Last $10.64 USD
Change Today -0.41 / -3.71%
Volume 1.3M
VOLC On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

volcano corp (VOLC) Snapshot

Open
$11.04
Previous Close
$11.05
Day High
$11.05
Day Low
$10.63
52 Week High
03/19/14 - $24.62
52 Week Low
09/30/14 - $10.63
Market Cap
547.5M
Average Volume 10 Days
635.0K
EPS TTM
$-0.56
Shares Outstanding
51.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VOLCANO CORP (VOLC)

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volcano corp (VOLC) Details

Volcano Corporation designs, develops, manufactures, and commercializes a suite of precision guided therapy tools worldwide. The company operates in two segments, Medical and Industrial. It offers intravascular ultrasound (IVUS) and fractional flow reserve (FFR) products that enhance the diagnosis and treatment of coronary and peripheral vascular disease by enhancing the efficiency and efficacy of existing diagnostic angiograms and percutaneous coronary interventional and endovascular procedures in the coronary arteries or peripheral arteries and veins. The company’s IVUS products include single-procedure disposable phased array and rotational IVUS imaging catheters; and ChromaFlo stent apposition analysis technology that uses sequential IVUS frames to differentiate circulating blood from stationary or anchored tissue. Its FFR products comprise pressure and flow consoles, and single-procedure disposable pressure and flow guide wires, which are used to measure the pressure and flow characteristics of blood around plaque enabling physicians to gauge the plaque’s physiological impact on blood flow and pressure. In addition, the company offers adenosine-free Instant Wave-Free Ratio FFR; and SyncVision, which co-registers IVUS with angiography. Further, the company develops and manufactures optical monitors for the telecommunication industry; laser and non-laser light sources; optical engines used in the medical optical coherence topography imaging systems and advanced photonic components; and sub-systems used in spectroscopy and other industrial applications. It sells its products through direct sales force and distributors, as well as through supply and distribution agreements with third parties. Volcano Corporation was founded in 2000 and is headquartered in San Diego, California.

1,800 Employees
Last Reported Date: 02/28/14
Founded in 2000

volcano corp (VOLC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $638.5K
Chief Finance Officer and Principal Accountin...
Total Annual Compensation: $381.3K
Executive Vice President of Strategy, Busines...
Total Annual Compensation: $358.0K
Compensation as of Fiscal Year 2013.

volcano corp (VOLC) Key Developments

Engaged Capital Calls On Volcano To Evaluate Strategic Alternatives

Engaged Capital, LLC sent an open letter to Board of Directors of Volcano Corporation (NasdaqGS:VOLC) to immediately appoint shareholder representatives, evaluate strategic alternatives and begin search for Chief Executive Officer. “Shareholders have suffered through a prolonged period of material underperformance due to management’s overly optimistic business plans and its inability to identify and react to changing market conditions. It is time for new leadership. We urge the Board to immediately commence a parallel process to evaluate strategic alternatives and conduct a search for Chief Executive Office candidates with a history of driving profitability and extracting value from medical device assets,” said Glenn W. Welling, Principal and Chief Investment Officer of Engaged Capital. He added: “We have offered on three separate occasions, both orally and in writing, highly-qualified candidates to serve as board members, only to have these private entreaties summarily rejected. Instead of seeking to work constructively with one of VOLC’s largest shareholders, the Board has irrationally positioned the Company for a costly and unnecessary proxy fight. If the Board fails to uphold its fiduciary responsibilities, shareholders will have no choice but to vote to replace Chairman Ron Matricaria, Chief Executive Officer Scott Huennekens and Lesley Howe as directors of the Company at the 2015 annual meeting.”

Volcano Seeks Acquisitions

Volcano Corporation (NasdaqGS:VOLC) seeks acquisitions. "From a growth standpoint, we feel very good about what we have in our ability to grow the 6% to 8% that we talked about and our focus is on doing that. Is there some small acquisition that I see us making in the next 12 to 24 months, maybe $50 million or less, yes, but that will be it. And again it would be a product that doesn't have regulatory risk, doesn't have development risk, and is either on the market or ready to go-to-market where there is not a bunch of additional spends and they can leverage our existing distribution networks. So we see minimal M&A for us here over the next 12 to 24 months. We're going to focus on executing on what we have," said, Scott Huennekens, Volcano Corporation - Chief Executive Officer.

Volcano Corporation Presents at 2014 Morgan Stanley Global Healthcare Conference, Sep-09-2014 11:10 AM

Volcano Corporation Presents at 2014 Morgan Stanley Global Healthcare Conference, Sep-09-2014 11:10 AM. Venue: The Grand Hyatt Hotel, New York, New York, United States. Speakers: R. Scott Huennekens, Chief Executive Officer, President and Director.

 

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VOLC Competitors

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Company Last Change
ABIOMED Inc $24.83 USD -0.20
Analogic Corp $63.96 USD -0.08
Cardiovascular Systems Inc $23.63 USD -1.51
Ion Beam Applications €13.98 EUR +0.08
Vascular Solutions Inc $24.70 USD +0.03
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Industry Analysis

VOLC

Industry Average

Valuation VOLC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.4x
Price/Book 1.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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