Oppenheimer downgraded ViewRay to Perform from Outperform without a price target. The company Y announced it is exploring strategic alternatives due to global macro headwinds pushing out new installation timelines and subsequent payment schedules which will occur in 2023 and into 2024, the analyst tells investors in a research note. The firm is confused by the announcement of strategic alternatives. If ViewRay had a cash collection problem, could it have simply done a financing transaction instead, Opco asks.
Published first on TheFly
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Read More on VRAY:
- ViewRay downgraded to Neutral from Buy at BTIG
- ViewRay downgraded to Hold from Buy at Stifel
- ViewRay Falls on Preliminary Q1 Numbers; Outlook Disappoints
- ViewRay cuts FY23 revenue view to up 0%-15% from up 25%-40%, consensus $136.37M
- ViewRay retains financial advisor to evaluate strategic alternatives
