Align Technology, Inc. designs, manufactures, and markets a system of clear aligner therapy, intra-oral scanners, and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services for use in dentistry, orthodontics, and dental records storage in the United States and internationally. The company operates through two segments, Clear Aligner, and Scanners and Services. The Clear Aligner segment offers Invisalign Full, a treatment used for a range of malocclusion; Invisalign Teen treatment that addresses the orthodontic needs of teenage patients, such as compliance indicators, compensation for tooth eruption, and six free single arch replacement aligners; and Invisalign Assist treatment for anterior alignment and aesthetically-oriented cases. It also provides Invisalign Express (10 and 5) and Invisalign Lite/i7 treatments for less complex orthodontic cases, non-comprehensive treatment relapse cases, or straightening prior to restorative or cosmetic treatments; custom clear aligner retainers used to maintain tooth position and correct minor relapse; and SmartTrack, a custom-engineered material that delivers constant force for orthodontic tooth movements.
Reported a good quarter. Beat both on earning and revenues by double digits. I can't find many companies that enjoy double digit growth rates on both the top and bottom line. Gross margin improved 50 basis points (bps) year over year to 76.2%. Similar business as AGN. Worth adding on a trade down to the mid 80s. $76.05 offers the optimal entry point. Stocks that print $80 usually print $100 before retracing.
After 20 straight weeks of upward momentum (as measured by Heiken-Ashi candlesticks), they finally went red. And a mountainous volume of shares exchanged hands today (options expiration)
Align Technology (NASDAQ: ALGN) were crashing by 25.7% as of 11:10 a.m. EDT on Thursday. The plunge came after the orthodontic-device maker announced its second-quarter results following the market close on Wednesday. It's not that Align's Q2 results were bad; the company reported solid revenue and earnings growth. However, it provided disappointing third-quarter earnings guidance because of concerns about uncertainty in China's consumer market. Yahoo Finance
Align Technology shares are trading higher after the company reported Q3 EPS of $2.25, up from $1.48 year over year and better-than-expected Q3 sales results. Oct 22, 2020 6:31a ET
