CRAY - Cray Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
34.68
-0.01 (-0.03%)
At close: 4:00PM EDT
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Previous Close34.69
Open34.65
Bid34.67 x 900
Ask34.75 x 1400
Day's Range34.63 - 34.83
52 Week Range18.76 - 36.64
Volume407,766
Avg. Volume670,165
Market Cap1.427B
Beta (3Y Monthly)0.49
PE Ratio (TTM)N/A
EPS (TTM)-1.87
Earnings DateJul 29, 2019 - Aug 2, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est35.00
Trade prices are not sourced from all markets
  • Were Hedge Funds Right About Flocking Into Cray Inc. (CRAY) ?
    Insider Monkey3 days ago

    Were Hedge Funds Right About Flocking Into Cray Inc. (CRAY) ?

    How do we determine whether Cray Inc. (NASDAQ:CRAY) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data shows that […]

  • Is It Time to Hold Your Horses on AMD Stock?
    Zacks8 days ago

    Is It Time to Hold Your Horses on AMD Stock?

    AMD stock has been soaring over the past month, so it's worth taking a look at whether there's more upside to the stock.

  • GlobeNewswire8 days ago

    Cray Shasta Sparks New AI Research Program at Indiana University

    Global supercomputer leader Cray Inc. (CRAY) today announced that Indiana University has selected a Cray Shasta™ supercomputing system to advance the use of artificial intelligence (AI) across diverse research fields at the university and for the state of Indiana. Indiana University will be the first university to deploy a Shasta system, the Cray Slingshot™ interconnect and Cray Urika® AI Suite for Shasta, providing its engineers, researchers and scientists powerful resources for the next era of computing.

  • GlobeNewswire9 days ago

    CRAY, AMBR, EMCI Investor Alert: Halper Sadeh LLP Continues to Investigate Whether the Sale of These Companies is Fair to Shareholders – CRAY, AMBR, EMCI

    NEW YORK, June 06, 2019 -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating Cray Inc. (NASDAQ: CRAY), Amber Road, Inc. (NYSE: AMBR), and EMC.

  • AMD Stock Looks as If It Finally Is Ready to Cool off a Bit
    InvestorPlace10 days ago

