Quarterly Financial Releases, Upcoming Investor Conferences, and R&D Agreements - Research Report on Varian, DexCom, Zeltiq, Globus, and Abaxis
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NEW YORK, November 6, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Varian Medical Systems, Inc. (NYSE: VAR), DexCom, Inc. (NASDAQ: DXCM), Zeltiq Aesthetics, Inc. (NASDAQ: ZLTQ), Globus Medical, Inc. (NYSE: GMED), and Abaxis, Inc. (NASDAQ: ABAX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Varian Medical Systems, Inc. Research Report
On October 23, 2013, Varian Medical Systems, Inc. (Varian) reported its Q4 FY 2013 and full-year FY 2013 (period ended September 30, 2013) financial results. In Q4 FY 2013, the Company's revenues totaled $769.9 million, up 1.8% YoY. During the quarter, net earnings stood at $117.3 million or $1.08 per diluted share, compared with$120.2 million or $1.08 per diluted share in Q4 FY 2012. For full-year FY 2013, revenues came in at $2.9 billion, up 4.8% YoY. Full year net earnings were reported at $438.2 million or $3.98 per diluted share, compared with $427.0 million or $3.76 per diluted share in FY 2012. Dow R. Wilson, President and CEO of Varian said, "Our X-Ray Products business delivered a record performance with robust growth in orders for its tubes and panels for filmless imaging. We are confident in the long-term growth prospects in all of our businesses." For full-year FY 2014, the Company anticipates revenues to grow in the range of 6% to 8% YoY and diluted EPS to be in the range of $4.22 to $4.34. The Full Research Report on Varian Medical Systems, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/bd48_VAR]
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DexCom, Inc. Research Report
On November 1, 2013, DexCom, Inc. (DexCom) announced that the Company's management will provide an update during its upcoming investor conferences. DexCom stated that the Company's Executive Vice President of Strategy and Corporate Development, Steve Pacelli, will present at the Stephens Fall Investment Conference in New York on November 12, 2013 at 9:00 a.m. EST; President and Chief Operating Officer Kevin Sayer will present at the 2013 Credit Suisse Healthcare Conference in Scottsdale Arizona on November 13, 2013 at 3:30 p.m. MST; and Terry Greg, CEO of DexCom, will present at the Canaccord Genuity Medical Technology & Diagnostics Forum in New York on November 14, 2013 at 9:30 a.m. EST. The Company informed that the live webcast of the conferences will be available on its Investor Relations website. The Full Research Report on DexCom, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/d377_DXCM]
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Zeltiq Aesthetics, Inc. Research Report
On October 30, 2013, Zeltiq Aesthetics, Inc. (Zeltiq) reported its Q3 2013 financial results. Net revenue came in at $29.5 million, up 64.4% YoY. Net loss for the quarter stood at $2.8 million, or $0.08 per share, compared to a net loss of $5.2 million, or $0.15 per share, in Q3 2012. Mark Foley, President and CEO of Zeltiq, said "Our outstanding Q3 performance resulted from a growing leadership position in the market along with the continued execution of our sales team in the large and underpenetrated non-invasive, fat reduction market. We had our second highest system placement quarter to-date and our highest system placement quarter, ever, in our North America market. Our continued efforts to drive utilization were further evidenced in two new practice partnering initiatives that we launched in the quarter - CoolSculpting University and CoolConnect." The Full Research Report on Zeltiq Aesthetics, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/b15b_ZLTQ]
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Globus Medical, Inc. Research Report
On October 30, 2013, Globus Medical, Inc. (Globus) reported its Q3 2013 financial results. The Company posted net sales of $107.2 million, up 13.1% YoY. Net income came in at $20.3 million, or $0.22 per diluted share, compared with $16.5 million, or $0.18 per diluted share in Q3 2012. David Paul, Chairman and CEO of Globus, commented, "Our growth this quarter is again attributable to the increased adoption and success of newer, more disruptive products, which are designed to provide better treatment for the patient, and are safer and easier to use for the surgeon, "He continued, " Our excellent product development execution and robust sales force expansion have us well positioned to continue to take share in the spine market into 2014 and beyond." The Company also reiterated revenue guidance of approximately $432 million for full-year 2013. The Full Research Report on Globus Medical, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/5898_GMED]
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Abaxis, Inc. Research Report
On October 25, 2013, Abaxis, Inc. (Abaxis) announced an R&D agreement with LamdaGen Corporation (LamdaGen) to integrate LamdaGen's high-sensitivity Plasmonic ELISA technology on the Abaxis Piccolo and VetScan rotors. Abaxis informed that system feasibility testing is currently underway. Clint Severson, CEO of Abaxis said, "We believe that LamdaGen's technology will provide a unique opportunity for Abaxis to integrate a high sensitivity immuno-based system onto our existing rotor-based platforms." He added, "If proven viable, both medical and veterinary customers will be able to simultaneously analyze for chemistry parameters as well as for infectious disease, hormones and a wide range of other markers on the same rotor. The ability to unify both diagnostic systems onto our existing rotor will greatly expand Abaxis' global diagnostic offerings." The Full Research Report on Abaxis, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/ec55_ABAX]
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