Accuray Incorporated designs, develops, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the body. The company offers the CyberKnife System, a robotic stereotactic radiosurgery and stereotactic body radiation therapy system used for the treatment of various types of cancer and tumors in the body. The CyberKnife System automatically tracks, detects, and corrects for tumor and patient movement in real-time during the procedure, as well as enables the delivery of precise, high dose radiation while patients breathe normally. It also offers the TomoTherapy System, which consists of an integrated and versatile radiation therapy system used for the treatment of a range of cancer types. The company markets its products in the United States directly, as well as through a sales agent and group purchasing organizations; and directly and through distributors and sales agents in Europe, Japan and other countries of Asia, South America, and internationally to hospitals and stand-alone treatment facilities. Accuray Incorporated was incorporated in 1990 and is headquartered in Sunnyvale, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Surgical & medical instruments
Sub-IndustryHealth Care Equipment
SectorMedical
Current SymbolNASDAQ:ARAY
Previous Symbol
CUSIP00439710
Phone408-716-4600
Debt
Debt-to-Equity Ratio2.74
Current Ratio1.69
Quick Ratio0.96
Price-To-Earnings
Trailing P/E Ratio-17.00
Forward P/E Ratio-34.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$404.90 million
Price / Sales1.02
Cash FlowN/A
Price / CashN/A
Book Value$0.57 per share
Price / Book8.35
Profitability
EPS (Most Recent Fiscal Year)($0.28)
Net Income$-23,890,000.00
Net Margins-5.79%
Return on Equity-42.24%
Return on Assets-5.17%
Miscellaneous
Employees998
Outstanding Shares86,660,000
Market Cap$434.17 million
OptionableOptionable
Accuray (NASDAQ:ARAY) Frequently Asked Questions
What is Accuray's stock symbol?
Accuray trades on the NASDAQ under the ticker symbol "ARAY."
How were Accuray's earnings last quarter?
Accuray Incorporated (NASDAQ:ARAY) issued its earnings results on Tuesday, October, 30th. The medical equipment provider reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by $0.02. The medical equipment provider earned $95.83 million during the quarter, compared to analysts' expectations of $95.10 million. Accuray had a negative return on equity of 42.24% and a negative net margin of 5.79%. During the same quarter in the previous year, the company earned ($0.11) EPS. View Accuray's Earnings History.
When is Accuray's next earnings date?
What price target have analysts set for ARAY?
6 analysts have issued 12 month target prices for Accuray's shares. Their forecasts range from $3.90 to $10.00. On average, they anticipate Accuray's stock price to reach $6.38 in the next year. This suggests a possible upside of 34.0% from the stock's current price. View Analyst Price Targets for Accuray.
What is the consensus analysts' recommendation for Accuray?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Accuray in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Accuray.
What are Wall Street analysts saying about Accuray stock?
Here are some recent quotes from research analysts about Accuray stock:
- 1. BTIG Research analysts commented, "While we were out sick, Accuray posted a ~$6M revenue beat but missed gross order expectations. Although the company fell short of its guided 5% y/y growth in gross orders for FY18, we liked the sales step up, strong revenue guidance for FY19, and the increasing funnel of anticipated multi- system orders. The company’s decision to move away from annual gross order guidance may bother some but is probably the correct move given mgmt’s inability to consistently accurately predict this. Pinning down an order growth rate is likely to become more challenging, as we expect more multi-system orders to add timing unpredictability and more lumpiness to quarterly numbers. Overall, while it may be tougher – at least near term – to get visibility into quarterly orders, we see larger multi-unit bookings as a win for ARAY." (8/22/2018)
- 2. According to Zacks Investment Research, "Accuray successfully rides on the market’s solid response to the Radixact platform. Recently, the Radixact X9 received the AERB approval for its sale in India. Growing adoption of non-surgical treatment options, successful execution of restructuring plans and accretive acquisitions are other positives. A series of software upgradation has been another growth driver. These upgrades include integrated data management system (IDMS) and Accuray Precision Treatment Planning Software. On the flip side, the company lowered the EBITDA expectations largely due to strategic investments and lower-than-expected gross margins. Long sales and implementation cycle of the CyberKnife and TomoTherapy systems is a headwind, keeping margins under pressure. Furthermore, unfavorable product mix, declining service revenues, sluggish macro-economic conditions and pricing headwinds are major concerns. Accuray has underperformed the industry in the past three months." (7/3/2018)
Has Accuray been receiving favorable news coverage?
