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MarketScreener Homepage  >  Equities  >  Nasdaq  >  ViewRay, Inc.    VRAY

VIEWRAY, INC.

(VRAY)
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VIEWRAY 96 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against ViewRay, Inc. - VRAY

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11/08/2019 | 10:51pm EST

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until November 12, 2019 to file lead plaintiff applications in a securities class action lawsuit against ViewRay, Inc. (NasdaqGS: VRAY), if they purchased the Company’s shares between March 15, 2019 and August 8, 2019. This action is pending in the United States District Court for the Northern District of Ohio.

What You May Do

If you purchased shares of ViewRay and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-vray/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by November 12, 2019.

About the Lawsuit

On August 8, 2019, post-market, ViewRay disclosed disappointing 2Q2019 results including a net loss of $30.8 million, declining levels of orders and backlog and other operational issues and also announced significant cuts to full fiscal year 2019 guidance. On this news, the price of ViewRay’s shares plummeted by more than 50% on unusually high trading volume.

The case is Corwin v. ViewRay, Inc., 19-cv-2115.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.


© Business Wire 2019
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Financials (USD)
Sales 2019 90,0 M
EBIT 2019 -113 M
Net income 2019 -111 M
Finance 2019 70,1 M
Yield 2019 -
P/E ratio 2019 -2,79x
P/E ratio 2020 -3,36x
EV / Sales2019 2,73x
EV / Sales2020 2,00x
Capitalization 316 M
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Mean consensus BUY
Number of Analysts 10
Average target price 6,90  $
Last Close Price 3,18  $
Spread / Highest target 183%
Spread / Average Target 117%
Spread / Lowest Target 57,2%
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Managers
NameTitle
Scott William Drake President, Chief Executive Officer & Director
Daniel Jeffrey Moore Chairman
Shahriar Matin Chief Operating Officer
R. Brian Knaley Chief Financial Officer
James F. Dempsey Director & Chief Scientific Officer
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