Cray Inc. Reports Second Quarter Financial Results

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Go back to Cray Inc. Reports Second Quarter Financial Results

Cray (CRAY) PT, Estimates Cut at Needham & Company Post Q2; 'Buy' Maintained

July 31, 2015 7:21 AM EDT

Needham & Company analyst Richard Kugele lowered his price target on Cray (NASDAQ: CRAY) to $31.00 (from $37.00) following Q2 results but maintained a Buy rating.

Kugele commented, "Cray continues to gain share and prominence in the HPC world, with key wins (double and triple digit... More

Cray (CRAY) Tops Q2 EPS by 45c; Guides FY Revs In-Line

July 30, 2015 4:10 PM EDT

Cray (NASDAQ: CRAY) reported Q2 EPS of $0.30, $0.45 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $186.2 million versus the consensus estimate of $129.44 million.

Cray sees FY2015 revenue of $715 million, versus the consensus of $716 million.

"We had a strong second quarter, highlighted... More