    AMD Stock Looks as If It Finally Is Ready to Cool off a Bit

    "Sell in May and go away" is an often-repeated saying on Wall Street. Some years this old adage doesn't apply, but in 2019, the markets have lived to their seasonal reputation in May. Yet Advanced Micro Devices (NASDAQ:AMD) has been one of the few tech companies that have not been as adversely affected as the broader market. Instead, during the past month, it has traded within a range of $26.03-$29.67. AMD stock finished the month at $27.41.Source: Shutterstock However, I believe that there is still room for correction in AMD as a swift resolution to trade tensions is not likely to happen. Therefore, long-term investors can possibly find a lower and thus more favorable entry price into Advanced Micro Devices shares during this volatile phase.Here is why…InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Big Dividend Stocks to Buy as Yields Plunge AMD and the CompetitionAMD is part of the semiconductor industry. This is a highly competitive sector where companies have to stay on the leading edge of technological advances. Product developments and economic cycles both in the U.S. and globally affect their revenues and thus the stock prices.On May 7, the U.S. Department of Energy announced that Advanced Micro Devices and Cray (NASDAQ:CRAY) had been awarded a $600 million contract to develop the 'Frontier' supercomputer. Expected to become the world's fastest computer, Frontier will perform advanced calculations in areas like nuclear and climate research.This important deal confirms that AMD is now a recognized industry leader that can better rival its two main competitors, i.e., Intel (NASDAQ:INTC) and NVIDIA Corporation (NASDAQ:NVDA).In other words, AMD has a roadmap to compete with Intel's dominant CPUs and Nvidia in the graphics-card space. Investors in Advanced Micro Devices stock are also hopeful that the company may grab market share from its two rivals.Share prices of both INTC and NVDA have suffered considerably in May: INTC stock has fallen over 25% and NVDA stock is down over 30%.Intel has especially been facing headwinds in the data center business, its main driver of growth. On April 25, the company issued a warning for the next quarter and lowered its guidance for the year. Datacenter chips have high gross margins; therefore shareholders have penalized Intel shares since this latest warning.NVDA stock has also fallen the past few weeks, especially on the back of data center worries, sales weakness in China and excess inventory correction. Many analysts suggest that NVDA stock's pain may not yet be over.Similarly, on April 30, when Advanced Micro Devices released earnings, its quarterly revenue was down 23% year-over-year. Net income was also down 80% to $16 million.Going forward, like its rivals, AMD is hoping for a pickup in demand. Retail shareholders shouldn't use hope as an investment strategy. If AMD management were to announce yet another revenue or earnings drop soon, Wall Street may decide to hit the "sell" button on the stock.On a final note, the trailing P/E ratio for AMD stock stands at a hefty 106. In comparison, Intel's is 10 and Nvidia's is 25. Therefore if there are any adverse headlines or potential earnings warnings either from AMD or any of its peers, the share price of Advanced Micro Devices could easily go down.In other words, a high P/E ratio also contributes to the volatility in a given stock's price as shareholders tend to regard it as a growth stock and react to earnings reports and other headlines rather fast. Thus investors may decide not to reward AMD with such a high P/E multiple if they fear the stock's growth trajectory is somewhat not on track. Analyst Enthusiasm Is WaningThe escalating trade wars with Beijing coupled with the most recent uncertainty over potential tariffs on Mexican products have sent markets on a downward spiral. Not only stocks, but also many major market indices, and the ETFs that track these indices have sold off.China consumes more than 50% of all semiconductors made worldwide. Furthermore, many U.S. technology companies either have manufacturing plants in China or use Chinese companies in their supply chains. Therefore, Wall Street fears that U.S. chip makers will be among the largest losers of the trade war.The widely followed PHLX Semiconductor Index (INDEXNASDAQ:SOX) is down over 15%. Many investors and traders participate in this group of stocks via the iShares PHLX Semiconductor ETF (NASDAQ:SOXX) or the Vaneck Semiconductors ETF (NYSEARCA:SMH). For these ETFs, the month of May has been a tough ride, too. And June may not necessarily be smooth sailing either.Sentiment around the chipmakers is down and many analysts are less than enthusiastic about the immediate future of this segment. Even before the renewed trade tensions began in early May, Wall Street was already warning about slack demand over the coming quarters as well as a serious downturn in the industry. Could these chip stocks have reached their 2019 highs in the eyes of investors?Shares of semiconductor companies usually act as a bellwether among technology stocks. Therefore, unless the semis stabilize as a group, I do not expect Advanced Micro Devices stock to make new highs any time soon. Short-Term Technical Charts and AMD StockAdvanced Micro Devices is a momentum stock. Therefore, its price volatility is high. On a given day, it is usually a battleground between long-term investors and short-term traders.Since May 6, Advanced Micro Devices stock has been especially volatile on a daily basis. It has traded within a wide range, moving between the high and mid-$20's. AMD stock is currently trading in the middle of this range.In other words, AMD stock price has been consolidating lately. And it is finding support form its 50-day moving average.I believe the stock market will continue to be volatile and weak in June, too. Therefore, sizeable daily swings in AMD stock are likely to continue.In the coming weeks, I expect the AMD stock price to break out of this range. Although the new leg could be either up or down, I expect AMD shares to decline first toward $25 and then further toward $20-$22.5.At that point, I'd expect Advanced Micro Devices stock to start to build a base and then trade sideways, possibly until its next earnings report in late July.However, in case of a swift end to trade tensions, AMD stock would likely rally toward $29, where it would face major resistance. Short Interest and AMD StockAs part of short-term sentiment analysis, investors may also monitor the extent to which stocks are shorted. In other words, they follow the ratio of short positions that are open and yet to be covered. Two investors may look at the same data and have differing views. I tend to use the number as a contrarian indicator.For example, if more than 20% of a stock's float (available shares) are shorted, then even a small rise in its price could actually become a powerful short squeeze and propel the stock much higher.At this point, 11.1% of AMD's shares are shorted. So while there are plenty of traders who have shorted AMD stock, not enough shares of Advanced Micro Devices are being shorted to set the stage for a massive short-squeeze rally.On the other hand, the numbers for Nvidia and Intel are 2.3% and 1.1% respectively. In other words, these two stocks have lost over 25% of their market caps over the past few weeks on very little short-selling. Therefore, the current level of short-selling in AMD stock may put selling pressure on the shares. The Bottom Line on AMD StockAs new frontiers in technology, such as the internet of things (IoT), artificial intelligence (AI), autonomous driving, and 5G, are developed, I am bullish on the future of Advanced Micro Devices, which has been quite successful in recent years.Although I'd not bet against AMD stock long-term, the company is likely to face headwinds in the coming months, including a global decline in PC sales as well as in the chip sector.We may also be some time away from a trade agreement with China, which may increase the expected level of slowdown in the Chinese economy, and AMD stock cannot be completely immune to these macro trends.Therefore those investors who plan to long Advanced Micro Devices may want to consider any fall towards the $22.5-$20 range a good opportunity to buy into the shares.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Sell Impacted by the Mexican Tariffs * 6 Big Dividend Stocks to Buy as Yields Plunge * The 10 Biggest Announcements From Apple WWDC 2019 Compare Brokers The post AMD Stock Looks as If It Finally Is Ready to Cool off a Bit appeared first on InvestorPlace.

  • GlobeNewswire11 days ago

    PDOB, CRAY and CY SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Buyouts

    WILMINGTON, Del., June 04, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Presidio Bank (OTC PINK: PDOB) regarding possible breaches of fiduciary.

