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)

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs