|Bid||269.83 x 1100|
|Ask||270.25 x 800|
|Day's Range||269.46 - 278.39|
|52 Week Range||169.84 - 334.64|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||51.83|
|Earnings Date||Jan 28, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||298.93|
Align Technology (ALGN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Signet Jewelers, Urban Outfitters, Smile Direct and Align Technology highlighted as Zacks Bull and Bear of the Day
Align Technology (ALGN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
(Bloomberg) -- SmileDirectClub Inc. will start selling its teeth-straightening products to dentists and orthodontists, putting it in direct competition with one-time partner Align Technology Inc.’s Invisalign.A supply pact with Align that limited SmileDirectClub to selling its products only online and in retail shops expired at the end of 2019, the Nashville, Tennessee-based company said in a statement announcing the move Tuesday.“With our agreement with Align Technology now expired, we are no longer obligated to stay in the direct-to-consumer channel,” SmileDirectClub co-founder Alex Fenkell said in the statement. “We’re excited to expand our offering.”SmileDirectClub gained 17% to $11.95 at 9:35 a.m. in New York. Align fell 3.7% to $287.03.Nashville-based SmileDirectClub makes 3D-printed aligners that are custom fit to patients based on impressions made in shops or at home with a kit. The company says that more than 750,000 people have used its teeth-straightening products since it was founded in 2014.SmileDirectClub will now sell directly to members of a profession that once tried to stop it. Some traditional orthodontists have warned consumers about the possible dangers of using SmileDirectClub, and the industry’s main trade association filed complaints against the startup in dozens of states.Direct to DentistsThe move also puts SmileDirectClub into head-to-head competition with Align, which sued the company in 2015 for patent infringement. The suit was eventually dropped, and Align became a major investor in SmileDirectClub and a third-party supplier of its products prior to SmileDirectClub’s initial public offering in September. Align no longer holds a stake, SmileDirectClub said.SmileDirectClub said it had seen increasing demand from dentists and orthodontists in its network who wanted to provide its aligners to in-office patients.“Individual orthodontists and dentists do what is in the best interests of their practices,” SmileDirectClub Chief Clinical Officer Jeffrey Sulitzer said in an interview. “When there is a good business opportunity, they will take advantage of it, and this will be a great business opportunity.”The company said that only about 30% of U.S. dentists and orthodontists now offer clear-aligner therapy for their in-office patients.The news follows a Jan. 6 announcement by SmileDirectClub that it would sell a new line of oral care products exclusively through Walmart Inc.While its stock rose sharply after the Walmart news, it had been down by more than half since the IPO as of Monday’s close.(Updates shares in the fourth paragraph)To contact the reporter on this story: Robert Langreth in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Drew Armstrong at email@example.com, Mark SchoifetFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Boosted by average EPS growth of 84% over the last three quarters, life sciences leader and biologic drugmaker Repligen is now testing a new buy point.
SAN JOSE, Calif., Jan. 02, 2020 -- Align Technology, Inc. (Nasdaq: ALGN) announced today that the Company will report fourth quarter and 2019 financial results on Wednesday,.
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Align Technology (ALGN) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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