  • GlobeNewswire11 days ago

    Cray Wins Gold and Silver Honors in 2019 American Business Awards

    Global supercomputer leader Cray Inc. (CRAY) today announced that the company was awarded multiple honors, known as the Stevie® awards, in the 2019 American Business Awards®. Cray received a Gold Stevie for “Company of the Year - Computer Hardware” and a Silver Stevie award for “Most Innovative Tech Company of the Year - Up to 2,500 Employees.” In addition, Cray’s CTO Steve Scott was recognized with a Gold Stevie for “Tech Innovator of the Year - Hardware/Peripherals” for his leadership and groundbreaking work in architecting Cray’s revolutionary Slingshot™ interconnect.

  • GlobeNewswire12 days ago

    Kaskela Law LLC Announces Stockholder Investigations

    PHILADELPHIA, June 03, 2019 -- Kaskela Law LLC announces that it is currently investigating: Zayo Group Holdings, Inc. (“Zayo”) (NYSE: ZAYO), in connection with the Company’s.

  • Business Wire12 days ago

    CRAY INVESTOR ALERT By the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Cray Inc. - CRAY

    Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC are investigating the proposed sale of Cray Inc. to Hewlett Packard Enterprise .

  • PR Newswire16 days ago

    Lifshitz & Miller LLP Announces Investigation of A.O. Smith Corporation, Cray Inc., electroCore, Inc., Fred's Inc., Intersect ENT, Inc., Jumia Technologies AG, Lannett Company Inc., and Zayo Group Holdings, Inc.

    NEW YORK , May 30, 2019 /PRNewswire/ -- A.O. Smith Corporation (AOS) Lifshitz & Miller announces investigation into possible securities laws violations in connection with allegations questioning AOS' access ...

  • Top 10 Stocks Under $20 to Buy Right Now
    Zacks17 days ago

    Top 10 Stocks Under $20 to Buy Right Now

    Today we've highlighted 10 stocks that are currently trading for under $20 per share. All of these stocks sport a Zacks Rank 2 (Buy) or better at the moment...

  • GlobeNewswire18 days ago

    ISRL, ISCA, and CRAY SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Buyouts

    WILMINGTON, Del., May 28, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Isramco, Inc. (NASDAQ CM: ISRL) regarding possible violations of law related.

  • GlobeNewswire18 days ago

    MERGER ALERT – CRAY, ISCA/ISCB, and WBC: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies

    NEW YORK, May 28, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.

  • ACCESSWIRE21 days ago

    SHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces an Investigation of Cray Inc. - CRAY

    BALA CYNWYD, PA / ACCESSWIRE / May 24, 2019 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Cray Inc. ("Cray" or "the ...

  • GlobeNewswire23 days ago

    MERGER ALERT – CRAY, ISCA/ISCB, and ISRL: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies

    NEW YORK, May 23, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.

  • ACCESSWIRE23 days ago

    SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Cray Inc. (CRAY)

    NEW YORK, NY / ACCESSWIRE / May 23, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against the Board of Directors of Cray Inc. ("Cray" or "the Company") ...

  • Buy Hewlett Packard Enterprise (HPE) Stock Before Q2 2019 Earnings?
    Zacks25 days ago

    Buy Hewlett Packard Enterprise (HPE) Stock Before Q2 2019 Earnings?

    With HPE set to report its quarterly financial results on Thursday, let's see if investors should consider buying HP Enterprise stock.

  • GlobeNewswire25 days ago

    MERGER ALERT – CRAY, SFS, and AMBR: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies

    NEW YORK, May 21, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.

  • ACCESSWIRE25 days ago

    SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Cray Inc. - CRAY

    BALA CYNWYD, PA / ACCESSWIRE / May 20, 2019 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Cray Inc. ("Cray" or "the ...

  • Cray CEO explains merger decision in letter to employees
    American City Business Journals26 days ago

    Cray CEO explains merger decision in letter to employees

    "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.

  • ACCESSWIRE26 days ago

    INVESTOR ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Cray Inc. (CRAY)

    NEW YORK, NY / ACCESSWIRE / May 20, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against the Board of Directors of Cray Inc. ("Cray" or "the Company") ...

  • Company News For May 20, 2019
    Zacks26 days ago

    Company News For May 20, 2019

    Companies In The News Are: DE,PINS,AMAT,CRAY,HPE

  • ACCESSWIRE27 days ago

    URGENT ALERT: Monteverde & Associates PC Launches Legal Inquiry Regarding the Buyout

    NEW YORK, NY / ACCESSWIRE / May 19, 2019 / Juan Monteverde , founder and managing partner at Monteverde& Associates PC , a national securities firm headquartered at the Empire State Building in New York ...

  • SHAREHOLDER ALERT: WeissLaw LLP Investigates Cray Inc. Acquisition
    PR Newswire29 days ago

    SHAREHOLDER ALERT: WeissLaw LLP Investigates Cray Inc. Acquisition

    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.

  • Associated Press29 days ago

    Deere, 3M, Pinterest slip while Cray soars on buyout

    Stocks that moved substantially or traded heavily on Friday: Deere & Co., down $11.17 to $134.82 The farm equipment maker's quarterly profit missed expectations amid weakness in the agriculture sector. ...