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November 24, 2009 3:31 PM ET

Varian Medical Systems Inc.

(VAR:NYSE)

LAST $47.32 USD
CHANGE TODAY +0.56 1.20%
VOLUME 691.1K
As of 3:16 PM 11/24/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Varian Medical Systems Inc. (VAR)

OPEN
$46.67
PREVIOUS CLOSE
$46.76
DAY HIGH
$47.42
DAY LOW
$46.42
52 WEEK HIGH
11/24/09 - $47.42
52 WEEK LOW
03/6/09 - $27.10
MARKET CAP
5.9B
AVERAGE VOLUME 3 mo
714.3K
DILUTED EPS TTM
$2.66
SHARES OUTSTANDING
125.5M
VAR Does Not Pay Dividends
P/E TTM
17.8x
K = Thousands  M = Millions  B = Billions

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VAR Details

Varian Medical Systems, Inc. provides cancer therapy systems worldwide. Its Oncology Systems segment designs, manufactures, sells, and services hardware and software products to treat cancer with radiation, including linear accelerators, brachytherapy afterloaders, treatment simulation and verification equipment, and accessories, as well as information management, treatment planning, and image processing software. This segment’s products enable oncology departments to perform conventional radiotherapy, intensity modulated radiation therapy, image guided radiation therapy, and stereotactic radiotherapy, as well as brachytherapy techniques. Oncology Systems segment markets its products to cancer treatment clinics, university research and community hospitals, private and governmental institutions, healthcare agencies, doctors’ offices, and cancer care clinics. The company’s X-ray Products segment designs, manufactures, and markets X-ray imaging components and subsystems, such as X-ray tubes for computed tomography, scanning, radioscopic/fluoroscopic imaging, mammography, and special procedures and industrial applications; and flat panel detectors for filmless X-ray imaging. This segment sells its products to imaging system original equipment manufacturers. Varian Medical Systems also provides Linatron X-ray accelerators and IntellX imaging product for security and inspection purposes; designs, manufactures, and integrates products and systems for delivering proton therapy; and develops technologies in the areas of digital X-ray imaging technology, volumetric and functional imaging, improved X-ray sources, and technology for security and cargo screening applications. It has a strategic development agreement with Calypso Medical Technologies, Inc. to develop products integrating Calypso System with the company’s radiotherapy treatment technologies. The company, formerly known as Varian Associates, Inc., was founded in 1948 and is headquartered in Palo Alto, California.

5,100 Employees
Founded in 1948

VAR Top Compensated Officers

Chief Executive Officer, President and Execut...
Age: 60
Total Annual Compensation: $825.6K
Chief Financial Officer and Corporate Senior ...
Age: 47
Total Annual Compensation: $489.7K
Corporate Executive Vice President and Presid...
Age: 45
Total Annual Compensation: $894.6K
Corporate Senior Vice President and President...
Age: 63
Total Annual Compensation: $388.0K
Corporate Vice President, Corporate Secretary...
Age: 46
Total Annual Compensation: $341.0K
Compensation as of Fiscal Year 2008.

Key developments for Varian Medical Systems Inc. (VAR)

Varian Medical Systems to Exhibit the Latest X-Ray Image Detectors and X-Ray Tubes at the MEDICA 2009 International Trade Fair

Varian Medical Systems Inc. will exhibit its PaxScan digital image detectors and its line of X-ray tubes for fluoroscopy, angiography, cardiology and cone-beam CT imaging at the MEDICA 2009 International Trade Fair in Dusseldorf, Germany from November 18-21, 2009. PaxScan 4336R, a 43cm x 36cm cassette size digital detector, that is the first NEMA size DR panel designed to replace standard film cassettes used in existing radiographic and multi-bucky applications. MCS-6074 rotating anode X-ray tube for CT scanning, together with a line of replacement X-ray tubes that are available through Varian's Interay after-market sales group.

Researchers from UC Irvine Medical Center Find Clinical Advantages to Using Varian's RapidArc Radiotherapy for the Stereotactic Treatment of Tumors

Researchers from the University of California, Irvine Medical Center reported that image-guided RapidArc® radiotherapy from Varian Medical Systems Inc. has clinical advantages over earlier fixed-beam approaches to stereotactic radiosurgery (SRS) or stereotactic radiotherapy (SRT) for treating cancer. RapidArc, Varian's technology for delivering volumetric modulated arc therapy (VMAT), enables clinicians to deliver a highly-precise image-guided intensity-modulated treatment quickly, often with just one revolution of the treatment machine around the patient. In addition to being faster and requiring fewer monitor units, RapidArc treatments were found to conform to the shape and size of a targeted tumor at least as well as dynamic, fixed-beam approaches to IMRT, SRS, and SRT. Treatment with RapidArc VMAT using a single arc produced similar dose conformality and homogeneity compared with earlier, more time-consuming approaches.

Varian Medical Systems Inc. - Special/M&A Call

Varian Medical Systems Inc. - Special/M&A Calls

BusinessWeek Rankings

BusinessWeek 50
2008  #26
2007  #14
Hot Growth 100
2004  #38

Stock Quotes

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VAR $47.32 USD +0.56
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VAR Competitors

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Agfa Gevaert €4.43 EUR -0.07
Elekta AB kr154.50 SEK -1.50
Hitachi Medical Corporation ¥784.00 JPY +11.00
Ion Beam Applications €8.82 EUR +0.02
PerkinElmer Inc $19.28 USD +0.11
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Industry Analysis

Valuation VAR Industry Range
Price/Earnings 17.6x
Price/Sales 2.6x
Price/Book 4.4x
Price/Cash Flow 18.4x
TEV/Sales 2.4x

VAR

 | 

VAR transactions

Type
Date
Target
Buyback
November 13, 2009
--
Merger/Acquisition
June 25, 2009
IKOEmed, LLC
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