Align Technology (NSDQ:ALGN) today announced that it entered a new accelerated stock repurchase agreement worth up to $200 million. Tempe, Arizona-based Align may repurchase $200 million of common stock under the $1 billion stock repurchase program announced in May last year. CEO Joe Hogan intends to purchase $2 million of Align’s common stock as well. […]
Align Technology
Align Technology settles patent infringement, antitrust suits with 3Shape
Align Technology (Nasdaq: ALGN) has settled its five-year legal dispute with Denmark-based dental scanner and software maker 3Shape. The settlement, announced yesterday, covers 3Shape’s patent infringement claims pending in federal courts in Delaware and eastern Texas. 3Shape also had an antitrust claim pending against Align in Delaware District Court, and both companies had petitions to […]
Align Technology posts Street-beating Q4 on record-breaking revenues
Align Technology (NSDQ:ALGN) shares dipped slightly today despite fourth-quarter results that topped the consensus forecast. The Tempe, Arizona-based dental technology company posted profits of $191 million, or $2.40 per share, on sales of $1.031 billion for the three months ended Dec. 31, 2021, for a 20.1% bottom-line gain on sales growth of 23.6%. Align’s revenue […]
Align Technology sales increase 38% in Q3
Align Technology (NSDQ:ALGN) posted third-quarter results that beat the overall consensus on Wall Street. The Tempe, Arizona-based Invisalign clear dental aligner maker yesterday evening reported profits of $180.9 million, or $2.28 per share, on sales of $1.01 billion for the three months ended September 30, for a bottom-line gain of 29.8% on sales growth of […]
Align Technology skyrockets on Street-beating Q2
Align Technology (NSDQ:ALGN) shares shot up today on second-quarter results that came in ahead of the consensus forecast. ALGN shares were up 9.4% at $680.27 per share in late-afternoon trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was up 0.9%. The Tempe, Ariz.-based company posted […]
Align to repurchase $1B of its common stock
Align Technology (NSDQ:ALGN) announced that its board of directors authorized a new stock repurchase program worth up to $1 billion. Tempe, Ariz.–based Align may purchase up to $1 billion of its common stock over the next three years under the repurchase program, according to a news release. Align said the authorization of the repurchase program […]
Align Technology ticks up in pre-market on Street-beating Q1 results
Align Technology (NSDQ:ALGN) yesterday posted first-quarter results that beat the overall consensus on Wall Street. The Tempe, Ariz.-based company reported profits of $200.4 million, or $2.51 per share, on sales of $894.8 million for the three months ended March 31, for a bottom-line loss of -86.8% on sales growth of 62.4% compared with Q1 2020. Adjusted […]
MedTech 100 roundup: Industry skies to all-time high
The medtech industry hit a slight lull in the early stages of 2021 and, after signs of a rebound, it has soared beyond levels ever before seen. MassDevice‘s MedTech 100 Index had been building up steam in the month of April, rising from 102.16 points at the beginning of March all the way to 109.39 to […]
Analysts are bullish on Align Technology
Analysts are bullish on Align Technology (NSDQ:ALGN) after the company has seemingly prospered despite the COVID-19 pandemic. SVB Leerink senior research analyst Richard Newitter explained in an analysis that Align, a maker of clear teeth aligners, is a “unique-in-healthcare” growth asset with an underpenetrated total available market (TAM). Analysts see the company as a relatively […]
8 medical device companies that beat the COVID-19 pandemic and prospered
Some medical device businesses not only survived the COVID-19 pandemic but actually thrived — with many producing the medtech needed to fight the coronavirus’s spread. Medical Design & Outsourcing recently analyzed financials for 20 of the largest medical device businesses in the world. Not only was revenue only slightly down for the 20 during 2020, but it was […]
How big medtech fared during a year of COVID-19
Despite numerous challenges, the medtech industry showed itself to be fairly recession-proof in 2020, according to a Medical Design & Outsourcing/MassDevice analysis of financials. Annual reports recently released by 20 of the world’s largest medical device companies showed only a slight dip in revenue during 2020 — a year in which medtech held the front lines against […]
