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The latest update is out from Accuray ( (ARAY) ).
Accuray reported its fiscal 2026 first-quarter financial results, highlighting a 7% decrease in total net revenue compared to the previous year. The company announced significant leadership changes with Steve La Neve appointed as CEO and a restructuring plan aimed at reducing costs and streamlining operations. Despite a decrease in product revenue, service revenue increased by 7%, and the company introduced the Accuray Stellar Solution at the ASTRO annual meeting. Accuray’s net loss widened to $21.7 million, with a decrease in gross profit margin due to geographic sales mix and joint venture accounting. The company reaffirmed its fiscal year 2026 guidance, expecting total net revenue between $471 million and $485 million.
The most recent analyst rating on (ARAY) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Accuray stock, see the ARAY Stock Forecast page.
Spark’s Take on ARAY Stock
According to Spark, TipRanks’ AI Analyst, ARAY is a Neutral.
Accuray’s overall stock score is primarily impacted by its weak financial performance and challenging valuation. Technical analysis also indicates bearish trends, further weighing down the score. While the earnings call provided some positive developments, the overall financial health and market conditions present significant risks.
To see Spark’s full report on ARAY stock, click here.
More about Accuray
Accuray Incorporated is a company dedicated to expanding the potential of radiation therapy to improve lives. They invent solutions for delivering radiation treatments for complex cases and make commonly treatable cases easier, focusing on oncology and neuro-radiosurgery. Accuray is headquartered in Madison, Wisconsin, with facilities worldwide.
Average Trading Volume: 870,116
Technical Sentiment Signal: Sell
Current Market Cap: $155.6M
See more insights into ARAY stock on TipRanks’ Stock Analysis page.