Varian Medical Systems (VAR - Free Report) 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.
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 Accuray (ARAY - Free Report) .
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).