Monksdream
1 year ago
Accuray Inc NASDAQ: ARAY
GoSymbol lookup
Health Care : Health Care Equipment & Supplies | Small Cap BlendCompany profile
Accuray Incorporated is a radiation therapy company. The Company develops, manufactures, sells, and supports solutions that are designed to deliver radiation treatments. Its solutions are designed to advance patient care during each individual treatment, throughout the treatment process, and at each stage of the cancer treatment journey, from curative to palliative treatments. Its technologies, the CyberKnife and TomoTherapy platforms, including the Radixact System, its TomoTherapy platform, are designed to deliver advanced treatments, including stereotactic radiosurgery (SRS), stereotactic body radiation therapy (SBRT), intensity modulated radiation therapy (IMRT), image-guided radiation therapy (IGRT), and adaptive radiation therapy (ART). In addition to these products, the Company also provides services, which include post-contract customer support (warranty period services and post warranty services), installation services, training, and other professional services.
New 52 week high
Accuray Inc NASDAQ: ARAY
GoSymbol lookup
Health Care : Health Care Equipment & Supplies | Small Cap BlendCompany profile
Accuray Incorporated is a radiation therapy company. The Company develops, manufactures, sells, and supports solutions that are designed to deliver radiation treatments. Its solutions are designed to advance patient care during each individual treatment, throughout the treatment process, and at each stage of the cancer treatment journey, from curative to palliative treatments. Its technologies, the CyberKnife and TomoTherapy platforms, including the Radixact System, its TomoTherapy platform, are designed to deliver advanced treatments, including stereotactic radiosurgery (SRS), stereotactic body radiation therapy (SBRT), intensity modulated radiation therapy (IMRT), image-guided radiation therapy (IGRT), and adaptive radiation therapy (ART). In addition to these products, the Company also provides services, which include post-contract customer support (warranty period services and post warranty services), installation services, training, and other professional services.
New 52 week high
Monksdream
1 year ago
Accuray Inc NASDAQ: ARAY
GoSymbol lookup
Health Care : Health Care Equipment & Supplies | Small Cap BlendCompany profile
Accuray Incorporated is a radiation therapy company. The Company develops, manufactures, sells, and supports solutions that are designed to deliver radiation treatments. Its solutions are designed to advance patient care during each individual treatment, throughout the treatment process, and at each stage of the cancer treatment journey, from curative to palliative treatments. Its technologies, the CyberKnife and TomoTherapy platforms, including the Radixact System, its TomoTherapy platform, are designed to deliver advanced treatments, including stereotactic radiosurgery (SRS), stereotactic body radiation therapy (SBRT), intensity modulated radiation therapy (IMRT), image-guided radiation therapy (IGRT), and adaptive radiation therapy (ART). In addition to these products, the Company also provides services, which include post-contract customer support (warranty period services and post warranty services), installation services, training, and other professional services.
New 52 week high
realfast95
4 years ago
First Quarter Fiscal 2021 Summary
Net revenue of $85.3 million, operating income of $5.5 million
Adjusted EBITDA grew to $9 million from a loss of $1 million in the prior year first quarter
Gross orders of $50.5 million, ending backlog of $597.3 million, an increase of 21 percent from September 30, 2019
Other Recent Operational Highlights
Expect revenue recognition for China Type A systems previously awarded in October 2019 to start in the second quarter of fiscal 2021
Introduced ClearRT™ Helical kVCT Imaging for the Radixact System at ASTRO 2020
44 clinical abstracts related to customer clinical experience on CyberKnife and TomoTherapy/Radixact exhibited at ASTRO 2020 Scientific Sessions
"We are off to a solid start in fiscal 2021 despite the headwinds created by the COVID-19 environment. Our global team continues to adapt and make the necessary adjustments to compete and operate effectively given the current market conditions and delivered the fourth consecutive quarter of operating profit, said Joshua H. Levine, President and CEO of Accuray. "Looking ahead, we will be focused on driving the revenue conversion process related to the China Type A systems beginning in the second quarter. Concurrent with this year's recent ASTRO meeting, we have received very positive customer feedback related to the introduction of our ClearRT™ Helical kVCT imaging upgrade for the Radixact System as we drive our long-term strategic commitment to continued innovation."
