Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Cray Inc (NASDAQ: CRAY) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Cray Inc (NASDAQ: CRAY) concerning whether a series of statements by Cray Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On August 2, 2016, Cray revealed disappointing Second Quarter 2016 financial results and changed its expected outlook for 2016 due to numerous reasons, including an electrical smoke event caused by a failed manufacturing facility power component that would delay its ability to deliver some of its customer contracts.

On this news, NASDAQ: CRAY dropped from $9.47 per share to close at $21.81 per share on August 3, 2016.

Based in Seattle, Washington, and founded in 1987 Cray Inc develops, manufactures, markets, and services high-performance computing systems.

If you purchased shares of Cray Inc (NASDAQ: CRAY) on or before August 2, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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