logo
Varex Announces Non-Intrusive Cargo Inspection Systems

Varex Announces Non-Intrusive Cargo Inspection Systems

Business Wire08-05-2025

SALT LAKE CITY--(BUSINESS WIRE)--Varex Imaging Corporation (Nasdaq: VREX) today announced that it has received orders for its high-energy non-intrusive cargo and vehicle inspection systems valued at approximately $25 million USD from an international customer. The systems will be placed at strategic locations securing sea and land ports.
Varex Imaging CEO, Sunny Sanyal, stated, 'As a leader in high energy Linear Accelerator based imaging, we are pleased to see that our technology, and track record for quality and excellence is enabling us to win new business in Cargo Systems. We are glad to partner with our customers and end users to help secure ports and borders globally.'
For more information about Varex's non-intrusive cargo inspection systems, please contact your Varex representative or visit our website at https://www.vareximaging.com/security-solutions/.
About Varex
Varex Imaging Corporation is a leading innovator, designer, and manufacturer of X-ray imaging components, which include X-ray tubes, digital detectors, and other image processing solutions that are key components of X-ray imaging systems, as well as X-ray imaging systems for industrial applications. With a 70+ year history of successful innovation, Varex's products are used in medical imaging as well as in industrial and security imaging applications. Global OEM manufacturers incorporate the company's X-ray sources, digital detectors, connecting devices, and imaging software in their systems to detect, diagnose, protect, and inspect. Headquartered in Salt Lake City, Utah, Varex employs approximately 2,300 people located in North America, Europe, and Asia. For more information visit vareximaging.com.
Forward Looking Statements
This news release contains 'forward-looking' statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements concerning interest in and adoption and performance of our products and systems; our technology and reputation enabling us to win business; strengthening our portfolio of offerings; and impact on safety and security of infrastructures; and any statements using the terms 'expect,' 'could,' 'may,' 'designed,' and 'possible' or similar statements are forward-looking statements that involve risks and uncertainties that could cause our actual results and the outcome and timing of certain events to differ materially from those projected or management's current expectations. Any forward-looking statement made by us in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Varex assumes no obligation to update or revise the forward-looking statements in this release because of new information, future events, or otherwise.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why The Trade Desk Stock Popped 40% in May
Why The Trade Desk Stock Popped 40% in May

Yahoo

time10 minutes ago

  • Yahoo

Why The Trade Desk Stock Popped 40% in May

After missing fourth-quarter estimates, The Trade Desk redeemed itself with a strong first-quarter earnings report. The stock also gained as the U.S. and China agreed to lower tariff rates. The Trade Desk has made significant investments in AI, which should set it up for success over the long term. 10 stocks we like better than The Trade Desk › Shares of The Trade Desk (NASDAQ: TTD) were soaring last month as the ad tech leader delivered better-than-expected results in its first-quarter earnings report, redeeming itself after an earlier miss, and benefited from a broader risk-on movement in the market. That included a surge on May 12 when the U.S. and China agreed to lower tariff rates. As a result, The Trade Desk stock finished May up 40%, according to data from S&P Global Market Intelligence. As you can see from the chart below, the stock popped following its May 8 earnings report and gained on the following session due to the favorable trade war news. The Trade Desk, which is the leading independent, demand-side platform in ad tech, got off to a rough start to the year after missing its own guidance for the first time in February when it reported Q4 earnings. Its Q1 earnings report reassured investors, showing that the Q4 miss was indeed a blip rather than a sign of underlying problems. In Q1, The Trade Desk's revenue jumped 25% to $616 million, easily topping estimates at $575.3 million, and management said the strategic updates it implemented in Q4 were paying off. On the bottom line, it also delivered strong results as adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $208 million were up from $162 million in the quarter a year ago. Adjusted earnings per share increased from $0.26 to $0.33, topping expectations at $0.25. The Trade Desk stock gained 19% on May 9 on the news and then added another 12% on May 12 on news that the U.S. and China were lowering their tariff rates for 90 days. Due to its exposure to advertising, The Trade Desk is sensitive to the macroeconomic climate, so calming trade tensions is a good sign for the company. Over the rest of the month, the stock was mostly flat. The Trade Desk remains an expensive stock at a price-to-earnings (P/E) ratio of 91 based on generally accepted accounting principles (GAAP), but the company looks poised for long-term growth thanks to its investments in AI and the broader growth of the digital advertising market. Looking ahead to Q2, the company expects revenue of at least $682 million, or at least 17% on adjusted EBITDA of $259 million. If it can maintain that kind of growth, the stock should move higher over the long term. Before you buy stock in The Trade Desk, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and The Trade Desk wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Jeremy Bowman has positions in The Trade Desk. The Motley Fool has positions in and recommends The Trade Desk. The Motley Fool has a disclosure policy. Why The Trade Desk Stock Popped 40% in May was originally published by The Motley Fool Sign in to access your portfolio

