Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Accuray's Orders Continue To Stoke Optimism

Things are definitely not perfect for Accuray (NASDAQ:ARAY) yet, but the story continues to improve on a quarter by quarter basis. Assuming that the company can successfully convert orders to installations and revenue, the company is gaining share from Varian (NYSE:VAR) and Elekta (OTCPK:EKTAY) and rebuilding credibility that this can once again become a med-tech growth story.

Many things can still go wrong, as the company's order level is still below where it needs to be to be a viable business and the long-term margin structure is a significant unknown. This is also still a volatile stock, as investors have seen these shares trade down recently on worries about reimbursement in the radiation oncology...

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