SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Violations of Federal Securities Laws by Certain Officers and Directors of Cray Inc.

NEW YORK--(BUSINESS WIRE)--

Levi & Korsinsky announces it has commenced an investigation of Cray Inc. CRAY ("Cray") concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.

On August 2, 2016, the Company released disappointing Second Quarter 2016 financial results and changed its expected outlook for 2016. Cray announced the "change in the Company's revenue outlook was driven by numerous factors, including "a very recent electrical smoke event caused by a failed manufacturing facility power component that will delay the Company's ability to deliver on some customer contracts in 2016, including an impact on anticipated third quarter revenue." They further noted that some of the systems damaged by the smoke event were "key pieces of larger customer solutions." Following this news, shares of Cray fell from a close of $31.28 per share on August 2, 2016, to a close of $21.81 per share the following day. To obtain additional information, go to:

http://www.zlkdocs.com/CRAY-Info-Request-Form-4642

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160804006016/en/