|Bid||259.85 x 900|
|Ask||260.05 x 800|
|Day's Range||257.22 - 262.42|
|52 Week Range||169.84 - 334.64|
|Beta (3Y Monthly)||2.07|
|PE Ratio (TTM)||49.84|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Some Align Technology, Inc. (NASDAQ:ALGN) shareholders may be a little concerned to see that the Independent Director...
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STOCKSTOWATCHTODAY BLOG Mixed Trading. The Dow Jones Industrial Average fell, dragged lower by discouraging news from 3M, but the other major U.S. stock-market indexes were higher as investors assessed a flood of news about corporate earnings.
Shares of Align Technology Inc. soared 12.5% Thursday, after the maker of Invisalign dental braces topped profit estimates for the third quarter and offered upbeat guidance. San Jose, Calif.-based Align said it had net profit of $102.5 million, or $1.28 a share, in the quarter, down from $147.1 million, or $1.83 a share, in the year-earlier period. Revenue rose 20.2% to $607.3 million from $505.3 million a year ago. The FactSet consensus was for EPS of $1.14 and revenue of $594 million. The company said scanner and services revenue rose 16.5% to $91.1 million. Invisalign cases for teens and kids rose 31.5% to $129.6 thousand cases. Chief Executive Joe Hogan said earnings growth was driven by gains in Asia Pacific and Latin America, as well as improving trends in the North American orthodontic channel. The company said it now expects fourth-quarter revenue to range from $640 million to $650 million, compared with a FactSet consensus of $639.5 million before the numbers were released. It expects EPS of $1.35 to $1.42, compared with a FactSet consensus of $1.35. Leerink analysts said the beat reflected a growth rebound in China, improving average selling prices and roughly 20% sales growth, reinforcing their views that the company "remains a unique-in-healthcare (and mispriced) growth asset," and bolsters confidence that it can sustain at least a 20%/22% 2019-21 estimated revenue to EPS compound annual growth rate, as it penetrates an underpenetrated (<10%) worldwide $12 billion clear aligner market. Management said there was no fundamental change in the quarter on the traditional clear aligner and direct-to-consumer competition front with SmileDirectClub . Shares have gained 16.6% in 2019, outperforming the S&P 500s 20% gain.
Align Technology (ALGN) delivered earnings and revenue surprises of 12.28% and 2.51%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Encouraging growth in the emerging markets despite the ongoing trade tiff is likely to contribute to revenues in the medical products space this earnings season.
Today we'll evaluate Align Technology, Inc. (NASDAQ:ALGN) to determine whether it could have potential as an...
Align Technology (ALGN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Align Technology (ALGN) is continuing with its winning streak of delivering a sturdy Invisalign Technology volume expansion across the company's entire customer base.
Bluemercury co-founder and entrepreneur Barry Beck has raised nearly $10.3 million for a new venture, Cloudline Technologies Inc., according to a new federal regulatory filing — a business that has described itself on social media as focused on dental services and health. The raise appears to have come in part from Chevy Chase venture capital giant New Enterprise Associates, with Partner Dayna Grayson listed as a director on the Securities and Exchange Commission document, filed Sept. 27. Dan Brashear, former senior vice president of corporate development at Bluemercury, is also listed as a Cloudline executive on the SEC filing.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at Align...