Cray Expects To Be "Solidly Profitable" For 02012

Cray (CRAY) reported 4Q'11 results after the markets closed yesterday (02012.02.27). Cray.com::Company Reports Operating Profit for 2011 and Reiterates Strong Guidance for 2012 CRAY closed yesterday at $7.88. 52-week range: $4.96 - $8.10.

The "strong" guidance could help CRAY hit a new 52-week high when the market opens today (02012.02.28). Predicting Cray's business results is always difficult and almost every press release contains the phrase "While a wide range of results remains possible for ..."

[update::02012.02.28] It didn't happen until the end of the day, but CRAY did hit a new 52-week of $8.21 before closing at $8.20.