Jefferies Lowers PT and Estimates on Accuray (ARAY); Dull CyberKnife
Tweet Send to a FriendGet Alerts ARAY Hot Sheet
Price: $5.26 -0.75%
Rating Summary:
5 Buy, 0 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 21 | New: 29
Rating Summary:
5 Buy, 0 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 21 | New: 29
Trade ARAY Now!
Jefferies maintains a 'Buy' on Accuray (NASDAQ: ARAY) price target of $8.00 (from $9.00).
Analyst, Raj Denhoy, said, "ARAY’s 4Q was a lot of good stuff (strong bookings, good service margins, new product announcements) with one really bad thing: CyberKnife revenues in 2012 were down 28%. The company is pointing to good bookings and new tech coming at ASTRO as reasons to be optimistic but the result and the guidance for 2013, which is low, shakes the confidence."
Lowers Q1 EPS estimate from (0.10) to (0.21), lowers FY13 EPS estimate from (0.17) to (0.38).
For an analyst ratings summary and ratings history on Accuray click here. For more ratings news on Accuray click here.
Shares of Accuray closed at $6.54 yesterday, with a 52 week range of $3.50-$8.07.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Raj Denhoy, said, "ARAY’s 4Q was a lot of good stuff (strong bookings, good service margins, new product announcements) with one really bad thing: CyberKnife revenues in 2012 were down 28%. The company is pointing to good bookings and new tech coming at ASTRO as reasons to be optimistic but the result and the guidance for 2013, which is low, shakes the confidence."
Lowers Q1 EPS estimate from (0.10) to (0.21), lowers FY13 EPS estimate from (0.17) to (0.38).
For an analyst ratings summary and ratings history on Accuray click here. For more ratings news on Accuray click here.
Shares of Accuray closed at $6.54 yesterday, with a 52 week range of $3.50-$8.07.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Lifts Numbers on Diana Shipping (DSX) Post Q1
- Topeka Capital Upgrades Pacific Sunwear of California (PSUN) to Buy
- UPDATE: JPMorgan Cuts SodaStream (SODA) to Neutral, 'Stock No Longer Cheap'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & Co
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
