JPMorgan Downgrades Accuray (ARAY) to Underweight
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Jefferies Cuts Numbers on Accuray (ARAY) on Q2 Warning, But Keeps Buy Rating
January 4, 2013 10:56 AM ESTJefferies cut it price target on Accuray (NASDAQ: ARAY) from $10 to $6.50, but kept a Buy rating following lower Q2 guidance.
The firm comments, "Accuray posted preliminary F2Q results well below expectations and drastically reduced its F13 guidance. The reset under... More
Accuray (ARAY) Slammed on Q2 Shortfall
January 3, 2013 4:21 PM ESTAccuray Incorporated (Nasdaq: ARAY) is under heavy pressure after-hours Thursday following a second quarter warning.
The company sees revenue of $72 million to $75 million, which is well below the consensus of $94.1 million. The company (1) manufacturing and supply related issues, which delayed contribution from... 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
