14.74 -0.01 (-0.04%)
After hours: 4:26PM EDT
|Bid||14.60 x 21500|
|Ask||14.93 x 21500|
|Day's Range||14.37 - 14.87|
|52 Week Range||12.09 - 17.74|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||33.83|
|Earnings Date||May 23, 2019|
|Forward Dividend & Yield||0.45 (2.85%)|
|1y Target Est||17.59|
"I would be lying to you if I said that this was not an emotionally difficult decision," Cray CEO Peter Ungaro wrote in a letter to employees after the company announced plans to be acquired by HPE for $1.3 billion.
Hewlett Packard's (HPE) second-quarter fiscal 2019 results are likely to benefit from strength in its Intelligent Edge segment, driven by Aruba Services and Aruba Product revenues.
NEW YORK, May 17, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Cray Inc. ("Cray" or the "Company") (CRAY) in connection with the proposed acquisition of the Company by the Hewlett Packard Enterprise Company.
Despite pressure on the overall market, merger and acquisition activity and favorable analyst views lifted these stocks.
Hewlett Packard Enterprise aims to take on IBM with its purchase of U.S. supercomputer maker Cray. HPE said the acquisition will give it a boost in the artificial intelligence market.
NEW YORK, May 17, 2019 -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Cray Inc. (NASDAQ: CRAY) on behalf of Cray.
NEW YORK, NY / ACCESSWIRE / May 17, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims againstthe Board of Directors of Cray Inc. ("Cray" or "the Company") ...
CRAY stock is soaring on Friday following news that the company is being acquired by Hewlett Packard Enterprise (NYSE:HPE).Source: Cray The deal will have Hewlett Packard Enterprise acquiring Cray (NASDAQ:CRAY) for a total of $1.30 billion. This will have the company purchasing shares of CRAY stock for $35 each. The company will be paying for the stock with cash.The price of $35 per share is a pretty premium for investors in CRAY stock. The company was trading at $29.81 when the markets closed on Thursday. This has the offer from Hewlett Packard Enterprise sitting at roughly 17% above that price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHewlett Packard Enterprise says that it is expecting the deal to be accretive to its non-GAAP operating profit and earnings in the first full year following the close. It is also expecting one-time integration costs to be absorbed into its free cash flow outlook of between $1.90 billion and $2.10 billion for fiscal 2020."This is an amazing opportunity to bring together Cray's leading-edge technology and HPE's wide reach and deep product portfolio, providing customers of all sizes with integrated solutions and unique supercomputing technology to address the full spectrum of their data-intensive needs," Peter Ungaro, President and CEO of Cray, said in a statement. * 6 Chinese Stocks That Could Pop On a Trade Deal Hewlett Packard Enterprise and Cray are expecting the deal to close during HPE's first fiscal quarter of 2020. The deal will first need to complete customary closing conditions and get approval from regulators and shareholders before this can happen.CRAY stock was up 19% and HPE stock was up 1% as of Friday afternoon. CRAY stock is also up 37% and HPE is up 7% since the start of the year. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post CRAY Stock Soars on Acquisition by Hewlett Packard Enterprise appeared first on InvestorPlace.
NEW YORK , May 17, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Cray Inc. (NASDAQ: CRAY) and its board of directors for breach of fiduciary duty concerning the proposed ...
The $35 per share value represents a premium of 17.4% to Cray's last close. HPE said it expects the deal to increase its footprint in federal business and academia, and sell supercomputing products to its commercial clients. The deal, expected to close by the first quarter of HPE's fiscal year 2020, will add to its adjusted operating profit in the first full year after closing.
In a statement, HPE confirmed the companies have entered into a definitive agreement under which HPE will acquire Cray for $35 a share in cash. As part of the transaction, HPE expects to incur one-time integration costs that will be absorbed within HPE's 2020 fiscal-year free cash flow outlook of $1.9 billion to $2.1 billion, which remains unchanged.
Hewlett Packard Enterprise (HPE) has a shiny new toy. The information technology firm announced today that is spending $1.3 billion to acquire supercomputer manufacturer Cray. HPE, which is a business-facing spin-off of the Hewlett Packard company, will instantly become a bigger presence in the world of academia and the federal government, where Cray has a number of significant contracts.
Hewlett Packard (HPE), in order to strengthen foothold in HPC and enterprise class server and storage markets, is contemplating an agreement to acquire Cray.
Hewlett-Packard Enterprise Co. is buying supercomputer designer Cray Inc. for $1.3 billion in cash, the two companies said today. Shares of Seattle-based Cray jumped nearly 16 percent at the opening bell on the news. “Answers to some of society’s most pressing challenges are buried in massive amounts of data,” HPE CEO Antonio Neri said in a statement.
Cray investors will get $35 a share in cash, the companies said in a statement on Friday, confirming an earlier Bloomberg report. Cray jumped 17% to $34.89 at 9:49 a.m. in New York trading after earlier touching $34.96, the biggest intraday gain in a year. Palo Alto-based HP Enterprise gained about 2% to $14.82.
SAN DIEGO , May 17, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Cray Inc. (NASDAQ: CRAY) breached their fiduciary ...
Hewlett Packard Enterprise Co (NYSE: HPE) will acquire supercomputer manufacturer Cray Inc (NASDAQ: CRAY) in a transaction valued at approximately $1.3 billion. "Only by processing and analyzing this data will we be able to unlock the answers to critical challenges across medicine, climate change, space and more. Cray is a global technology leader in supercomputing and shares our deep commitment to innovation," Antonio Neri, CEO of HPE said in the press release.