Tag: Analysts

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.”

Align

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Analysts React To GM-Nikola Partnership

Shares of General Motors Company (NYSE: GM) and Nikola Corporation (NASDAQ: NKLA) rallied on Tuesday after GM announced it’s taking a billion stake in the hydrogen fuel cell electric truck maker. As part of the companies’ new partnership, GM will produce Nikola’s first Badger truck model starting before the end of 2022.

GM now has an 11% ownership stake in Nikola and will have the right to nominate one Nikola board member. GM will also supply Nikola’s fuel cells in every market other than Europe, and Nikola will use GM’s Ultium battery platform system.

In an interview on CNBC, GM

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Here’s What Analysts Think Will Happen Next

It’s been a mediocre week for Seagate Technology plc (NASDAQ:STX) shareholders, with the stock dropping 10% to US$44.31 in the week since its latest full-year results. It was not a great result overall. While revenues of US$11b were in line with analyst predictions, earnings were less than expected, missing statutory estimates by 12% to hit US$3.79 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there’s been a strong change in the company’s prospects, or if it’s business as usual. So we gathered the latest post-earnings forecasts

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Micron Technology, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

As you might know, Micron Technology, Inc. (NASDAQ:MU) just kicked off its latest third-quarter results with some very strong numbers. Micron Technology beat earnings, with revenues hitting US$5.4b, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 11%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there’s been a strong change in the company’s prospects, or if it’s business as usual. We’ve gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

View our

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