Q1 Fiscal 2021 Financial Highlights
Gross product orders totaled $50.5 million for the first quarter of fiscal 2021 compared to $78.5 million for the prior fiscal year first quarter. Order backlog as of September 30, 2020 was $597.3 million, approximately 21 percent higher than at the end of the prior fiscal year first quarter.
Total net revenue was $85.3 million for the first quarter of fiscal 2021 compared to $89.6 million for the prior fiscal year first quarter. Product revenue totaled $31.3 million for the first quarter of fiscal 2021 compared to $37.6 million for the prior fiscal year first quarter, while service revenue totaled $54.1 million for the first quarter of fiscal 2021 compared to $52.0 million for the prior fiscal year first quarter.
Total gross profit for the first quarter of fiscal 2021 was $35.4 million or approximately 41.5 percent of total net revenue, comprised of product gross margin of 41.1 percent of product net revenue and service gross margin of 41.7 percent of service net revenue. This compares to total gross profit of $32.9 million or 36.8 percent of total net revenue, comprised of product gross margin of 42.6 percent of product net revenue and service gross margin of 32.5 percent of service net revenue for the prior fiscal year first quarter.
Net income was $0.4 million, or $0.0 per share, for the first quarter of fiscal 2021, compared to a net loss of $9.4 million, or a loss of $0.11 per share, for the prior fiscal year first quarter.
Adjusted EBITDA for the first quarter of fiscal 2021 was a positive $9.0 million, compared to a negative $1.0 million for the prior fiscal year first quarter.
Cash, cash equivalents, and short-term restricted cash were $95.5 million as of September 30, 2020, a decrease of $13.1 million from June 30, 2020 primarily due to a $10 million prepayment in principal with respect to our long-term debt.
Financial Guidance
The impact of the COVID-19 pandemic on Accuray's fiscal 2021 results remains uncertain. Given the continued evolution of the COVID-19 pandemic and the uncertainty surrounding its impact on the global economy and the healthcare industry, Accuray believes it is prudent to refrain from providing financial guidance for fiscal year 2021.
realfast95
4 years ago
CMS 'pouring fuel on the fire' for Accuray with APM rule, says Lake Street 09:18 ARAY Lake Street analyst Brooks O'Neil said he believes Accuray is "exceptionally well-positioned to win" as healthcare markets globally stabilize after the COVID-19 pandemic, adding that CMS "is pouring fuel on the fire" by publishing a final rule related to an Alternate Payment Model now set to begin in 30% of the U.S. on January 1, 2021. The CMS rule will reward providers who utilize the high intensity, low frequency treatments pioneered by Accuray, according to O'Neil, who also sees the company as "on the cusp of the incredible opportunity to begin to deliver both Type A and Type B equipment to the massive China market over the next several quarters." O'Neil keeps a Buy rating and $10 price target on Accuray shares.
Read more at:
https://thefly.com/n.php?id=3166628
This was from Monday 9/28/20
whytestocks
5 years ago
News: $ARAY Accuray To Report Fiscal 2019 Fourth Quarter and Full Year Financial Results on August 15, 2019
SUNNYVALE, Calif. , July 19, 2019 /PRNewswire/ -- Accuray Incorporated (NASDAQ: ARAY) will report results for its fourth quarter and fiscal year 2019 ended June 30, 2019 on Thursday, August 15, 2019 after the market close. Management will host a conference call to review the res...