T. Rowe Price (TROW) Stock Sinks As Market Gains: What You Should Know
T. Rowe Price (TROW) Stock Sinks As Market Gains: What You Should Know

Yahoo

time10 minutes ago

  • Yahoo

T. Rowe Price (TROW) Stock Sinks As Market Gains: What You Should Know

In the latest market close, T. Rowe Price (TROW) reached $92.15, with a -1.54% movement compared to the previous day. This change lagged the S&P 500's daily gain of 0.41%. Elsewhere, the Dow saw an upswing of 0.08%, while the tech-heavy Nasdaq appreciated by 0.67%. Heading into today, shares of the financial services firm had gained 2.12% over the past month, lagging the Finance sector's gain of 4.15% and the S&P 500's gain of 6.13% in that time. Investors will be eagerly watching for the performance of T. Rowe Price in its upcoming earnings disclosure. In that report, analysts expect T. Rowe Price to post earnings of $1.99 per share. This would mark a year-over-year decline of 11.95%. Alongside, our most recent consensus estimate is anticipating revenue of $1.7 billion, indicating a 2.16% downward movement from the same quarter last year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.26 per share and a revenue of $6.92 billion, indicating changes of -11.47% and -2.5%, respectively, from the former year. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for T. Rowe Price. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.57% higher. T. Rowe Price is currently a Zacks Rank #4 (Sell). Digging into valuation, T. Rowe Price currently has a Forward P/E ratio of 11.33. This signifies a premium in comparison to the average Forward P/E of 10.74 for its industry. Meanwhile, TROW's PEG ratio is currently 3.04. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Financial - Investment Management stocks are, on average, holding a PEG ratio of 1.3 based on yesterday's closing prices. The Financial - Investment Management industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 218, finds itself in the bottom 12% echelons of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

FedEx (FDX) Stock Dips While Market Gains: Key Facts
FedEx (FDX) Stock Dips While Market Gains: Key Facts

Yahoo

time10 minutes ago

  • Yahoo

FedEx (FDX) Stock Dips While Market Gains: Key Facts

FedEx (FDX) closed at $217.89 in the latest trading session, marking a -0.1% move from the prior day. This move lagged the S&P 500's daily gain of 0.41%. Meanwhile, the Dow experienced a rise of 0.08%, and the technology-dominated Nasdaq saw an increase of 0.67%. Coming into today, shares of the package delivery company had lost 0.74% in the past month. In that same time, the Transportation sector gained 10.25%, while the S&P 500 gained 6.13%. Analysts and investors alike will be keeping a close eye on the performance of FedEx in its upcoming earnings disclosure. The company's earnings report is set to go public on June 24, 2025. It is anticipated that the company will report an EPS of $5.98, marking a 10.54% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $21.75 billion, showing a 1.62% drop compared to the year-ago quarter. Investors might also notice recent changes to analyst estimates for FedEx. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.23% lower. As of now, FedEx holds a Zacks Rank of #4 (Sell). In terms of valuation, FedEx is currently trading at a Forward P/E ratio of 12.01. This indicates a discount in contrast to its industry's Forward P/E of 13.77. Investors should also note that FDX has a PEG ratio of 1.13 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Transportation - Air Freight and Cargo industry held an average PEG ratio of 1.71. The Transportation - Air Freight and Cargo industry is part of the Transportation sector. With its current Zacks Industry Rank of 190, this industry ranks in the bottom 24% of all industries, numbering over 250. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FedEx Corporation (FDX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store