ViewRay (VRAY) Reports Prelim Q1 Results, Updates FY23 Guidance
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Wall Street analysts cut ViewRay (VRAY) following preliminary results
April 14, 2023 2:23 PM EDTViewRay (NASDAQ: VRAY) shares continued to tumble Friday, following downgrades by Oppenheimer, Stifel, and BTIG in reaction to the company's preliminary first-quarter results.
Oppenheimer analyst Suraj Kalia explained that the company announced Thursday that it is exploring strategic alternatives, including a corporate sale, merger, or business combination. It noted that this is due to global macro headwinds pushing out new installation timelines and subsequent... More
BTIG Downgrades ViewRay Inc. (VRAY) to Neutral, 'Stuck Installs, Short Cash Runway, and Need for Fast Alternatives Pushes Us to the Sidelines'
April 14, 2023 6:04 AM EDTBTIG analyst Marie Thibault downgraded ViewRay Inc. (NASDAQ: VRAY) from Buy to Neutral.
The analyst comments "ViewRay announced preliminary Q1 results below expectations, cut its full-year guide, discussed a high Q1 burn that means cash will only last into Q1 of 2024, and announced they are... More
