Last $88.04 USD
Change Today +0.87 / 1.00%
Volume 1.1M
VAR On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

varian medical systems inc (VAR) Snapshot

Open
$87.61
Previous Close
$87.17
Day High
$88.50
Day Low
$87.12
52 Week High
11/28/14 - $89.90
52 Week Low
12/23/13 - $75.86
Market Cap
8.8B
Average Volume 10 Days
610.3K
EPS TTM
$3.95
Shares Outstanding
100.0M
EX-Date
01/5/99
P/E TM
22.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for VARIAN MEDICAL SYSTEMS INC (VAR)

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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: $892.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $569.2K
Executive Vice President and President of Onc...
Total Annual Compensation: $536.6K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $412.7K
Compensation as of Fiscal Year 2013.

varian medical systems inc (VAR) Key Developments

Guy's Hospital Cancer Center Selects Varian Medical Systems, Inc.'s Radiotherapy and Radiosurgery Systems

Guy's Hospital Cancer Center has selected TrueBeam medical linear accelerators from Varian Medical Systems, to deliver radiotherapy and radiosurgery treatments for cancer patients at two new facilities. Six TrueBeam devices, including a TrueBeam STx which is optimized for radiosurgery, will be installed at the new Guy's Hospital Cancer Center while two further machines will equip a satellite center at Queen Mary's Hospital in nearby Sidcup, Kent. Guy's and St Thomas' NHS Foundation Trust is replacing its existing treatment machines with TrueBeam systems as radiotherapy services are centralized at the new flagship center, which is due to start treating patients in 2016. In addition to the equipment, the Trust is also acquiring a full suite of Varian's Eclipse treatment planning software. The radiotherapy service at Guy's and St Thomas' NHS Foundation Trust serves a catchment population of approximately 1.6 million people and currently treats about 3,500 cancer patients each year, but the service is expecting this number to increase with the installation of the new systems, which can deliver more complex treatments than the center's existing equipment.

Cancer Centers Selects Eight TrueBeam Medical Linear Accelerators from Varian Medical Systems

One of London's cancer centers selected eight TrueBeam(TM) medical linear accelerators from Varian Medical Systems to deliver advanced radiotherapy and radiosurgery treatments for cancer patients at two new facilities. Six TrueBeam devices, including a TrueBeam STx which is optimized for radiosurgery, will be installed at the new Guy's Hospital Cancer Center while two further machines will equip a satellite center at Queen Mary's Hospital in nearby Sidcup, Kent. Guy's and St Thomas' NHS Foundation Trust is replacing its existing treatment machines with TrueBeam systems as radiotherapy services are centralized at the new center, which is due to start treating patients in 2016. In addition to the equipment, the Trust is also acquiring a full suite of Varian's Eclipse(TM) treatment planning software. Designed to treat a moving tumor with speed and accuracy, Varian's TrueBeam system incorporates numerous technical innovations that dynamically synchronize advanced imaging, patient positioning, motion management, and treatment delivery during a radiotherapy or radiosurgery procedure. TrueBeam has been designed to advance the treatment of lung, breast, intracranial, prostate, head and neck, and other types of cancer.

Varian Medical Systems, Inc. Presents at Brean Capital Life Sciences Summit, Nov-24-2014

Varian Medical Systems, Inc. Presents at Brean Capital Life Sciences Summit, Nov-24-2014 . Venue: Convene (Formerly Sentry Centers), 730 3rd Avenue, New York, New York, United States.

 

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Industry Analysis

VAR

Industry Average

Valuation VAR Industry Range
Price/Earnings 22.7x
Price/Sales 2.9x
Price/Book 5.4x
Price/Cash Flow 21.6x
TEV/Sales 2.4x
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