Accuray Remains A Perpetual 'Next Year Is Our Year' Story
Accuray(ARAY) Seeking Alpha·2024-08-18 23:55
baranozdemir Despite a well-received fiscal fourth quarter report that sent the shares up more than 50%, the reality is that Accuray (NASDAQ:ARAY) continues to struggle to show any real progress. This recently concluded fiscal year marked the third straight year of revenue in the $425M-$450M area, and the company has grown revenue by less than 2% a year over the past decade. While profitability has actually improved, the reality is that the shares have lost 25% of their value over the past five years (while ...