Edition:
United States

Cray Inc (CRAY.OQ)

CRAY.OQ on NASDAQ Stock Exchange Global Select Market

26.65USD
19 Jul 2018
Change (% chg)

-- (--)
Prev Close
$26.65
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
76,300
52-wk High
$28.55
52-wk Low
$17.70

Latest Key Developments (Source: Significant Developments)

Cray Inc, Wells Fargo, National Association Execute Second Amendment To Credit Agreement
Wednesday, 25 Apr 2018 04:43pm EDT 

April 25 (Reuters) - Cray Inc ::CRAY SAYS ON APRIL 20, CO, WELLS FARGO BANK, NATIONAL ASSOCIATION EXECUTED SECOND AMENDMENT TO CREDIT AGREEMENT DATED JANUARY 7, 2016 - SEC FILING.CRAY INC - PURSUANT TO AMENDMENT, CREDIT FACILITY WAS REDUCED FROM $50.0 MILLION TO $15.0 MILLION.  Full Article

Cray Inc Q4 Loss Per Share $2.42
Thursday, 15 Feb 2018 04:05pm EST 

Feb 15 (Reuters) - Cray Inc ::. REPORTS 2017 FULL YEAR AND FOURTH QUARTER FINANCIAL RESULTS.Q4 NON-GAAP EARNINGS PER SHARE $0.22.Q4 LOSS PER SHARE $2.42.Q4 REVENUE $166.6 MILLION VERSUS $346.6 MILLION.SEES Q1 2018 REVENUE ABOUT $50 MILLION.SEES FY 2018 REVENUE UP 10 TO 15 PERCENT.SAYS EFFECTIVE GAAP AND NON-GAAP TAX RATES FOR 2018 ARE EXPECTED TO BE IN LOW-SINGLE DIGIT RANGE, ON PERCENTAGE BASIS.  Full Article

Cray Sees Fy 2017 Revenue About $390 Million
Tuesday, 16 Jan 2018 08:30am EST 

Jan 16 (Reuters) - Cray Inc ::CRAY ANNOUNCES SELECTED PRELIMINARY 2017 FINANCIAL RESULTS.SEES FY 2017 REVENUE ABOUT $390 MILLION.SEES FY 2018 REVENUE UP 10 TO 15 PERCENT.SEES Q1 2018 REVENUE ABOUT $50 MILLION.CRAY- ESTIMATES IMPACT OF TAX CUTS AND JOBS ACT WILL RESULT IN REDUCTION TO CO'S GAAP EARNINGS FOR Q4, YEAR ENDED DEC 31, 2017 IN RANGE OF $30-35 MILLION.  Full Article

Cray ‍says Cray Advanced Supercomputer to assist Samsung's research on artificial intelligence, deep learning​
Tuesday, 14 Nov 2017 03:01am EST 

Nov 14 (Reuters) - Cray Inc -:‍CRAY ADVANCED SUPERCOMPUTER TO ASSIST SAMSUNG'S RESEARCH ON ARTIFICIAL INTELLIGENCE AND DEEP LEARNING​.  Full Article

Cray Inc Q3 non-GAAP loss per share $0.33
Monday, 30 Oct 2017 04:05pm EDT 

Oct 30 (Reuters) - Cray Inc ::Cray Inc reports third quarter 2017 financial results.Q3 non-GAAP loss per share $0.33.Q3 loss per share $0.25.Q3 revenue $79.7 million versus $77.5 million.Sees fy 2018 revenue up 10 percent.Sees fy 2017 revenue $400 million.Sees Q1 2018 revenue about $75 million.  Full Article

Cray to offer its supercomputing systems in Microsoft azure datacenters​
Monday, 23 Oct 2017 09:01am EDT 

Oct 23 (Reuters) - Cray Inc ::Cray- strategic alliance with Microsoft where cos to jointly engage with customers to offer Cray supercomputing systems in Microsoft azure datacenters​.  Full Article

Cray awarded $48 mln contract from the Korea Institute Of Science And Technology Information
Thursday, 21 Sep 2017 04:05pm EDT 

Sept 21 (Reuters) - Cray Inc :Cray awarded $48 million contract from the Korea Institute Of Science And Technology Information.Cray-Korea Institute Of Science And Technology Information has awarded co contract valued at more than $48 million for a Cray CS500 Cluster Supercomputer​.  Full Article

Cray Q2 loss per share $0.17
Thursday, 27 Jul 2017 04:05pm EDT 

July 27 (Reuters) - Cray Inc :Cray Inc. Reports second quarter 2017 financial results.Q2 non-GAAP loss per share $0.20.Q2 loss per share $0.17.Q2 revenue $87.1 million versus $100.2 million.Q2 revenue view $66.4 million -- Thomson Reuters I/B/E/S.Q2 earnings per share view $-0.53 -- Thomson Reuters I/B/E/S.Sees Q3 2017 revenue about $60 million.Sees FY 2017 revenue $400 million.Cray inc says GAAP and non-GAAP gross margins for year are expected to be in low-to-mid 30% range.  Full Article

Cray to expand storage portfolio through strategic transaction and partnership with Seagate
Wednesday, 26 Jul 2017 07:15pm EDT 

July 26 (Reuters) - Cray Inc :Cray to expand storage portfolio through strategic transaction and partnership with Seagate.Cray expects net impact of transaction for Cray to be in range of breakeven for 2018.Expects to add more than 100 employees, primarily in research and development, customer service and channel and reseller support.  Full Article

Cray Inc says company commenced implementing a restructuring plan​
Wednesday, 19 Jul 2017 09:13am EDT 

July 19 (Reuters) - Cray Inc :Cray Inc - ‍on July 18, 2017, Cray Inc commenced implementing a restructuring plan​.Cray Inc - ‍expects to reduce its workforce by about 190 employees​.Cray Inc - majority of cash payments related to restructuring charges are expected to be paid during quarterly period ending September 30, 2017.Cray Inc says once restructuring plan fully implemented, company anticipates annualized savings from actions will be in range of $25.0 million.Cray says ‍in connection with restructuring plan, estimates that it will incur aggregate restructuring charges in range of $10.0 million - SEC filing​.Cray Inc - remainder of cash payments related to restructuring charges expected to be paid over following quarters after quarter ending September 30, 2017.Cray Inc - part of annualized savings from restructuring will benefit gross margin, but a significant majority will affect operating expenses.  Full Article

BRIEF-Cray Inc Q4 Loss Per Share $2.42

* . REPORTS 2017 FULL YEAR AND FOURTH QUARTER FINANCIAL RESULTS