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News Breaks
July 16, 2014
05:48 EDTCRAYCray awarded contract to install India's first Cray XC30 Supercomputer
Cray announced the company has been awarded a contract to provide the Tata Institute for Fundamental Research, or TIFR, in Mumbai with a Cray XC30 supercomputer, the first Cray XC30 system in India. TIFR is a multi-disciplinary research and teaching institute, and is also a National Centre of the Government of India and a deemed university. The Cray XC30 system will be used by a nation-wide consortium of scientists called the Indian Lattice Gauge Theory Initiative, or ILGTI. The group will research the properties of a phase of matter called the quark-gluon plasma, which existed when the universe was approximately a microsecond old. ILGTI also carries out research on exotic and heavy-flavor hadrons, which will be produced in hadron collider experiments. The Cray XC30 will be the first supercomputer located in ILGTI's new facility in Hyderabad.
News For CRAY From The Last 14 Days
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July 30, 2014
10:00 EDTCRAYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Aerohive Networks (HIVE) initiated with an Outperform at Pacific Crest... Cray (CRAY) coverage assumed with a Buy at Needham... Netgear (NTGR) initiated with a Sector Perform at Pacific Crest... NextEra Energy Partners (NEP) initiated with a Market Perform at Wells Fargo... Ruckus Wireless (RKUS) initiated with an Outperform at Pacific Crest.
09:08 EDTCRAYCray coverage assumed with a Buy at Needham
Target $37.
July 29, 2014
16:34 EDTCRAYCray sees Q3 revenue about $125M, consensus $156.85M
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16:34 EDTCRAYCray sees 2014 revenue in $600M range, consensus $599.4M
The company said, "For 2014, while a wide range of results remains possible, the Company anticipates revenue to be in the range of $600 million for the year and, as previously indicated, to be heavily weighted to the fourth quarter as has been typical in recent years. Revenue is expected to be about $125 million for the third quarter. Non-GAAP gross margin for 2014 is anticipated to be in the mid-30% range. Total non-GAAP operating expenses for the year are anticipated to be about $175 million. Based on this outlook, the Company expects to be profitable on both a GAAP and non-GAAP basis for 2014."
16:33 EDTCRAYCray reports Q2 EPS (22c), consensus (30c)
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15:53 EDTCRAYNotable companies reporting after market close
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July 16, 2014
05:48 EDTCRAYCray awarded contract to install India's first Cray XC30 Supercomputer
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