Cray Inc. Shares Soar to Their Highest Levels Since 2004


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NASDAQ:CRAY / NYSE:CIEN / NYSE:EMC / NYSE:T
02/18/2014 [ACCESSWIRE]

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Cray Inc. (NASDAQ: CRAY) – For an in-depth report on Cray Inc. follow: www.BullTrends.com/stockquote/CRAY

Shares of Cray Inc. closed up 39.01% on about 4.8 million shares traded. The stock was one of the biggest gainers on the NASDAQ and hit a new high of $41.83 during intra-day trading. This was a decade new high for the stock. The company reported fourth-quarter revenue that exceeded analysts’ estimates. Shares hit the highest levels since January 2004. Revenue in the fourth quarter rose 63 percent to $307.4 million, Cray said in a statement Feb. 13, exceeding analysts’ average estimate of $300.8 million, according to data compiled by Bloomberg.

Ciena Corporation (NYSE: CIEN) – For an in-depth report on Ciena Corporation follow: www.BullTrends.com/stockquote/CIEN

Shares of CIEN closed up 7.34% this past Friday with nearly 9 million shares traded. The stock was one of the biggest winners on the NYSE. The move came after the company said it inked a broad deal to have telecom equipment giant Ericsson (ERIC) partner on deals to sell Ciena’s fiber-optic and routing equipment. Ericsson shares closed up 10 cents, or 0.8%, at $12.68.

EMC Corporation (NYSE: EMC) – For an in-depth report on EMC Corporation follow: www.BullTrends.com/stockquote/EMC

EMC Corporation closed up a modest 1.28% this past Friday with about 25.6 million shares traded. The stock was one of the most active stocks trading on the NYSE. A SeekingAlpha article last week revealed that the company may be undervalued with the article giving the stock an intrinsic value estimate of $32.88 per share. EMC Corporation develops & supports the IT industry's range of information infrastructure & virtual infrastructure technologies, solutions & services.

AT&T, Inc. (NYSE: T) – For an in-depth report on AT&T, Inc. follow: http://www.bulltrends.com/stockquote/GDSM

Shares of AT&T closed down a modest 1.02% on Friday with about 18.3 million shares traded. In response to the driest California year on record and the emergency drought declaration by Governor Jerry Brown to conserve water, AT&T California President Ken McNeely today asked AT&T's 34,000 California employees to reduce their company water usage by 30% until the drought declaration is lifted.  Specifically McNeely asked employees to stop washing AT&T's California fleet of more than 15,000 vehicles, reduce facility landscape irrigation by half, turn off decorative water features or fountains at corporate buildings and remain vigilant in identifying water waste.

 

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