Varian Medical Systems
) recently revealed that it activated a web-based product locator.
This tool gives clients the capability to rapidly search for flat
panel detectors and replacement X-Ray tubes. The product locator
may be utilized at the company's website.
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Varian believes that the product locator is a useful tool that
permits users to search for products as per their parameters. Drop
down menus that simplify filter and sort product features render
searches easier. Clients may search for industrial X-Ray tubes,
medical X-Ray tubes and X-Ray tubes by make.
Varian is a leading manufacturer of integrated radiotherapy systems
for treating cancer 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
Varian is poised to increase its market share in radiation
oncology. It is currently enjoying a healthy demand for its coveted
TrueBeam technology, which is meaningfully contributing to its net
order oncology growth.
Moreover, Varian enjoys a strong balance sheet marked by low debt
and sizeable cash. The company uses a part of its healthy cash
flows for share repurchases.
However, Varian competes with larger players in a
technology-intensive industry. Further, uncertainties stemming from
health care reform and a still weak hospital capital spending
environment across many developed countries, especially in Europe,
are significant challenges. We are currently Neutral on the stock,
backed by a short-term Zacks #3 Rank (Hold).