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Volcano Corporation (VOLC) news stock charts

Volcano Corporation (VOLC) Investment Summary:

We design, develop, manufacture and commercialize a broad suite of intravascular ultrasound, or IVUS, and functional measurement, or FM, products that we believe enhance the diagnosis and treatment of vascular and structural heart disease. Our IVUS products consist of consoles, single-procedure disposable catheters and advanced functionality options. FM devices measure the pressure and flow characteristics of blood around plaque thereby allowing physicians to gauge the plaque’s impact on blood flow and pressure. Our FM products consist of pressure and flow consoles and single-procedure disposable pressure and flow guide wires. We market our products to physicians and technicians who perform percutaneous interventional procedures in hospitals and to other personnel who make purchasing decisions on behalf of hospitals.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f17%2f0000950134-08-004844.html#FIS_BUSINESS"   
www.volcanotherapeutics.com
Founded in 2000

VOLCANO CORP (VOLC:NASDAQ)

LAST $23.46 USD
CHANGE TODAY -0.46 -1.92%
VOLUME 461.9K
As of 5:20 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of VOLCANO CORP (VOLC)

OPEN
$24.04
PREVIOUS CLOSE
$23.92
DAY HIGH
$24.04
DAY LOW
$23.40
52 WEEK HIGH
03/11/10 - $24.50
52 WEEK LOW
05/13/09 - $11.33
MARKET CAP
1.2B
AVERAGE VOLUME 10 D
682.7K
EPS TTM
$-0.25
SHARES OUTSTANDING
49.7M
VOLC Does Not Pay Dividends
P/E TTM
--
K = Thousands  M = Millions  B = Billions

Key developments for VOLCANO CORP (VOLC)

Volcano Expands Access to FFR with Ability to Integrate with the Majority of Hemodynamic Monitoring Systems

Volcano Corporation announced its Fractional Flow Reserve (FFR) technology can now integrate with the FFR modules of hemodynamic monitoring systems from GE, Siemens, McKesson, and Mennen. Volcano's Smart MapR Pressure Instrument and PrimeWireR Pressure Guide Wire are now compatible with the majority of hemodynamic monitoring systems, making the benefits of FFR accessible to more clinicians and patients. Volcano's SmartMap will provide a pressure reading to GE Healthcare's Mac-LabR XT and XTi hemodynamic recording systems version 6.8.1, Siemens' AXIOM Sensis XP VC11, McKesson's Horizon CardiologyT Hemo version 12.1, and Mennen's Horizon XVu Hemodynamic Monitoring System. With the pressure measurement derived from Volcano's PrimeWireR hemodynamic monitoring systems have the ability to calculate the FFR gradient and display the FFR measurement on the hemodynamic screen in the cath lab.

Volcano Corporation expected to Report Q1 2010 Results on May 3, 2010. This event was calculated by Capital IQ (Created on March 4, 2010).

Volcano Corporation expected to Report Q1 2010 Results on May 3, 2010. This event was calculated by Capital IQ (Created on March 4, 2010).

Volcano Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2009; Provides Earnings Guidance for Fiscal 2010

