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CRAY

Cray

$24.15

0.7 (2.99%)

16:21
02/15/18
02/15
16:21
02/15/18
16:21

Cray sees Q1 revenue $50M, consensus $50M

For 2018, while a wide range of results remains possible, Cray continues to expect revenue to grow in the range of 10-15% over 2017. Revenue is expected to be about $50 million for the first quarter of 2018. For 2018, GAAP and non-GAAP gross margins are expected to be in the low- to mid-30% range. Non-GAAP operating expenses for 2018 are expected to be in the range of $190 million. For 2018, non-GAAP adjustments are expected to total about $14 million, driven primarily by share-based compensation. For the year, GAAP operating expenses are anticipated to be about $12 million higher than non-GAAP operating expenses, and GAAP gross profit is expected to be about $2 million lower than non-GAAP gross profit.

  • 15

    Feb

  • 26

    Feb

CRAY Cray
$24.15

0.7 (2.99%)

11/14/17
WELS
11/14/17
INITIATION
Target $26
WELS
Outperform
Cray initiated with an Outperform at Wells Fargo
Wells Fargo analyst Aaron Rakers initiated coverage of Cray with an Outperform rating and $26 price target. The analyst calls the company one of his top picks in IT Infrastructure & Communications Equipment.
11/21/17
CHLM
11/21/17
UPGRADE
CHLM
Buy
Cray upgraded to Buy from Hold at Craig-Hallum
11/21/17
11/21/17
UPGRADE
Target $28

Buy
Cray upgraded to Buy at Craig-Hallum
As previously reported, Craig-Hallum analyst Chad Bennett upgraded Cray to Buy from Hold as he believes 2017 is likely to be the fundamental bottom in the HPC market and Cray is on the cusp of a new HPC product cycle that will last the next 4-5 years. The analyst also raised his price target on the shares to $28 from $21.
11/21/17
11/21/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Urban Outfitters (URBN) upgraded to Overweight from Neutral at JPMorgan with analyst Matthew Boss saying same-store sales at the company's three concepts turned positive in the third quarter for the first time since the first half of 2015. 2. Deere (DE) upgraded to Outperform from Neutral at Baird with analyst Mig Dobre noting he recently downgraded the shares on concerns another record corn crop would pressure prices and push out or moderate the recovery in North American agricultural equipment demand. He acknowledged those fears did not materialize as equipment demand in October was very strong with ag dealers pointing to emerging replacement demand in spite of low crop prices. Dobre raised his price target to $155 from $140 on Deere shares. 3. Cray (CRAY) upgraded to Buy from Hold at Craig-Hallum with analyst Chad Bennett saying he believes 2017 is likely to be the fundamental bottom in the HPC market and Cray is on the cusp of a new HPC product cycle that will last the next 4-5 years. 4. T-Mobile (TMUS) upgraded to Buy from Hold at HSBC with analyst Sunil Rajgopal saying the stock continues to outperform competitors with high single-digit growth in mobile service revenues and EBITDA. 5. Copa Holdings (CPA) upgraded to Overweight from Neutral at JPMorgan with analyst Fernando Abdalla saying the demand outlook for 2018 is promising, while management remains engaged in reducing operating costs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

BNFT

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AGCO

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NVS

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SQ

Square

$59.91

1.28 (2.18%)

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PAYX

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$64.32

-0.63 (-0.97%)

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$36.70

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FSNUY

Fresenius SE

$0.00

(0.00%)

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BNFT

Benefitfocus

$49.88

-1.99 (-3.84%)

20:19
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FN

Fabrinet

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2.17 (4.43%)

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SEE

Sealed Air

$33.96

0.17 (0.50%)

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CAT

Caterpillar

$124.29

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XOM

Exxon Mobil

$71.99

-2.01 (-2.72%)

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  • 10

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CBS

CBS

$46.21

-0.6 (-1.28%)

, DIS

Disney

$109.43

-1.2 (-1.08%)

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DIS

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FOX

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FOXA

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TRCO

Tribune Media

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JBL

Jabil

$22.21

0.65 (3.01%)

, SCS

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$14.19

0.02 (0.14%)

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SCS

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ADMS

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ANGI

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MU

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LRCX

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AMAT

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FDX

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SURF

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GSAT

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CBS

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  • 19

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AMTB

Mercantil Bank

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QDEL

Quidel

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AAOI

Applied Optoelectronics

$15.40

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, ACIA

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FN

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WGO

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  • 19

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CVS

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$69.55

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, AET

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$0.00

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  • 07

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FDX

FedEx

$185.01

2.81 (1.54%)

, AMZN

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VZ

Verizon

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  • 07

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CE

Celanese

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0.98 (1.16%)

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FDX

FedEx

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2.81 (1.54%)

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  • 18

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FDX

FedEx

$185.01

2.81 (1.54%)

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  • 18

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VVV

Valvoline

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