Accuray (ARAY) Earning Favorable Media Coverage, Analysis Finds

Headlines about Accuray (NASDAQ:ARAY) have been trending positive this week, according to Alpha One Sentiment. The research firm, a subsidiary of Accern, identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Accuray earned a news sentiment score of 0.31 on Alpha One’s scale. Alpha One also gave headlines about the medical equipment provider an impact score of 80 out of 100, indicating that recent media coverage is likely to have an effect on the stock’s share price in the immediate future.

Here are some of the news headlines that may have effected AlphaOne’s analysis:

Insider Buying and Selling by Quarter for Accuray (NASDAQ:ARAY)

ARAY has been the subject of a number of research analyst reports. Aegis restated a “buy” rating on shares of Accuray in a report on Tuesday, March 21st. Zacks Investment Research upgraded Accuray from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a report on Tuesday, April 4th. Jefferies Group LLC restated a “buy” rating and set a $7.00 price objective (down from $8.00) on shares of Accuray in a report on Saturday, April 29th. Finally, BTIG Research restated a “hold” rating on shares of Accuray in a report on Sunday, April 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $7.04.

Shares of Accuray (NASDAQ ARAY) opened at 4.45 on Tuesday. Accuray has a one year low of $3.85 and a one year high of $6.39. The company has a 50-day moving average price of $4.16 and a 200 day moving average price of $4.82. The firm’s market capitalization is $369.35 million.

Accuray (NASDAQ:ARAY) last issued its earnings results on Thursday, April 27th. The medical equipment provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.07. Accuray had a negative net margin of 8.61% and a negative return on equity of 61.49%. The business had revenue of $97.31 million for the quarter, compared to analyst estimates of $110.23 million. During the same quarter last year, the firm posted $0.01 earnings per share. Accuray’s revenue was down 7.6% on a year-over-year basis. Analysts expect that Accuray will post ($0.30) earnings per share for the current fiscal year.

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About Accuray

Accuray Incorporated is a radiation oncology company. The Company develops, manufactures and markets medical devices used in radiation therapy for the treatment of cancer patients. Its products include the CyberKnife Systems, the TomoTherapy Systems, and the Radixact Delivery Treatment Platform. Its technologies, the CyberKnife and TomoTherapy Systems, are designed to deliver treatments, including stereotactic radiosurgery (SRS), stereotactic body radiation therapy (SBRT), intensity modulated radiation therapy (IMRT), image guided radiation therapy (IGRT) and adaptive radiation therapy.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ARAY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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