Positive Commentary Around China Has Reignited Hope For Accuray

If you look at a long-term chart of Accuray (ARAY), you’ll see a few spikes - periods where investors thought that the company had finally gotten its various ducks in a row and was about to start generating real share growth and leverage. There’s a new hope around Accuray again, but it’s up to management to follow up with a sequel more like The Empire Strikes Back than The Holiday Special.

I still want Accuray to succeed, but the reality is that for all of the good things this management team has done, executing on growth opportunities has proven elusive thus far. Maybe the China opportunity will finally unlock the potential that long-suffering long-term investors have held on to, and it’s certainly true that even with this recent spike in the share price, the valuation doesn’t anticipate an especially significant, durable growth ramp. If Accuray can execute (and build) on what management has characterized as a $100 million-plus opportunity in China over the next couple of years, further upside is certainly possible.

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Positive Commentary Around China Has Reignited Hope For Accuray