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Align (ALGN) Rides on Volume Expansion Despite Cost Concerns
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On Jan 31, we issued an updated research report on Align Technology, Inc. (ALGN - Free Report) . The company is riding on strong product development and a consistent focus on international markets. However, the current economic unrest persists to cast a negative impact on Align Technology’s dental procedures. The stock carries a Zacks Rank #3 (Hold).
Shares of the company have outperformed its industry over the past six months. The stock has gained 30% against the industry's 5.4% fall.
Align Technology reported better-than-expected results for fourth-quarter 2019 with both earnings and revenues beating the Zacks Consensus Estimate. We are upbeat about the continued momentum in Invisalign volumes across all geographies. The sustained expansion of Invisalign customer base, particularly in teenage patient markets, buoys optimism.
Strong revenue growth in iTero scanners and services is also encouraging. The recently-inked distribution deal with Zimmer Biomet is impressive as well. The launch of the iTero Element 5D Imaging System is a crucial development. A bullish first-quarter 2020 guidance is indicative of the consistency level in overall strong growth momentum.
In terms of portfolio enhancement, right at the outset of the fourth quarter in North America, the company unveiled the Invisalign Moderate package, a 20-stage treatment solution designed for consumers whose treatment goals fall between the existing Invisalign Lite and Invisalign comprehensive packages and can be completed within a period of five months to a year.
The company also introduced SmileView, an online tool created to help potential Invisalign patients visualize a straighter smile before starting with Invisalign treatment. Strong growth in Invisalign Go systems across all geographies continued with GP dentists and a boost from Invisalign Moderate.
On the flip side, operating costs flared up in the fourth quarter. We are also bothered about the current economic uncertainty affecting Align Technology’s dental procedures. The competitive landscape is an overhang too.
Perrigo Companyhas a projected long-term earnings growth rate of 2%.
Hill-Rom’s long-term earnings growth rate is estimated at 11.1%.
Myomo’s long-term earnings growth rate is estimated at 25%.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
Image: Bigstock
Align (ALGN) Rides on Volume Expansion Despite Cost Concerns
On Jan 31, we issued an updated research report on Align Technology, Inc. (ALGN - Free Report) . The company is riding on strong product development and a consistent focus on international markets. However, the current economic unrest persists to cast a negative impact on Align Technology’s dental procedures. The stock carries a Zacks Rank #3 (Hold).
Shares of the company have outperformed its industry over the past six months. The stock has gained 30% against the industry's 5.4% fall.
Align Technology reported better-than-expected results for fourth-quarter 2019 with both earnings and revenues beating the Zacks Consensus Estimate. We are upbeat about the continued momentum in Invisalign volumes across all geographies. The sustained expansion of Invisalign customer base, particularly in teenage patient markets, buoys optimism.
Align Technology, Inc. Price
Align Technology, Inc. price | Align Technology, Inc. Quote
Strong revenue growth in iTero scanners and services is also encouraging. The recently-inked distribution deal with Zimmer Biomet is impressive as well. The launch of the iTero Element 5D Imaging System is a crucial development. A bullish first-quarter 2020 guidance is indicative of the consistency level in overall strong growth momentum.
In terms of portfolio enhancement, right at the outset of the fourth quarter in North America, the company unveiled the Invisalign Moderate package, a 20-stage treatment solution designed for consumers whose treatment goals fall between the existing Invisalign Lite and Invisalign comprehensive packages and can be completed within a period of five months to a year.
The company also introduced SmileView, an online tool created to help potential Invisalign patients visualize a straighter smile before starting with Invisalign treatment. Strong growth in Invisalign Go systems across all geographies continued with GP dentists and a boost from Invisalign Moderate.
On the flip side, operating costs flared up in the fourth quarter. We are also bothered about the current economic uncertainty affecting Align Technology’s dental procedures. The competitive landscape is an overhang too.
Key Picks
Some better-ranked stocks from the broader medical space are Perrigo Company plc (PRGO - Free Report) , Hill-Rom Holdings, Inc. and Myomo, Inc. (MYO - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Perrigo Companyhas a projected long-term earnings growth rate of 2%.
Hill-Rom’s long-term earnings growth rate is estimated at 11.1%.
Myomo’s long-term earnings growth rate is estimated at 25%.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
See 5 Stocks Set to Double>>