Volcano Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company reported net loss of $12,075,000 or $0.25 per diluted share on revenues of $71,014,000 compared to net income of $1,358,000 or $0.03 per diluted share on revenues of $49,253,000 for the same period a year ago. Loss before provision for income taxes was $11,721,000 compared to income before provision for income taxes of $1,271,000 for the same period a year ago. Operating loss was $12,002,000 compared to $18,000 for the same period a year ago. Non-GAAP operating income was $7,034,000 compared to $2,797,000 for the same period a year ago. Non-GAAP net income was $6,961,000 or 0.14 per diluted share compared to $4,173,000 or 0.08 per diluted share for the same period a year ago. For the year ended, the company reported net loss of $28,954,000 or $0.60 per diluted share on revenues of $227,867,000 compared to net loss of $13,705,000 or $0.29 per diluted share on revenues of $171,495,000 for the same period a year ago. Loss before provision for income taxes was $27,767,000 compared to $13,085,000 for the same period a year ago. Operating loss was $30,846,000 compared to $19,663,000 for the same period a year ago. Non-GAAP operating loss was $2,239,000 compared to non-GAAP operating income of $5,433,000 for the same period a year ago. Non-GAAP net loss was $347,000 or 0.01 per diluted share compared to non-GAAP net income of $11,391,000 or 0.23 per diluted share for the same period a year ago. The company provided earnings guidance for fiscal 2010. The company expects non-GAAP net income to be in the range of $15,927,000 or $0.30 per diluted share to $18,535 or 0.35 per diluted share, GAAP net income to be in the range of $2,627,000 to $5,235,000, non-GAAP operating income to be in the range of $17,178,000 to $19,786,000 and GAAP operating income to be in the range of $3,878,000 to $6,486,000 in fiscal 2010. Net interest income for 2010 is expected to be approximately $450,000. On a GAAP basis, the company expects to report net income of $0.05 to $0.10 per diluted share. Based on the expected timing of these investments and the anticipated growth trajectory for revenues, the company expects to be profitable on a GAAP basis beginning in the third quarter of fiscal 2010 and profitable on a GAAP basis for all of fiscal 2010. On a consolidated basis, the company expects total revenues in fiscal 2010 of $277-$282 million, an increase of approximately 22% over revenues in 2009. The expected revenues for 2010 include approximately $20 million in revenues from Axsun Technologies Inc.

Volcano Corporation financial resources

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VOLC Competitors

Company Last Change
Boston Scientific Corp $7.13 USD +0.06
Neovasc Inc C$0.38 CAD +0.02
Terumo Corp ¥4,980 JPY +35.00
Market data is delayed at least 15 minutes.
 

Industry Analysis

Valuation VOLC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 5.1x
Price/Book 5.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 4.7x

VOLC

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VOLC transactions

Type
Date
Target
Merger/Acquisition
February 9, 2010
Lumen Biomedical, Inc., Xtract Thrombus Aspiration Catheter Device Line

More Recent Financial News About Volcano Corporation

CardioSpectra founders win UT System Chancellor’s award for entrepreneurship

Quote: CardioSpectra was acquired by Volcano Corp. in 2007, resulting in an immediate 500 percent return on the team’s investment. A return of 1,200 percent could still be possible if certain milestones are completed in the future.The third professor to win the award was Borje Andersson, assistant professor in the department of Stem Cell Transplantion - Division of Cancer Medicine at the University of Texas M. D. Anderson Cancer Center in Houston.Andersson is the lead inventor of the intravenous ...
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Volcano Expands Access to FFR with Ability to Integrate with the Majority of Hemodynamic Monitoring Systems

Quote: "Utilization of Volcano's physiology (functional measurement) products has grown 79% in the last year, driven primarily by the landmark FAME data and recent elevation of the level of evidence for FFR in the ACC/AHA/SCAI PCI Guidelines to Level A," commented Scott Huennekens, President and CEO of Volcano. "The FAME study demonstrated a 34% reduction in death and myocardial infarction (MI), and a more than $2,000 reduction in costs for patients guided by FFR instead of angiography alone. This data...
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Volcano Announces Activities at the ACC 2010

Quote: "The Percutaneous Coronary Intervention (PCI) procedures that benefit from our technology are very complex, often involving multi-vessel disease, bifurcations, left mains, chronic total occlusions, intermediate lesions, or various combinations," commented Joe Burnett, Executive Vice President at Volcano. "Our message, however, is quite simple. Angiography alone is not enough. Multiple large studies including FAME, PROSPECT and STLLR have demonstrated that reliance on the two-dimensional x-ray im...
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Volcano Corporation Presentation at Roth Capital Partners Conference to be Webcast

Quote: SAN DIEGO, March 9NasdaqVOLCNews), a leading developer and manufacturer of precision intravascular therapy guidance tools designed to enhance the diagnosis and treatment of coronary and peripheral vascular disease, said today that it will be participating in the 22nd Annual Roth OC Growth Stock Conference on Tuesday, March 16.The presentation by John Dahldorf, chief financial officer, will begin at 2 p.m., Pacific Daylight Time (5 p.m., Eastern Daylight Time).http://www.wsw.com/webcast/roth23/vo...
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Volcano Reports 44 Percent Increase in Fourth Quarter Revenues

