Wednesday, July 30, 2014

Cray (CRAY) Reports 2Q'14 Results (Spike Up, Spike Down)

Cray (CRAY) had a gap open at $30.00 today (02014.07.30) after a previous close of $29.01. Spiked to an early intra-day high of $31.35 before falling to an early intra-day low of $27.79.
"Over the last few months we've been on an incredible run of customer wins in both the U.S. and around the world," said Peter Ungaro, president and CEO of Cray. "These awards, some of them multi-year in nature, reaffirm our belief that we're in a great position to continue to grow, not only in 2014 but also over the coming years. Our products are competitively strong, with each of our development roadmaps being driven by the continuing convergence of supercomputing and big data we're seeing in the market. We believe we're in a great position to capitalize on this exciting market evolution and to continue to build on our market leadership."

Why is CRAY a GDT::Portfolio stock? It's because of the continuing convergence of supercomputing and big data.

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