Actual results for any future period are subject to large fluctuations given the nature of Cray's business.
Generally, I don't like it when the CEO starts off press release with sentences like the following.
"We didn't achieve the financial results we were anticipating for the third quarter as a couple of large acceptances shifted out of the quarter, and we now expect to have both of them completed during the fourth quarter," said Peter Ungaro, president and CEO of Cray.
CRAY closed yesterday at $22.21. 52-week range: $12.40 - $28.59.
No comments:
Post a Comment