Cray Inc. Reports Third Quarter Financial Results
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Needham & Company Raises Price Target on Cray (CRAY) to $35 Following a 42c EPS Beat
October 30, 2015 9:42 AM EDTNeedham & Company reiterated a Buy rating on Cray (NASDAQ: CRAY), and raised the price target to $35.00 (from $31.00), following the company's 3Q earnings results. Cray reported 3Q results last night of $191.4M in revenue, well above guidance for $140M and consensus' $141M. Non-GAAP EPS of $0.48 beat... More
Cray (CRAY) Tops Q3 EPS by 42c
October 29, 2015 4:26 PM EDTCray (NASDAQ: CRAY) reported Q3 EPS of $0.48, $0.42 better than the analyst estimate of $0.06. Revenue for the quarter came in at $191.4 million versus the consensus estimate of $140.95 million.
A wide range of results remains possible for 2015. A significant portion of our expected... More
