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Fly News Breaks for January 10, 2020
ISRG
Jan 10, 2020 | 05:19 EDT
Piper Sandler analyst Adam Maeder says Intuitive Surgical's initial procedure growth guidance for 2020 of 13%-16% compares to his estimate of 16%. The "conservative" initial outlook is not surprising given Intuitive's track record of conservative initial guidance, which is prudent at this stage of the year, Maeder tells investors in a research note. The analyst points out the company's preliminary Q4 revenue came in above consensus. He reiterates an Overweight rating on the shares with a $633 price target.
News For ISRG From the Last 2 Days
ISRG
Apr 18, 2024 | 17:52 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSMetropolitan... To see the rest of the story go to thefly.com. See Story Here
ISRG
Apr 18, 2024 | 17:00 EDT
Sees FY24 gross profit margin 67%-68%. Sees FY24 operating expense up 11%-15%. Sees FY24 capital expenditures 1B-$1.2B. Sees FY24 tax rate 22%-24%. Says five additional procedures will have reimbursement in Japan by June. Says saw particular strength in the U.S. and the U.K. Comments and guidance taken from Q1 earnings conference call.
ISRG
Apr 18, 2024 | 13:20 EDT
Pre-earnings options volume in Intuitive Surgical is 2.0x normal with calls leading puts 10:9. Implied volatility suggests the market is anticipating a move near 4.9%, or $18.11, after results are released. Median move over the past eight quarters is 5.6%.