Seeking Alpha

Cray (CRAY +10.8%) is rallying after delivering a Q3 beat and providing implied Q4 revenue...

Cray (CRAY +10.8%) is rallying after delivering a Q3 beat and providing implied Q4 revenue guidance of $218M, above a $211.9M consensus. Q3 gross margin was 48%, up 700 bps Q/Q and 400 bps Y/Y. Cray shares have had a pretty good year. Separately, Cray has announced it's acquiring fellow supercomputer maker Appro for $25M in cash. Appro specializes in cluster systems, an increasingly popular architecture that involves using hundreds or thousands of distributed nodes. (PR)

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