Read the whole news Accuray To Report Fiscal 2019 Fourth Quarter and Full Year Financial Results on August 15, 2019
stocktrademan
9 years ago
$ARAY recent news/filings
bullish 7.03
bull flag continuation
moving average support
moving average breakout
## source: finance.yahoo.com
Fri, 27 Nov 2015 12:03:55 GMT ~ Is Accuray Incorporated (ARAY) a Good Buy?
read full: http://www.insidermonkey.com/blog/is-accuray-incorporated-aray-a-good-buy-390968/
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Sat, 21 Nov 2015 18:25:37 GMT ~ Healthways, Inc. (HWAY): Are Hedge Funds Right To Leave This Stock?
read full: http://www.insidermonkey.com/blog/healthways-inc-hway-are-hedge-funds-right-to-leave-this-stock-385630/
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Fri, 20 Nov 2015 21:06:30 GMT ~ ACCURAY INC Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
read full: http://biz.yahoo.com/e/151120/aray8-k.html
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Mon, 16 Nov 2015 21:32:00 GMT ~ SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Involving Possible Breaches of Fiduciary Duty by the Board of Accuray Incorporated
[Accesswire] - NEW YORK, NY / ACCESSWIRE / November 16, 2015 / Levi & Korsinsky announces it has commenced an investigation of Accuray Incorporated (NASDAQGS: ARAY) concerning possible breaches of fiduciary duty by the ...
read full: http://finance.yahoo.com/news/shareholder-alert-levi-korsinsky-llp-213200757.html
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Fri, 13 Nov 2015 18:04:17 GMT ~ ACCURAY INC Financials
read full: http://finance.yahoo.com/q/is?s=aray
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$ARAY charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$ARAY company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/ARAY/company-info
Ticker: $ARAY
OTC Market Place: Not Available
CIK code: 0001138723
Company name: Accuray, Inc.
Incorporated In: DE, USA
$ARAY share structure
## source: otcmarkets.com
Market Value: $561,485,784 a/o Nov 27, 2015
Shares Outstanding: 79,869,955 a/o Oct 28, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$ARAY extra dd links
Company name: Accuray, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=ARAY+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=ARAY+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=ARAY+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/ARAY/news - http://finance.yahoo.com/q/h?s=ARAY+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/ARAY/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/ARAY/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=ARAY+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/ARAY
DTCC (dtcc.com): http://search2.dtcc.com/?q=Accuray%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Accuray%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Accuray%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/ARAY
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001138723&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/ARAY/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/ARAY/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=ARAY&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=ARAY
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/ARAY/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=ARAY+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=ARAY+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=ARAY
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=ARAY
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=ARAY+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/ARAY/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=ARAY+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/ARAY.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=ARAY
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/ARAY/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/ARAY
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/ARAY
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/ARAY:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=ARAY
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=ARAY
$ARAY DD Notes ~ http://www.ddnotesmaker.com/ARAY
stocktrademan
9 years ago
$ARAY recent news/filings
bearish daytrade
## source: finance.yahoo.com
Mon, 11 May 2015 00:11:51 GMT ~ 10-Q for Accuray, Inc.
read full: http://www.companyspotlight.com/routers/headline/18143/10004/6514368?cp_code=YAH1&1431303111
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Thu, 07 May 2015 10:09:36 GMT ~ ACCURAY INC Files SEC form 10-Q, Quarterly Report
read full: http://biz.yahoo.com/e/150507/aray10-q.html
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Tue, 05 May 2015 17:40:05 GMT ~ Accuray Q3 Loss Narrower than Expected, Revenues Lag - Analyst Blog
read full: http://finance.yahoo.com/news/accuray-q3-loss-narrower-expected-174005306.html
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Tue, 05 May 2015 13:00:00 GMT ~ Accuray to Participate in the Bank of America Merrill Lynch 2015 Healthcare Conference
[PR Newswire] - A live webcast of the presentation will be available on the Investor Relations page of the Company's website at http://www.accuray.com/investors. The webcast replay of the presentation will begin approximately one hour after the conclusion of the live presentation and will be available for approximately 30 days.
read full: http://finance.yahoo.com/news/accuray-participate-bank-america-merrill-130000619.html
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Thu, 30 Apr 2015 22:36:19 GMT ~ Accuray slides in late trading after cutting revenue outlook
read full: http://sg.finance.yahoo.com/news/accuray-slides-trading-cutting-revenue-223619060.html
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$ARAY charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$ARAY company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/ARAY/company-info
Ticker: $ARAY
OTC Market Place: Not Available
CIK code: 0001138723
Company name: Accuray, Inc.
