CRAY INC (CRAY) Upgraded by Zacks to OUTPERFORM

Zacks Zacks Investment Research upgraded shares of CRAY INC (CRAY) from NEUTRAL to OUTPERFORM on August 02, 2012, with a target price of $13.20.

Cray Inc., formerly Tera Computer Company, designs, builds and sells high-performance vector processor and general-purpose parallel computer systems. The company has leading edge technology, multiple product platforms, annual revenues, nearly 900 employees, major manufacturing and service capabilities, and extensive global customer relationships. (PRESS RELEASE)

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