Friday, January 9, 2015

Cray (CRAY) is Optimistic About Its Future

Cray (CRAY) reported "preliminary" 02014 results prior to the market opening today (02015.01.09). From the company's press release.
"We had a solid year and expect record revenue again in 2014 as we continue to deliver year over year growth," said Peter Ungaro, president and CEO of Cray. "While we did not complete all of the system acceptances necessary to achieve our 2014 guidance, we now expect a strong 2015 to be even stronger, as that revenue will carry over and add to 2015. With an incredible year of new contracts signed in 2014, we are building momentum in the market today across all of our product lines and we anticipate significant growth in revenue and profitability in 2015. As we look further out, we are in excellent shape to continue to capitalize on the ongoing convergence of supercomputing and big data."

CRAY closed yesterday (02015.01.08) at $34.96 and is ~17% below its 52-week high.52-week range: $24.23 - $42.09. I might be CRAzY, but I like CRAY.

[update::02015.01.09] I guess Wall Street doesn't share my opinion. CRAY is down 4+% right now (8:57am MST).

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