Cray Reports 2Q'12 Results and CRAY Dumps

Cray (CRAY) reported 2Q'12 results after the markets closed yesterday (02012.07.31). Today, 02012.08.01, CRAY is down almost 4%. I thought Cray had a great quarter, but some investors don't like the company's growth prospects.

I liked the following.

"The big news of the -- for the quarter was our first ever petascale supercomputer installed on a large commercial customer."

CRAY closed at $12.43 yesterday (02012.07.31). 52-week range: $4.96 - $12.93.

[update::02012.08.02] CRAY closed at $11.37 yesterday (02012.08.01), down ~9.6% for the day. Multiple sources reported the following: "A short-sale restriction was triggered in trading of Cray's stock on the Nasdaq OMX earlier in the session."