An investigation for investors in NASDAQ:CRAY shares over potential securities laws violations by Cray Inc. and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of Cray Inc. (NASDAQ:CRAY), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether certain 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 NASDAQ:CRAY shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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