Jefferies Cuts Numbers on Accuray (ARAY) on Q2 Warning, But Keeps Buy Rating
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JPMorgan Downgrades Accuray (ARAY) to Underweight
January 4, 2013 7:47 AM ESTJPMorgan downgraded Accuray (NASDAQ: ARAY) from Neutral to Underweight following its Q2 warning.
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 $6.78 yesterday, with a 52 week range of $4.30-$8.07.... More
Accuray (ARAY) Prelim. Q2 Results Miss Views; Offers FY13 Outlook
January 3, 2013 4:01 PM ESTAccuray Incorporated (Nasdaq: ARAY) announced today preliminary results for the second quarter of fiscal 2013 that ended December 31, 2012 and updated guidance for fiscal 2013. Non-GAAP results are provided to enhance understanding of Accuray's ongoing core results of operations. The company also is announcing a restructuring of operations.
Preliminary consolidated GAAP revenues for second quarter fiscal 2013 are expected to be in the range of $72 million to $75 million and total non-GAAP revenue of $72 million to $75 million. By comparison, for the second quarter of fiscal 2012, total GAAP revenue was $106.4 million and total non-GAAP revenue was $102.9 million. Based on... More
