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Varian Medical Systems, Inc. (VAR)

Apr 15, 2021 - VAR was delisted (reason: aquired by Siemens Healthineers)
177.07 0.00 (0.00%)
Apr 14, 2021 4:00 PM EDT - Market closed
Market Cap16.26B
Revenue (ttm)3.12B
Net Income (ttm)277.50M
Shares Out91.40M
EPS (ttm)3.03
PE Ratio58.40
Forward PE33.78
Dividendn/a
Ex-Dividend Daten/a
Volume-
Open-
Previous Close177.07
Day's Range177.03 - 177.20
52-Week Range103.67 - 177.38
Beta1.07
AnalystsHold
Price Target177.75 (+0.4%)
Est. Earnings DateMay 3, 2021

About VAR

Varian Medical Systems, Inc. designs, manufactures, sells, and services medical devices and software products for treating cancer and other medical conditions worldwide. It operates through Oncology Systems and Proton Solutions segments. The Oncology Systems segment offers hardware and software products for treating cancer with radiotherapy, fixed field intensity-modulated radiation therapy, image-guided radiation therapy, volumetric modulated arc therapy, stereotactic radiosurgery, stereotactic body radiotherapy, artificial intelligence based ...

IndustryHealth Care Equipment & Supplies
Founded1948
CEODow Wilson
Employees10,000
Stock ExchangeNYSE
Ticker SymbolVAR
Full Company Profile

Financial Performance

In 2020, VAR's revenue was $3.17 billion, a decrease of -1.76% compared to the previous year's $3.23 billion. Earnings were $269.20 million, a decrease of -7.78%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for VAR stock is "Hold." The 12-month stock price forecast is 177.75, which is an increase of 0.38% from the latest price.

Price Target
$177.75
(0.38% upside)
Analyst Consensus: Hold

News

Varian and Icon Group Partner to Extend Commitment to Global Cancer Care

PALO ALTO, Calif., April 27, 2021 /PRNewswire/ -- Varian (NYSE: VAR), a Siemens Healthineers company, has signed an agreement with Australia's Icon Group to provide 30 linear accelerators and associated...

5 months ago - PRNewsWire

PTC Set to Join S&P 500; Lattice Semiconductor & Progyny to Join S&P MidCap 400; Domtar to Join S&P SmallCap 600

NEW YORK, April 15, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 effective prior to the open of trading on Tuesday, Apr...

Other symbols:LSCCPGNYPTCSPGITYLUFS
6 months ago - PRNewsWire

Varian Wins Best After-Sales Service Award for Radiotherapy Products in China for Fourth Consecutive Year

PALO ALTO, Calif., April 12, 2021 /PRNewswire/ -- Varian (NYSE: VAR) today announced it received the Best After-Sales Service Award for Radiotherapy Products in the 2020 Chinese Medical Devices Industry...

6 months ago - PRNewsWire

Varian (VAR) Inks Deal With Google Cloud to Boost Cancer Care

Varian (VAR) partners with Google Cloud to help in the fight against cancer through the development of an advanced AI based diagnostic platform.

6 months ago - Zacks Investment Research

Varian and Google Cloud Collaborate to Aid in the Fight Against Cancer

PALO ALTO, Calif., April 8, 2021 /PRNewswire/ -- Varian (NYSE: VAR) today announced it is collaborating with Google Cloud to build an advanced artificial intelligence (AI) based diagnostic platform to a...

6 months ago - PRNewsWire

Varian Medical (VAR) Hits 52-Week High: What's Driving It?

Varian Medical (VAR) is optimistic about its prospective acquisitions and strength in Proton Therapy segment.

6 months ago - Zacks Investment Research

Varian Medical Systems Invests in Bend It Technologies, Ltd., a Company Developing Novel Steerable Microcatheters

PALO ALTO, Calif. and PETACH TIKVA, Israel, March 25, 2021 /PRNewswire/ -- Varian (NYSE: VAR) today announced a new investment in Bend It Technologies Ltd.

6 months ago - PRNewsWire

Why You Should Retain Varian (VAR) in Your Portfolio Now

Investor optimism is high on the Varian (VAR) stock, courtesy of its solid prospects.

6 months ago - Zacks Investment Research

CTSI Oncology Solutions, a Varian Company, to Provide Technology-Enabled Services for Radiation Oncology at CHRISTUS ...

PALO ALTO, Calif., Feb. 24, 2021 /PRNewswire/ -- CTSI Oncology Solutions, a Varian (NYSE: VAR) company that provides oncology services for healthcare providers worldwide, has entered into a long-term, m...

7 months ago - PRNewsWire

Exclusive: EU antitrust regulators to okay Siemens Healthineers' $16.4 billion Varian buy - sources

EU antitrust regulators are set to grant conditional clearance to German health group Siemens Healthineers' $16.4-billion bid for U.S. peer Varian Medical Systems Inc, three people familiar with the mat...

