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VAR - Accuray's 'Wait 'Til Next Year' Story Wearing Thin
Varian Medical Systems Inc.
It has been a long time since Accuray (ARAY) has shown any sustained momentum in the business, and it looks like the market is largely out of patience. Although the company hit an all-time high for quarterly revenue, it still can’t reliably hit the $100M/quarter order target I believe it needs to reach to achieve any real momentum in the business, and the share price is at an all-time low.
Does a record high quarterly revenue figure and a record low share price mean that there is a fundamental disconnect between the market