to Lenovo Group which in turn would increase Cray’s product sale.

The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Cray currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Other better-ranked stocks worth considering in the computer technology sector include Akamai Technologies, Inc. (AKAM), Arris Enterprises, Inc. (ARRS) and China Unicom (Hong Kong) Limited (CHU). All these stocks boast a Zacks Rank #1 (Strong Buy).

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CRAY INC (CRAY): Free Stock Analysis Report

(ARRS): Free Stock Analysis Report

CHINA UNICOM HONG KONG LTD ADS E (CHU): Free Stock Analysis Report

AKAMAI TECHNOLOGIES INC (AKAM): Free Stock Analysis Report

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