Other symbols:SIEGY
8 months ago - Reuters

First Eagle Investment's Top 4th-Quarter Trades

First Eagle Investment (Trades, Portfolio) has revealed its portfolio for the fourth quarter of 2020. Major trades for the firm include reductions in Deere & Co. (NYSE:DE), Philip Morris International I...

Other symbols:CMCSADEMMMORCLPMWY
8 months ago - GuruFocus

Varian Installs World's First ProBeam® 360° Proton Therapy System at Penn Medicine Lancaster General Health

PALO ALTO, Calif., Feb. 4, 2021 /PRNewswire/ -- Varian (NYSE: VAR) has started the installation of the cyclotron and gantry for its ProBeam® 360° single-room proton therapy system at Penn Medicine Lanca...

8 months ago - PRNewsWire

Varian (VAR) Q1 Earnings Beat Estimates, Revenues Miss Mark

Varian's (VAR) receipt of 13 Ethos orders in fiscal Q1 raises investors' optimism on the stock.

8 months ago - Zacks Investment Research

Varian Medical Systems, Inc. (VAR) Beats Q1 Earnings Estimates

Varian Medical Systems, Inc. (VAR) delivered earnings and revenue surprises of 9.62% and -8.33%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the s...

8 months ago - Zacks Investment Research

Varian (VAR) to Report Q1 Earnings: What's in the Offing?

Varian's (VAR) fiscal first-quarter earnings are likely to reflect strength in Halcyon platform.

9 months ago - Zacks Investment Research

Varian Ranked Highest in Survey of US Radiation Oncology Professionals

PALO ALTO, Calif., Jan. 19, 2021 /PRNewswire/ -- Varian (NYSE: VAR) has been recognized again as the leader in the annual IMV ServiceTrak™ Radiation Oncology Systems report, ranking first in all nine of...

9 months ago - PRNewsWire

Varian Announces First Quarter Fiscal Year 2021 Earnings Release Date

PALO ALTO, Calif., Jan. 8, 2021 /PRNewswire/ -- Varian (NYSE: VAR) today announced its first quarter fiscal year 2021 earnings release date. The Company will report results for the first quarter of fisc...

9 months ago - PRNewsWire

Varian (VAR) Inks Deal With Yonsei Cancer Center in Korea

Varian (VAR) will be coordinating with Yonsei Cancer Center on formulating AI solutions, which are proven to upgrade early detection of cancer.

10 months ago - Zacks Investment Research

Here's Why You Should Hold onto Varian Medical (VAR) Stock Now

Investor confidence is high on Varian Medical (VAR) stock, courtesy of solid prospects.

10 months ago - Zacks Investment Research

The Most Popular Guru Buys of the 3rd Quarter

The third quarter was undeniably another bull run for stock markets with the major U.S. indexes reaching unprecedented highs. The S&P 500 surpassed 3,500 for the first time in history, the Nasdaq rocket...

Other symbols:ACNDHISHOPSNOW
10 months ago - GuruFocus

Varian Medical Systems: Key Upside Factors To The Siemens Transaction

Varian Medical Systems has key drivers in the growth engine that will continue to generate torque to the flywheel. The Siemens transaction highlights the company's standing as a leading authority in ste...

11 months ago - Seeking Alpha

Varian and the Cincinnati Children's/UC Health Proton Therapy Center Announce Initial Patient Treated in the FAST-01 ...

PALO ALTO, Calif., and CINCINNATI, Ohio, Nov. 19, 2020 /PRNewswire/ -- Varian (NYSE: VAR) and the Cincinnati Children's/UC Health Proton Therapy Center today announce the start of the first clinical tri...

11 months ago - PRNewsWire

Top 5 3rd-Quarter Trades of Al Gore's Firm

Generation Investment Management, the firm founded by Al Gore (Trades, Portfolio) and David Blood, disclosed this week that its top five trades for the third quarter included a new position in Cisco Sys...

Other symbols:ADIBDXCSCOGOOGGOOGL
11 months ago - GuruFocus

Top 10 Stocks Billionaire George Soros Just Bought

In this article we present the list of Top 10 Stocks Billionaire George Soros Just Bought. Click to skip ahead and see the  Top 5 Stocks Billionaire George Soros Just Bought .

11 months ago - Insider Monkey

Varian Medical Systems Invests in COTA, Inc. to Help Drive Faster, More Accurate Data-Driven Cancer Care

PALO ALTO, Calif., Nov. 10, 2020 /PRNewswire/ -- Varian (NYSE: VAR) today announced a new $10M investment and collaboration agreement with COTA, Inc., a Boston-based curator of clinical data in oncology...

11 months ago - PRNewsWire