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ARAY logo ARAY
Upturn stock rating
ARAY logo

Accuray Incorporated (ARAY)

Upturn stock rating
$1.69
Last Close (24-hour delay)
Profit since last BUY4.32%
upturn advisory
Consider higher Upturn Star rating
BUY since 44 days
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  • SELL Advisory (Loss)​
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Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

10/17/2025: ARAY (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

4 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $4.75

1 Year Target Price $4.75

Analysts Price Target For last 52 week
$4.75 Target price
52w Low $1.14
Current$1.69
52w High $2.95

Analysis of Past Performance

Type Stock
Historic Profit -64.27%
Avg. Invested days 29
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/17/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 190.50M USD
Price to earnings Ratio -
1Y Target Price 4.75
Price to earnings Ratio -
1Y Target Price 4.75
Volume (30-day avg) 4
Beta 1.32
52 Weeks Range 1.14 - 2.95
Updated Date 10/18/2025
52 Weeks Range 1.14 - 2.95
Updated Date 10/18/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.02

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -0.35%
Operating Margin (TTM) 3.73%

Management Effectiveness

Return on Assets (TTM) 1.04%
Return on Equity (TTM) -2.52%

Valuation

Trailing PE -
Forward PE 94.34
Enterprise Value 304948836
Price to Sales(TTM) 0.42
Enterprise Value 304948836
Price to Sales(TTM) 0.42
Enterprise Value to Revenue 0.67
Enterprise Value to EBITDA 15.07
Shares Outstanding 112719901
Shares Floating 109222466
Shares Outstanding 112719901
Shares Floating 109222466
Percent Insiders 3.01
Percent Institutions 71.51

ai summary icon Upturn AI SWOT

Accuray Incorporated

stock logo

Company Overview

overview logo History and Background

Accuray Incorporated (ARAY) was founded in 1990 and is headquartered in Sunnyvale, California. The company pioneers radiation oncology systems for the treatment of tumors.

business area logo Core Business Areas

  • Radiation Therapy Systems: Designs, develops, and sells radiation therapy systems, primarily the CyberKnife and TomoTherapy platforms.
  • Treatment Planning Systems: Provides software solutions for treatment planning, dose calculation, and image fusion.
  • Services: Offers a range of services including installation, training, maintenance, and support for its systems.

leadership logo Leadership and Structure

Suzanne Winter serves as the President and CEO. The company has a board of directors overseeing its strategic direction and operations, with teams dedicated to R&D, Sales, Marketing, and Operations.

Top Products and Market Share

overview logo Key Offerings

  • CyberKnife System: A robotic radiosurgery system delivering precise radiation to tumors throughout the body. Market share data is difficult to pinpoint precisely due to varied methodologies in calculating this amongst different market analyst. Competitors include Varian Medical Systems (Siemens Healthineers) and Elekta. Number of users are tracked via systems installed which is around 350+ worldwide.
  • TomoTherapy System: A radiation therapy system integrating imaging and treatment delivery for personalized cancer treatment. Competitors include Varian Medical Systems (Siemens Healthineers) and Elekta. This system has over 750+ systems installed worldwide.
  • Precision Treatment Planning System: Software used by both Cyberknife and TomoTherapy for comprehensive treatment planning, dose calculation, and adaptive therapy. No significant market share data available.

Market Dynamics

industry overview logo Industry Overview

The radiation oncology market is growing, driven by an aging population, increasing cancer incidence, and technological advancements. Demand is also being driven by the trend toward personalized treatment.

Positioning

Accuray is positioned as an innovator in radiation oncology, particularly in robotic radiosurgery and personalized treatments. Its competitive advantage lies in its technological capabilities and unique product offerings.

Total Addressable Market (TAM)

The global radiotherapy market is expected to reach USD 10.9 billion by 2029. Accuray's positioning within this TAM is focused on precision radiotherapy solutions and is working on solutions such as the CyberKnife and TomoTherapy platforms.

Upturn SWOT Analysis

Strengths

  • Innovative technology (CyberKnife, TomoTherapy)
  • Strong brand reputation in niche areas
  • Focus on precision and personalized treatment
  • Established installed base

Weaknesses

  • Smaller market share compared to larger competitors
  • High system costs
  • Dependence on capital equipment sales
  • Profitability challenges

Opportunities

  • Expanding into emerging markets
  • Developing new applications for existing technologies
  • Partnerships with hospitals and research institutions
  • Technological advancements (AI, machine learning)

Threats

  • Intense competition from larger players (Varian, Elekta)
  • Technological obsolescence
  • Reimbursement pressures
  • Economic downturns affecting hospital capital budgets

Competitors and Market Share

competitor logo Key Competitors

  • SIEMENS (SIE.DE)
  • ELEKTA (EKTAY)

Competitive Landscape

Accuray offers specialized technology but faces stiff competition from larger, more diversified players. Accuray needs to continue focus and innovation to maintain and grow share.

Growth Trajectory and Initiatives

Historical Growth: Accuray's revenue growth has been inconsistent. Growth is dependent on new system sales and upgrades to its base.

Future Projections: Analyst estimates suggest moderate revenue growth and improvements in profitability. Revenue growth is expected to be in the single digits, while profitability is dependent on cost management and increased sales.

Recent Initiatives: Focus on product innovation (e.g., CyberKnife S7), strategic partnerships, and expansion into emerging markets.

Summary

Accuray is a company with innovative technology in a growing market, but it faces strong competition and profitability challenges. Its CyberKnife and TomoTherapy systems offer unique advantages. Accuray needs to focus on sales execution and cost management to achieve sustained growth and improved financial performance. Competition will be heavy from larger organizations with more resources, but focus on precision and customization is a unique differentiator.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings, analyst reports, industry publications

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Market data and estimates are subject to change. Past performance is not indicative of future results.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Accuray Incorporated

Exchange NASDAQ
Headquaters Madison, WI, United States
IPO Launch date 2007-02-08
President, CEO & Director Ms. Suzanne Winter M.B.A.
Sector Healthcare
Industry Medical Devices
Full time employees 990
Full time employees 990

Accuray Incorporated engages in the design, development, manufacture, and sale of radiosurgery and radiation therapy systems for the treatment of tumors in the United States, Canada, Latin America, Asia, Australia, New Zealand, Europe, the Middle East, India, Africa, Japan, and China. The company offers the CyberKnife platform, a robotic stereotactic radiosurgery and stereotactic body radiation therapy system used for the treatment of primary and metastatic tumors outside the brain, including tumors on or near the spine and in the breast, kidney, liver, lung, pancreas, and prostate. It also provides the TomoTherapy platform, including the Radixact System, which allows for integrated radiation treatment planning, delivery, and data management, enabling clinicians to deliver ultra-precise treatments to approximately 50 patients per day; iDMS data management system, a fully integrated treatment planning and data management systems; and Accuray precision treatment planning system, a treatment planning and data management systems. In addition, the company offers post-contract customer support, installation, training, and other professional services. It primarily markets its products directly to customers, including hospitals and stand-alone treatment facilities through its sales organization, as well as to customers through sales agents and group purchasing organizations in the United States; and to customers directly and through distributors and sales agents internationally. Accuray Incorporated was incorporated in 1990 and is headquartered in Madison, Wisconsin.