Accuray (ARAY) Misses Q3 EPS by 5c ; Offers Guidance
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Go back to Accuray (ARAY) Misses Q3 EPS by 5c ; Offers Guidance
May 2, 2024 5:24 AM EDT
BTIG analyst Maria Thibault lowered the price target on Accuray (NASDAQ: ARAY) to $6.00 (from $7.00) while maintaining a Buy rating.
The analyst comments "Accuray reported F3Q results below expectations, with total revenue of $101.1M (-14.3% y/y, consensus $116.0M) and adj. EBITDA of $1.1M (cons. $6.6M). Product revenue of $49.6M was lighter than the consensus forecast of $56.8M with eight fewer systems shipped, while Services revenue of $51.5M was ~$6M below expectations. The top-line miss was driven by a delay in three system shipments and... More
May 2, 2024 5:23 AM EDT
Roth/MKM analyst Jason Wittes lowered the price target on Accuray (NASDAQ: ARAY) to $7.00 (from $9.00) while maintaining a Buy rating.
The analyst comments "ARAY reported F3Q24 revenues down 11.4% to $101.1 million versus consensus of $116.0 million (our $114.5 million) due to a slowdown in the US... More
