Varex Imaging Corporation (VREX)
Summary
Are Investors Undervaluing VAREX IMAGING (VREX) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Is VAREX IMAGING (VREX) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Wall Street Analysts See a 78.39% Upside in VAREX IMAGING (VREX): Can the Stock Really Move This High?
The consensus price target hints at a 78.4% upside potential for VAREX IMAGING (VREX). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Varex Imaging Corporation Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TMB Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 240 | $2,796 | $2,563.2 | -$232.8 | -8.33% |
| CE Curtis Ellergodt Rothschild Investment LLC | 114 | $1,330.28 | $1,217.52 | -$112.76 | -8.48% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 100 | $1,165 | $1,069.57 | -$95.43 | -8.19% |
 Richard S. Pzena Pzena Investment Management | 3.99M | $59.69M | $43.02M | -$16.68M | -27.94% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 289 | $3,841.69 | $3,098.08 | -$743.61 | -19.36% |
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Varex Imaging Corporation Profile
| Health Care Equipment & Supplies Industry | Healthcare Sector | Sunny S. Sanyal CEO | NASDAQ (NGS) Exchange | 92214X106 CUSIP |
| US Country | 2,400 Employees | - Last Dividend | - Last Split | 20 Jan 2017 IPO Date |
Overview
Varex Imaging Corporation is a key player in the design and manufacture of X-ray imaging components, with operations that span across the globe including North America, South America, Europe, Russia, the Middle East, India, Africa, Asia, and Australia. Established in 2016 and headquartered in Salt Lake City, Utah, the company engages in two primary segments: Medical and Industrial. The Medical segment focuses on providing components for various radiographic applications, whereas the Industrial segment caters to security and inspection uses. Varex sells its products through a mix of channels, including original equipment manufacturers (OEMs), independent service companies, distributors, and direct sales to end-users.
Products and Services
The comprehensive range of Varex Imaging Corporation's products and services is distributed across two main segments: Medical and Industrial.
- X-ray Tubes: These are crucial components for generating X-rays used across both medical and industrial settings, assisting in imaging and inspection processes.
- Digital Detectors: Varex provides state-of-the-art digital detectors that capture X-ray images for medical diagnoses and industrial inspection tasks.
- High Voltage Connectors: These connectors are designed to deliver the required high voltage to X-ray tubes efficiently and safely.
- Image-processing Software and Workstations: The company offers advanced software for processing and analyzing X-ray images, paired with compatible workstations for healthcare and industrial professionals.
- 3D Reconstruction and Computer-aided Diagnostic Software: Specialized software that aids in constructing 3D models from X-ray images and supports diagnostics with computer-aided techniques.
- Collimators, Automatic Exposure Control Devices, and Generators: These components are integral in controlling and managing the exposure levels and quality of X-ray imaging.
- Heat Exchangers and Ionization Chambers: Essential for maintaining the operational integrity of X-ray systems by managing heat and measuring ionizing radiation levels.
- Buckys: Used primarily in medical imaging, these support the patient and include a moving grid to reduce scatter radiation, improving image clarity.
- Linatron X-ray Accelerators: For industrial applications, these accelerators are pivotal in non-destructive testing and security scanning, providing high-energy X-rays.
- Security and Industrial Inspection Applications: Varex’s technologies are widely used in airport security, cargo screening at ports and borders, and various nondestructive testing scenarios.
