BTIG Downgrades ViewRay Inc. (VRAY) to Neutral, 'Stuck Installs, Short Cash Runway, and Need for Fast Alternatives Pushes Us to the Sidelines'
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Wall Street analysts cut ViewRay (VRAY) following preliminary results
April 14, 2023 2:23 PM EDTViewRay (NASDAQ: VRAY) shares continued to tumble Friday, following downgrades by Oppenheimer, Stifel, and BTIG in reaction to the company's preliminary first-quarter results.
Oppenheimer analyst Suraj Kalia explained that the company announced Thursday that it is exploring strategic alternatives, including a corporate sale, merger, or business combination. It noted that this is due to global macro headwinds pushing out new installation timelines and subsequent... More
Stifel Downgrades ViewRay Inc. (VRAY) to Hold
April 14, 2023 3:10 AM EDTStifel analyst Rick Wise downgraded ViewRay Inc. (NASDAQ: VRAY) from Buy to Hold with a price target of $1.75 (from $7.00).
For an analyst ratings summary and ratings history on ViewRay Inc. click here. For more ratings news on ViewRay Inc. click here.
Shares of ViewRay Inc. closed at $1.83 yesterday.
... MoreU.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.14%
April 13, 2023 4:42 PM EDTInvesting.com U.S. stocks were higher after the close on Thursday, as gains in the Technology, Consumer Services and Healthcare sectors led shares higher.
At the close in NYSE, the Dow Jones Industrial Average added 1.14% to hit a new 1-month high, while the S&P 500 index added 1.33%, and the NASDAQ Composite index gained 1.99%.
The best performers of the session on the Dow Jones Industrial Average were Apple Inc (NASDAQ: AAPL), which rose 3.41% or 5.46 points to trade at 165.56 at the close. Meanwhile, Walt... More
ViewRay (VRAY) Reports Prelim Q1 Results, Updates FY23 Guidance
April 13, 2023 6:14 AM EDTViewRay, Inc. (Nasdaq: VRAY) today provided a business update and announced preliminary financial results for the quarter ended March 31, 2023. The preliminary results have not been audited and are subject to change.
First Quarter 2023 Preliminary Results and Key Points (Unaudited)
Received 13 new orders for MRIdian systems totaling approximately $68 million, compared to seven new orders totaling approximately $41 million in the first quarter of 2022.Total backlog increased to approximately $411 million as of March 31, 2023,... More