Quote: Revenues for the fourth quarter of 2009 included $5.8 million from Axsun Technologies, Inc., which Volcano acquired in the fourth quarter of 2008, and contributed $578,000 in revenues in the fourth quarter a year ago.For the fourth quarter of 2009, the company reported a GAAP net loss of $12.1 million, or $0.25 per share, versus GAAP net income of $1.4 million, or $0.03 per diluted share, in the fourth quarter of 2008. Included in the results for the fourth quarter of 2009 are in-process researc...
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Volcano Corporation Presentation at Roth Capital Partners Conference to be Webcast

Quote: SAN DIEGO, March 9NasdaqVOLCNews), a leading developer and manufacturer of precision intravascular therapy guidance tools designed to enhance the diagnosis and treatment of coronary and peripheral vascular disease, said today that it will be participating in the 22nd Annual Roth OC Growth Stock Conference on Tuesday, March 16.The presentation by John Dahldorf, chief financial officer, will begin at 2 p.m., Pacific Daylight Time (5 p.m., Eastern Daylight Time).http://www.wsw.com/webcast/roth23/vo...
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Volcano takes bigger loss, but shares gain ground

Quote: SAN DIEGO (AP) -- Medical device maker Volcano Corp. posted a fourth-quarter loss Thursday, saying research charges and other costs outweighed growth in revenue.Volcano took a loss of $12.1 million, or 25 cents per share. A year ago Volcano it reported a profit of $1.4 million, or 3 cents per share. The latest quarter included $14 million in charges related to acquired research and development programs, and Volcano's selling, general, and administrative expenses grew to $31.8 million from $22 mi...
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VOLCANO CORP Files SEC form 10-K, Annual Report

Quote: On July 8, 2009, we entered into a Distributor Termination Agreement, or Termination Agreement, with Goodman that terminated certain agreements between us and Goodman effective August 31, 2009, and provided for the transition of the distribution of Volcano products in Japan to Volcano Japan Co. Ltd., or Volcano Japan. We believe that the termination of this relationship enables us to provide more focused service and support to the Japanese market, creates more favorable economics, including high...
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Volcano takes bigger loss, but shares gain ground

Quote: SAN DIEGO (AP) -- Medical device maker Volcano Corp. posted a fourth-quarter loss Thursday, saying research charges and other costs outweighed growth in revenue.Volcano took a loss of $12.1 million, or 25 cents per share. A year ago Volcano it reported a profit of $1.4 million, or 3 cents per share. The latest quarter included $14 million in charges related to acquired research and development programs, and Volcano's selling, general, and administrative expenses grew to $31.8 million from $22 mi...
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Volcano Reports 44 Percent Increase in Fourth Quarter Revenues

Quote: Revenues for the fourth quarter of 2009 included $5.8 million from Axsun Technologies, Inc., which Volcano acquired in the fourth quarter of 2008, and contributed $578,000 in revenues in the fourth quarter a year ago.For the fourth quarter of 2009, the company reported a GAAP net loss of $12.1 million, or $0.25 per share, versus GAAP net income of $1.4 million, or $0.03 per diluted share, in the fourth quarter of 2008. Included in the results for the fourth quarter of 2009 are in-process researc...
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Volcano Corporation Fourth Quarter Conference Call, Webcast scheduled for 5:00 pm ET today

Quote: Call DetailsVolcano Corporation Fourth Quarter Conference Call, WebcastWed, Mar 3, 2010, 5:00 pm EasternAbout Volcano CorporationVOLC)Volcano Corporation designs, develops, manufactures, and commercializes a suite of intravascular ultrasound (IVUS) and functional measurement (FM) products. Its IVUS products consist of ultrasound consoles, and single-procedure disposable phased array and rotational IVUS imaging catheters, as well as functionality options, such as virtual histology, IVUS tissue ch...
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VOLCANO CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits

Quote: Item 2.02 Results of Operations and Financial Condition. On March 3, 2010, Volcano Corporation issued a press release regarding its financial results for the fourth quarter and full year ended December 31, 2009. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K. The information in this report, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incor...
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Volcano Corporation Schedules Fourth Quarter Conference Call, Webcast

