Cray (CRAY) Tops Q3 EPS by 42c

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Go back to Cray (CRAY) Tops Q3 EPS by 42c

Needham & Company Raises Price Target on Cray (CRAY) to $35 Following a 42c EPS Beat

October 30, 2015 9:42 AM EDT

Needham & Company reiterated a Buy rating on Cray (NASDAQ: CRAY), and raised the price target to $35.00 (from $31.00), following the company's 3Q earnings results. Cray reported 3Q results last night of $191.4M in revenue, well above guidance for $140M and consensus' $141M. Non-GAAP EPS of $0.48 beat... More