NASDAQ:ARAY - Accuray Stock Price, Forecast & News

Accuray trades on the NASDAQ under the ticker symbol "ARAY."

Accuray Incorporated (NASDAQ:ARAY) released its quarterly earnings data on Tuesday, January, 28th. The medical equipment provider reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.19. The medical equipment provider had revenue of $98.83 million for the quarter, compared to the consensus estimate of $98.45 million. Accuray had a negative return on equity of 35.92% and a negative net margin of 4.02%. During the same period last year, the business posted ($0.05) EPS. View Accuray's Earnings History.

Accuray is scheduled to release their next quarterly earnings announcement on Tuesday, April 28th 2020. View Earnings Estimates for Accuray.

Accuray updated its FY 2020 After-Hours earnings guidance on Tuesday, January, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $410-420 million, compared to the consensus revenue estimate of $412.77 million.

2 analysts have issued 12-month price targets for Accuray's shares. Their forecasts range from $4.00 to $9.50. On average, they expect Accuray's share price to reach $6.75 in the next twelve months. This suggests a possible upside of 57.7% from the stock's current price. View Analyst Price Targets for Accuray.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Accuray in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Accuray.

News stories about ARAY stock have been trending very positive on Wednesday, InfoTrie reports. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Accuray earned a news impact score of 3.3 on InfoTrie's scale. They also assigned media headlines about the medical equipment provider a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an impact on the company's share price in the next several days. View News Stories for Accuray.

Some companies that are related to Accuray include Abbott Laboratories (ABT), Medtronic (MDT), Stryker (SYK), Becton Dickinson and (BDX), Intuitive Surgical (ISRG), Boston Scientific (BSX), Edwards Lifesciences (EW), Baxter International (BAX), IDEXX Laboratories (IDXX), ResMed (RMD), DexCom (DXCM), Teleflex (TFX), Hologic (HOLX), Varian Medical Systems (VAR) and Steris (STE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Accuray investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Activision Blizzard (ATVI), Intel (INTC), Tesla (TSLA), Corbus Pharmaceuticals (CRBP), Cypress Semiconductor (CY), FireEye (FEYE), Inovio Pharmaceuticals (INO) and QUALCOMM (QCOM).

Accuray's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Lapides Asset Management LLC (1.48%), Assenagon Asset Management S.A. (0.50%), California Public Employees Retirement System (0.19%) and SG Americas Securities LLC (0.02%). Company insiders that own Accuray stock include Alaleh Nouri, Andrew J Kirkpatrick, Jesse Chew, Joseph E Whitters, Joshua Levine, Kevin Waters, Patrick Spine and Shigeyuki Hamamatsu. View Institutional Ownership Trends for Accuray.

ARAY stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Lapides Asset Management LLC, California Public Employees Retirement System and SG Americas Securities LLC. Company insiders that have bought Accuray stock in the last two years include Joseph E Whitters and Joshua Levine. View Insider Buying and Selling for Accuray.

Shares of ARAY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of ARAY stock can currently be purchased for approximately $4.28.

Accuray has a market capitalization of $381.05 million and generates $418.79 million in revenue each year. The medical equipment provider earns $-16,430,000.00 in net income (profit) each year or ($0.15) on an earnings per share basis. Accuray employs 998 workers across the globe.View Additional Information About Accuray.

The official website for Accuray is http://www.accuray.com/.

Accuray's mailing address is 1310 CHESAPEAKE TERRACE, SUNNYVALE CA, 94089. The medical equipment provider can be reached via phone at 408-716-4600 or via email at investors.accuray.com.