Accuray (ARAY) Posts Quarterly Results
Accuray (NASDAQ:ARAY) posted its quarterly earnings results on Thursday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.06, Analyst Ratings.Net reports. The company had revenue of $102.00 million for the quarter, compared to the consensus estimate of $92.23 million. During the same quarter in the previous year, the company posted ($0.20) earnings per share.
Shares of Accuray (NASDAQ:ARAY) traded up 0.62% during mid-day trading on Thursday, hitting $8.10. 897,340 shares of the company’s stock traded hands. Accuray has a 1-year low of $6.04 and a 1-year high of $10.85. The stock has a 50-day moving average of $8.21 and a 200-day moving average of $8.85. The company’s market cap is $621.8 million.
On the ratings front, analysts at JPMorgan Chase & Co. upgraded shares of Accuray from a “neutral” rating to an “overweight” rating in a research note on Friday, June 13th. They now have a $12.00 price target on the stock, up previously from $9.00. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $12.00.
Accuray, Inc manufactures image-guided radiosurgery devices. The Company is based in the United States and its core product, the CyberKnife Stereotactic Radiosurgery System, combines image-guidance with robotics to offer unparalleled flexibility and accuracy.
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