An investigation for investors in Cray Inc. (NASDAQ:CRAY) shares over potential securities laws violations by Cray Inc. was announced and NASDAQ:CRAY stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/09/2016 -- Cray Inc is under investigation over potential securities laws violations. The investigation was announced for investors in NASDAQ:CRAY shares in connection certain financial statements made by Cray Inc.
Investors who purchased shares of Cray Inc. (NASDAQ:CRAY), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by Cray regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 22, 2016, Cray Inc. reported its full year and fourth quarter financial results. Cray Inc. reported that its annual Total Revenue rose from $561.61 million in 2014 to $724.69 million in 2015 and that its Net Income declined from $62.32 million to $27.54 million in 2015.
Shares of Cray Inc. (NASDAQ:CRAY) grew from $19.31 per share in September 2015 to as high as $43.06 per share in March 2016.
On May 3, 2016, Cray Inc. reported its first quarter 2016 financial results and issued its outlook for 2016.
Shares of Cray Inc. (NASDAQ:CRAY) declined from $39.93 per share on May 3, 2016, to as low as $28.75 per share on May 4, 2016.
Those who purchased shares of Cray Inc. have certain options and should contact the Shareholders Foundation.
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