U.S. Markets closed

Align Scripts New Success in EMEA, Lifts Global Progress

Zacks Equity Research
1 / 1

MEET vs. WDAY: Which Stock Should Value Investors Buy Now?

MEET vs. WDAY: Which Stock Is the Better Value Option?

Align Technology, Inc’s ALGN strategy of international expansion gets a solid impetus with the company achieving a new landmark in Invisalign adoption. The company announced that it has completed the shipment of one million cases in the Europe, Middle East and Africa (EMEA) region.

Per Align, this is a significant milestone for the company reflecting accelerated adoption of Invisalign clear aligner therapy.

Align noted that the one millionth Invisalign patient in EMEA is 24-year old Julia Leibold from Freiburg, Germany. Julia is being treated with the Invisalign Comprehensive Package, changing her aligners on a weekly basis.

Following this new breakthrough, Align will launch a pro bono campaign in July when it will work with doctors across the EMEA belt to offer Invisalign treatment to multiple patients with disabilities.

Align’s Intenrational Profile at a Glance

Align has undertaken several strategies to improve adoption of Invisalign Technology globally including product/technology development, extending clinical efficacy and extension of the Invisalign technology brand.

In recent times, the company’s international Invisalign volumes trend has consistently remained strong with 43.4% growth registered during the first quarter of 2018. This reflected a continued strong performance in both EMEA and APAC regions.

In EMEA, first-quarter volumes were up 36.6% on solid adoption of Invisalign Technology in the markets of Iberia and France as well as owing to rapid growth in smaller markets like Eastern Europe and Central Europe along with Benelux. In the Asia-Pacific zone, the company witnessed 56.1% surge in first-quarter volume, led by China, Japan and Australia.

While China stood close as the second largest market after the United States for Align, Iberia followed as the third largest destination. The international teen case soared 60% year over year in the same quarter. Notably, it is the sixth straight quarter when Invisalign teenage patient base grew faster than the adult patient population.

Not only that, the company of late accomplished a new feat with respect to its Invisalign Teen treatment options. It introduced a clear Aligner solution for teen Class II correction — the Invisalign Technology Teen with mandibular advancement — in certain markets of Canada, EMEA and APAC in 2017. The FDA approval for the same is expected in the second half of 2018.

These developments are indicative of the growing popularity of Align’s dental products in the foreign markets. Over the long term, we expect G6, G7 and similar innovations to act as major catalysts for Align’s growth in new as well as the existing markets.

Share Price Performance


Shares of Align have outperformed its industry over the past three months. The stock has surged 44.2% compared with the industry's 9.7% rise. 

Zacks Rank & Other Key Picks

Align currently carries a Zacks Rank #2 (Buy). A few other top-ranked stocks in the broader medical sector are Genomic Health GHDX, Abiomed ABMD and Stryker Corp. SYK.

Genomic Health has an expected earnings growth rate of 187.5% for the second quarter. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Abiomed has a projected long-term earnings growth rate of 27% and a Zacks Rank of 1.

Stryker has a projected long-term earnings growth rate of 9.7% and a Zacks Rank of 2.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>

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
ABIOMED, Inc. (ABMD) : Free Stock Analysis Report
Stryker Corporation (SYK) : Free Stock Analysis Report
Genomic Health, Inc. (GHDX) : Free Stock Analysis Report
Align Technology, Inc. (ALGN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research