Incorporated In: CA, USA
$ARAY share structure
## source: otcmarkets.com
Market Value: $485,849,250 a/o May 13, 2015
Shares Outstanding: 78,489,378 a/o Jan 30, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$ARAY extra dd links
Company name: Accuray, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=ARAY+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=ARAY+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=ARAY+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/ARAY/news - http://finance.yahoo.com/q/h?s=ARAY+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/ARAY/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/ARAY/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=ARAY+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/ARAY
DTCC (dtcc.com): http://search2.dtcc.com/?q=Accuray%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Accuray%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Accuray%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/ARAY
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001138723&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/ARAY/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/ARAY/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=ARAY&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=ARAY
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/ARAY/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=ARAY+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=ARAY+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=ARAY
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=ARAY
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=ARAY+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/ARAY/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=ARAY+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/ARAY.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=ARAY
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/ARAY/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/ARAY/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/ARAY
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/ARAY
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/ARAY:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=ARAY
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=ARAY
$ARAY DD Notes ~ http://www.ddnotesmaker.com/ARAY
surf1944
11 years ago
Accuray rises premarket as 4Q orders improve
Accuray rises after company says radiation therapy system orders got better in 4th quarter
Associated PressAssociated Press – 1 hour 15 minutes ago
NEW YORK (AP) -- Shares of Accuray climbed in premarket trading Wednesday after the radiation-treatment equipment maker said new orders are improving.
Accuray reported its fiscal fourth-quarter results after the market closed on Tuesday. Its loss narrowed from a year ago despite a decline in revenue. Net new product orders rose 32 percent from last year, and the company said its backlog has grown over the last three months and is larger than it was a year ago.
Accuray shares picked up 50 cents, or 8.2 percent, to $6.60 in premarket trading.
The Sunnyvale, Calif., company sells radiation therapy systems under the names CyberKnife and TomoTherapy. Accuray said it took a loss of $18.7 million, or 25 cents per share, over the three months ended June 30. Accuray Inc. took a loss of $20.3 million, or 28 cents per share, a year earlier.
If one-time items are excluded the company said it lost 20 cents per share in the fourth quarters of fiscal 2013 and 2012. Revenue fell 16 percent, to $84.9 million from $100.5 million.
Analysts were expecting a loss of 20 cents per share on $84.3 million in revenue, according to FactSet.
Jefferies & Co. analyst Raj Denhoy said Accuray is moving in the right direction because orders are increasing and the company is getting better at keeping its costs under control. He kept a "Buy" rating on the stock and raised his price target to $8 per share from $6.50.
Accuray said it lost $103.2 million, or $1.41 per share, in fiscal 2013 after losing $72 million, or $1.02 per share, the year before. Revenue fell 23 percent, to $316 million from $409.2 million.
The company expects to report $325 million to $345 million in revenue in fiscal 2014. Analysts estimate $359.6 million on average.
surf1944
12 years ago
8:41AM Accuray: Presentations at radiation oncology meeting highlight CyberKnife prostate outcomes from patients at more than 40 centers (ARAY) 6.91 : Co announced today clinical findings using non-invasive CyberKnife? stereotactic body radiation therapy for the treatment of prostate cancer. Two studies presented at the 54th Annual American Society for Radiation Oncology (ASTRO) Meeting in Boston were selected by ASTRO for presentation to the media at a prostate-focused press conference on Tuesday, October 30, 2012, for which the use of CyberKnife SBRT for prostate cancer represented half of the press conference's focus. Patients were followed for a median of 36 months, and close to half were followed for at least four years, as updated by Dr. Katz during his presentation. Actuarial five-year disease-free survival was 95 percent for low-risk patients, 90 percent for intermediate-risk patients and 80 percent for high-risk patients. These findings compare favorably with other surgical and radiation-based treatments