Akamai, Barnes Group, Varian Medical Systems, Siemens and Accuray highlighted
as Zacks Bull and Bear of the Day
CHICAGO, June 17, 2013
CHICAGO, June 17, 2013 /PRNewswire/ -- Zacks Equity Research highlights Akamai
(Nasdaq:AKAM-Free Report) as the Bull of the Day and Barnes Group (NYSE:B-Free
Report) as the Bear of the Day. In addition, Zacks Equity Research provides
analysis ontheVarian Medical Systems, Inc. (NYSE:VAR-Free Report), Siemens AG
(NYSE:SI-Free Report) and Accuray Incorporated (Nasdaq:ARAY-Free Report).
Here is a synopsis of all five stocks:
Bull of the Day:
If you've ever shopped online, downloaded music, watched a web video or
connected to work remotely, you've probably used Akamai's (Nasdaq:AKAM-Free
Report) cloud platform. We ensure the best online experience on any device,
Akamai helps enterprises accelerate innovation in the hyperconnected world by
removing the complexities of technology so you can focus on driving your
business faster forward. We enable enterprises to capitalize on market
opportunities presented by trends like mobile and cloud while overcoming the
challenges presented by security threats and the need to reach users globally.
The Akamai Intelligent Platform™ reaches globally and delivers locally,
providing our customers with unmatched reliability, security and visibility
into their online business.
Bear of the Day:
Sometimes you can have a good company that finds its stock a bit ahead of
itself, which is what I think we are seeing here in Barnes Group, today's Bear
of the Day.
If you are not familiar, Barnes Group (NYSE:B-Free Report) (Zacks Rank #5) is
an international aerospace and industrial manufacturing and services provider,
serving a wide range of end markets and customers. The products and services
provided by the company are used in far-reaching applications that provide
transportation, communication, manufacturing and technology to the world.
Many of their products are highly engineered, high quality (high price)
products for those industries. In a world that is seeing slowing growth on
the downswing rather than on the rise, I am concerned that the 50% rise in
share price and 19 times earnings multiple might be a little rich. I have no
doubt the company will continue to sell its components, but their growth looks
questionable in the second quarter.
Barnes generates roughly 20% of its sales in Europe, 18% in Asia and 62% in
Barnes Group reported Q1 adjusted earnings per share of 40 cents, up roughly
25% year over year in late April; the results fell 11.1% short of the Zacks
Consensus Estimate for 45 cents.
Varian Links with Siemens Systems
Oncology and X-Ray products company Varian Medical Systems, Inc.
(NYSE:VAR-Free Report), and Siemens Healthcare, a part of Siemens AG
(NYSE:SI-Free Report), recently revealed that technicians at The Ohio State
University are utilizing Varian software to conduct radiotherapy sessions with
linear accelerators manufactured by Siemens. The two companies have created an
interface that links the Aria system from Varian with certain equipment of
In Mar 2013, Siemens was granted 510(k) clearance from the Food and Drug
Administration for connectivity between Aria software and two of its linear
As per Varian, its software can function with 80% of Siemens hardware. In
fact, a large proportion of Siemens locations may utilize Aria to handle
different forms of care.
Siemens Healthcare is a leader in diagnostics, medical imaging and other
health care areas. The company offers a wide range of offerings ranging from
prevention to diagnosis.
Varian is a leading manufacturer of integrated radiotherapy systems for cancer
treatment and a premier supplier of X-Ray tubes for diagnostic imaging
applications. The company operates in a technology-driven environment where
success depends on the use of new technology, product development and
upgrades. In the radiation oncology market, Varian competes with Accuray
Incorporated (Nasdaq:ARAY-Free Report).
The company is poised to increase its market share in radiation oncology. It
currently enjoys a healthy demand for its coveted TrueBeam technology, which
has meaningfully contributed to its net order oncology growth. Varian's
TrueBeam is designed to treat tumors with beams of high speed and precision.
It incorporates several technological innovations such as patient positioning
and managing his/her motion. Given its high intensity nature, TrueBeam can
dispense strong dosage over twice as fast as that possible with earlier
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