Quote: 24VOLCNews), a leading developer and manufacturer of precision intravascular therapy guidance tools designed to enhance the diagnosis and treatment of coronary and peripheral vascular disease, today announced that it will report its operating results for the fourth quarter and all of fiscal 2009 on Wednesday, March 3.The company will hold a conference call to discuss its financial results and operating activities open to all interested parties at 2 p.m., Pacific Standard Time, (5 p.m., Eastern S...
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Volcano Corporation Announces Litigation Status

Quote: 5 /PRNewswire-FirstCall/ -- Volcano Corporation (Nasdaq: VOLC) today announced that the jury in the litigation filed by Lightlab Imaging, Inc. on January 7, 2009 in the Superior Court of Massachusetts, Suffolk County reached a verdict against Volcano and its wholly owned subsidiary, Axsun Technologies.  In December 2008, Volcano acquired Axsun, which had an agreement to supply tunable lasers to Lightlab for use in Lightlab's OCT (Optical Coherence Technology) imaging products until April 2016...
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Volcano Corporation Completes Acquisition of Lumen Biomedical's Xtract(TM) Thrombus Aspiration Catheter

Quote: 9 /PRNewswire-FirstCall/ -- Volcano Corporation (Nasdaq: VOLC), a leading developer and manufacturer of precision intravascular therapy guidance tools designed to enhance the diagnosis and treatment of coronary and peripheral vascular disease, announced today that it has acquired the Xtractâ„¢ Thrombus Aspiration Catheter device line from Lumen Biomedical. Volcano became the exclusive global distributor of the Xtractâ„¢ catheter in May 2009. This acquisition reinforces Volcano's dedicati...
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Volcano Receives FDA Clearance to Market the Eagle Eye(R) Platinum Digital IVUS Catheter

Quote: 9 /PRNewswire-FirstCall/ -- Volcano Corporation (Nasdaq: VOLC), a leading developer and manufacturer of precision intravascular therapy guidance tools designed to enhance the diagnosis and treatment of coronary and peripheral vascular disease, announced today that it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market the Eagle Eye® Platinum digital IVUS catheter in the United States. This state-of-the-art catheter offers all of the benefits of the predece...
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Volcano Corporation Schedules Fourth Quarter Conference Call, Webcast

Quote: 24VOLCNews), a leading developer and manufacturer of precision intravascular therapy guidance tools designed to enhance the diagnosis and treatment of coronary and peripheral vascular disease, today announced that it will report its operating results for the fourth quarter and all of fiscal 2009 on Wednesday, March 3.The company will hold a conference call to discuss its financial results and operating activities open to all interested parties at 2 p.m., Pacific Standard Time, (5 p.m., Eastern S...
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VOLCANO CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits

Quote: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) 2009 Bonuses, 2010 Base Salaries and Stock-Based Awards On February 5, 2010, upon the recommendation of the Compensation Committee of the Board of Directors (the "Board") of Volcano Corporation (the "Company"), the independent members of the Board approved cash bonuses to be paid to the "named executive officers" ...
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Volcano Corporation Completes Acquisition of Lumen Biomedical's Xtract(TM) Thrombus Aspiration Catheter

Quote: 9 /PRNewswire-FirstCall/ -- Volcano Corporation (Nasdaq: VOLC), a leading developer and manufacturer of precision intravascular therapy guidance tools designed to enhance the diagnosis and treatment of coronary and peripheral vascular disease, announced today that it has acquired the Xtractâ„¢ Thrombus Aspiration Catheter device line from Lumen Biomedical. Volcano became the exclusive global distributor of the Xtractâ„¢ catheter in May 2009. This acquisition reinforces Volcano's dedicati...
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UPDATE - Volcano gets FDA nod to market digital catheter

Keywords: Pharmaceuticals (sub-industry),Industrial conglomerates (industry),United States of America,Regulation and enforcement,Business activities,Company News item,Economic news, EC, business/financial pages,
Quote: UPDATE 1-Volcano gets FDA nod to market digital catheter * Says expects to launch product in Q2 * Shares up 14 pct in premarket trade Feb 9 (Reuters) - Volcano Corp (VOLC.O) said it received marketing clearance from the U.S. health regulator for a new version of its Eagle Eye IVUS catheter, sending its shares up 14 percent before the bell. The medical device maker said it expects to market the Eagle Eye Platinum digital IVUS catheter in the second quarter of 2010. Shares of the company rose 14 p...
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