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Last $93.74 USD
Change Today +0.87 / 0.94%
Volume 442.2K
VAR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

varian medical systems inc (VAR) Snapshot

Open
$93.09
Previous Close
$92.87
Day High
$94.09
Day Low
$92.69
52 Week High
01/29/15 - $95.70
52 Week Low
10/15/14 - $76.73
Market Cap
9.4B
Average Volume 10 Days
499.2K
EPS TTM
$4.11
Shares Outstanding
100.1M
EX-Date
01/5/99
P/E TM
22.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for VARIAN MEDICAL SYSTEMS INC (VAR)

varian medical systems inc (VAR) Related Businessweek News

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varian medical systems inc (VAR) Details

Varian Medical Systems, Inc. designs, manufactures, sells, and services medical devices and software products for treating cancer and other medical conditions in the United States. The company operates in two segments, Oncology Systems and Imaging Components. The Oncology Systems segment provides hardware and software products for treating cancer with radiotherapy, stereotactic radiotherapy, stereotactic body radiotherapy, stereotactic radiosurgery, and brachytherapy. Its products include linear accelerators, brachytherapy afterloaders, treatment simulation and verification equipment, and accessories; and information management, treatment planning, and image processing software. This segment serves university research and community hospitals, private and governmental institutions, healthcare agencies, physicians’ offices, and cancer care clinics. The Imaging Components segment provides X-ray imaging components to large imaging system original equipment manufacturers (OEMs) for use in radiographic or fluoroscopic imaging, mammography, special procedures, computed tomography, and industrial applications; and X-ray tubes and flat panel digital image detectors to small OEMs, independent service companies, and end-users for filmless X-ray imaging. This segment also offers Linatron X-ray accelerators, imaging processing software, and image detection products for security and inspection purposes, such as cargo screening at ports and borders, and nondestructive examination in various applications. Varian Medical Systems, Inc. also provides products and systems for delivering proton therapy; and develops various technologies in the areas of digital X-ray imaging, volumetric and functional imaging, and improved X-ray sources. The company was formerly known as Varian Associates, Inc. and changed its name to Varian Medical Systems, Inc. in April 1999. Varian Medical Systems, Inc. was founded in 1948 and is headquartered in Palo Alto, California.

6,800 Employees
Last Reported Date: 11/25/14
Founded in 1948

varian medical systems inc (VAR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $934.6K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $587.0K
Executive Vice President and President of Onc...
Total Annual Compensation: $567.0K
Senior Vice President and President of Imagin...
Total Annual Compensation: $513.8K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $429.9K
Compensation as of Fiscal Year 2014.

varian medical systems inc (VAR) Key Developments

Varian Medical Systems Spotlights New Edge Radiosurgery Suite for Non-Invasive Surgical Procedures at 2015 ChinaMed Exhibition in Beijing

The Edge radiosurgery suite is among the medical innovations that Varian Medical Systems showcased this week at the 27th International Medical Instruments & Equipment Exhibition. As a non-invasive option, radiosurgery use in the United States has been growing steadily over the last decade for the treatment of cancer and other conditions that can be appropriately treated with focused radiation. Predictions are that it will continue to grow as research accrues about the benefits to patients. Radiosurgery involves the use of sophisticated software and hardware to ablate tumors or other abnormalities with high doses of radiation while minimizing exposure of surrounding healthy tissue. The Edge system can complete sophisticated radiosurgery treatments in just a few minutes—much faster than earlier generations of technology. Edge was first unveiled in 2012 in the United States, and received clearance from the CFDA of China in 2014. As of March 2015, Edge systems had been installed and used at cancer centers in the U.S., United Kingdom, Portugal, Italy, and Switzerland. Users have reported over 1,000 patients have now been treated using Edge technology, for lung, brain, gastrointestinal, genitourinary, and other types of cancer. Clinicians at the Henry Ford Health System in Detroit, Michigan, were the first to use the Edge radiosurgery system in the United States. They have been presenting positive studies at the scientific meetings of the American Association of Physicists in Medicine and the American Society for Radiation Oncology.

Varian Medical Systems to Equip Two National Proton Therapy Centers in England

Varian Medical Systems announced that it has been selected to equip and service two new national proton therapy centers in England with the Varian ProBeam proton therapy system. Under a public tender, Varian was selected as the preferred supplier to provide equipment and service to operate two three-room centers to be constructed in London and Manchester in a contract valued at up to £80 million. The company expects to conclude and sign the contract and book the equipment portion of the order in the summer.

Varian Medical Systems to Expand Operations in Fulton County, Georgia

Varian Medical Systems, Inc. announced that it will expand its operations in Fulton County, Georgia. Company anticipate that this expansion will enable it to better serve its East Coast customers and accommodate anticipated growth that will create up to 100 new high-paying technical jobs over the next five years.

 

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Industry Analysis

VAR

Industry Average

Valuation VAR Industry Range
Price/Earnings 24.2x
Price/Sales 3.0x
Price/Book 5.8x
Price/Cash Flow 23.3x
TEV/Sales 2.5x
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