News headlines about ARAY stock have been trending positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Accuray earned a media sentiment score of 2.6 on InfoTrie's scale. They also gave media stories about the medical equipment provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future.
Who are some of Accuray's key competitors?
Some companies that are related to Accuray include Mazor Robotics (MZOR), Atrion (ATRI), Nevro (NVRO), AtriCure (ATRC), K2M Group (KTWO), Luminex (LMNX), Orthofix Medical (OFIX), Tactile Systems Technology (TCMD), Cryolife (CRY), Cardiovascular Systems (CSII), Intersect ENT (XENT), SurModics (SRDX), OraSure Technologies (OSUR), AngioDynamics (ANGO) and Cerus (CERS).
Who are Accuray's key executives?
Accuray's management team includes the folowing people:
- Mr. Joshua H. Levine, Pres, CEO & Director (Age 60)
- Mr. Andrew Kirkpatrick, Sr. VP of Global Operations (Age 55)
- Mr. Lionel Hadjadjeba, Sr. VP & Chief Commercial Officer (Age 59)
- Mr. Shigeyuki Hamamatsu, Interim CFO & Chief Accounting Officer (Age 45)
- Mr. Darl S. Moreland, Sr. VP of Regulatory, Quality & Compliance (Age 59)
Who are Accuray's major shareholders?
Accuray's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.86%), Renaissance Technologies LLC (6.13%), Russell Investments Group Ltd. (4.62%), Partner Fund Management L.P. (4.53%), Heartland Advisors Inc. (3.98%) and Dimensional Fund Advisors LP (2.59%). Company insiders that own Accuray stock include Alaleh Nouri, Andrew J Kirkpatrick, Jesse Chew, Joshua Levine, Kelly Londy, Kevin Waters and Shigeyuki Hamamatsu. View Institutional Ownership Trends for Accuray.
Which institutional investors are selling Accuray stock?
ARAY stock was sold by a variety of institutional investors in the last quarter, including Partner Fund Management L.P., Alambic Investment Management L.P., BlackRock Inc., Russell Investments Group Ltd., Credit Suisse AG, Royce & Associates LP and Partner Investment Management L.P.. Company insiders that have sold Accuray company stock in the last year include Alaleh Nouri, Andrew J Kirkpatrick, Jesse Chew, Joshua Levine, Kevin Waters and Shigeyuki Hamamatsu. View Insider Buying and Selling for Accuray.
Which institutional investors are buying Accuray stock?
ARAY stock was bought by a variety of institutional investors in the last quarter, including Mirae Asset Global Investments Co. Ltd., Renaissance Technologies LLC, Assenagon Asset Management S.A., JPMorgan Chase & Co., JPMorgan Chase & Co., Heartland Advisors Inc., Dimensional Fund Advisors LP and Panagora Asset Management Inc.. View Insider Buying and Selling for Accuray.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Accuray's stock price today?
One share of ARAY stock can currently be purchased for approximately $4.76.
How big of a company is Accuray?
Accuray has a market capitalization of $434.17 million and generates $404.90 million in revenue each year. The medical equipment provider earns $-23,890,000.00 in net income (profit) each year or ($0.28) on an earnings per share basis. Accuray employs 998 workers across the globe.
What is Accuray's official website?
How can I contact Accuray?
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 [email protected]
MarketBeat Community Rating for Accuray (NASDAQ ARAY)
MarketBeat's community ratings are surveys of what our community members think about Accuray and other stocks. Vote "Outperform" if you believe ARAY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ARAY will underperform the S&P 500 over the long term. You may vote once every thirty days.
