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Akamai, Barnes Group, Varian Medical Systems, Siemens and Accuray highlighted as Zacks Bull and Bear of the Day

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For Immediate Release

Chicago, IL – June 17, 2013 – Zacks Equity Research highlights Akamai (AKAM - Free Report) -Free Report) as the Bull of the Day and Barnes Group ((B - Free Report) -Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Varian Medical Systems, Inc. (VAR - Free Report) -Free Report), Siemens AG -Free Report) and Accuray Incorporated (ARAY - Free Report) -Free Report).

Here is a synopsis of all five stocks:

Bull of the Day:

If you've ever shopped online, downloaded music, watched a web video or connected to work remotely, you've probably used Akamai's (AKAM - Free Report) -Free Report) cloud platform. We ensure the best online experience on any device, anywhere.

Akamai helps enterprises accelerate innovation in the hyperconnected world by removing the complexities of technology so you can focus on driving your business faster forward. We enable enterprises to capitalize on market opportunities presented by trends like mobile and cloud while overcoming the challenges presented by security threats and the need to reach users globally.

The Akamai Intelligent Platform™ reaches globally and delivers locally, providing our customers with unmatched reliability, security and visibility into their online business.

Bear of the Day:

Sometimes you can have a good company that finds its stock a bit ahead of itself, which is what I think we are seeing here in Barnes Group, today’s Bear of the Day.

If you are not familiar, Barnes Group ((B - Free Report) -Free Report) (Zacks Rank #5) is an international aerospace and industrial manufacturing and services provider, serving a wide range of end markets and customers. The products and services provided by the company are used in far-reaching applications that provide transportation, communication, manufacturing and technology to the world.

Many of their products are highly engineered, high quality (high price) products for those industries.  In a world that is seeing slowing growth on the downswing rather than on the rise, I am concerned that the 50% rise in share price and 19 times earnings multiple might be a little rich.  I have no doubt the company will continue to sell its components, but their growth looks questionable in the second quarter. 

Barnes generates roughly 20% of its sales in Europe, 18% in Asia and 62% in the Americas.

Barnes Group reported Q1 adjusted earnings per share of 40 cents, up roughly 25% year over year in late April; the results fell 11.1% short of the Zacks Consensus Estimate for 45 cents.

Additional content:

Varian Links with Siemens Systems

Oncology and X-Ray products company Varian Medical Systems, Inc. (VAR - Free Report) -Free Report), and Siemens Healthcare, a part of Siemens AG -Free Report), recently revealed that technicians at The Ohio State University are utilizing Varian software to conduct radiotherapy sessions with linear accelerators manufactured by Siemens. The two companies have created an interface that links the Aria system from Varian with certain equipment of Siemens.

In Mar 2013, Siemens was granted 510(k) clearance from the Food and Drug Administration for connectivity between Aria software and two of its linear accelerators.

As per Varian, its software can function with 80% of Siemens hardware. In fact, a large proportion of Siemens locations may utilize Aria to handle different forms of care.

Siemens Healthcare is a leader in diagnostics, medical imaging and other health care areas. The company offers a wide range of offerings ranging from prevention to diagnosis. 

Varian is a leading manufacturer of integrated radiotherapy systems for cancer treatment 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 Accuray Incorporated (ARAY - Free Report) -Free Report).

The company is poised to increase its market share in radiation oncology. It currently enjoys a healthy demand for its coveted TrueBeam technology, which has meaningfully contributed to its net order oncology growth. Varian’s TrueBeam is designed to treat tumors with beams of high speed and precision. It incorporates several technological innovations such as patient positioning and managing his/her motion. Given its high intensity nature, TrueBeam can dispense strong dosage over twice as fast as that possible with earlier equipment.

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About the Bull and Bear of the Day

Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.

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