Tag: Align

Is Align Technology a Stock Warren Buffett Would Love?

Warren Buffett knows a thing or two about picking the best companies to invest in, and dental braces sound like they’re right up his alley. After all, as long as people laugh, they’ll want to have a perfect smile. And it’s not like there’s going to be any major disruption to the orthodontics industry, right?

Enter Align Technology (NASDAQ:ALGN), the company that is looking to replace uncomfortable dental braces with its Invisalign teeth straighteners. Over the last 20 years, Align has sold its straighteners to both kids and adults, making incremental improvements to its core technology along the way

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Better Buy: Align Technology vs. Intuitive Surgical

Surgeons have a reputation for using the hottest new tools and techniques. Dentists, not so much. But don’t let these stereotypes trick you into thinking that sophisticated surgical tools will make more money than a fresh and aesthetically appealing spin on dental braces.

Intuitive Surgical (NASDAQ:ISRG) and Align Technology (NASDAQ:ALGN) are on the cutting edge of their respective fields. Intuitive’s robotic surgery suites are becoming more common — and more advanced — with each passing year. Align’s tooth-straightening devices are experiencing similarly enthusiastic adoption. Given the toll of the coronavirus pandemic, however, these two companies are facing significantly different growth

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Tesla, Align Technology Help Nasdaq Investors Smile

Thanksgiving in 2020 promises to be much different from the way it was in most years, but at least on Wall Street, the holiday mood seems to be working just as well as ever. The stock market came out of the weekend ready to move higher on Monday, and despite some bumps along the road during the day, the Nasdaq Composite (NASDAQINDEX:^IXIC) was up by about a fifth of a percent just minutes before the close.

Some strong trends continued to grip the Nasdaq, helping to support its move higher. Align Technology (NASDAQ:ALGN) made a big pitch to its investors,

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Why Align Technology Stock Is Skyrocketing Today

What happened

Shares of Align Technology (NASDAQ:ALGN) were skyrocketing 32.9% higher as of 10:09 a.m. EDT on Thursday. The huge jump came after the orthodontic-device maker announced stellar third-quarter results after the market closed on Wednesday.

So what

Align didn’t merely beat analysts’ estimates in Q3; it absolutely crushed them. Wall Street expected the company to post revenue of around $514 million. Align generated revenue of $734.1 million in Q3. Analysts looked for adjusted earnings of $0.54 per share. Align more than quadrupled that projection with adjusted earnings of $2.25 per share.

Smiling female patient holding a clear aligner in a dentist's chair

Image source: Getty Images.

How did Align deliver

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Align Soars as Analysts Rave About Third-Quarter Earnings

Align Technology  (ALGN) – Get Report was getting rave reviews from analysts Thursday after the maker of Invisalign teeth straighteners beat Wall Street’s third-quarter earnings expectations. 

Shares of the San Jose-based medical device company were surging 34.8% to $453.

Evercore ISI analyst Elizabeth Anderson wrote in an investors’ note that Align Technology “knocked it out of the ballpark” in the quarter.

“Align’s results show continued dental recovery in the U.S.,” Anderson said. “Strong top-line revenue beat, plus much higher-than-expected aligner revenue bodes well for the global recovery, and third-quarter growth likely benefitted from a strong teen season.”


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