Align Technology introduces exclusive professional whitening system » 16:0909/1609/16/21
Align Technology, iTero…
Align Technology, iTero intraoral scanners and exocad CAD/CAM software for digital orthodontics and restorative dentistry, announced an exclusive supply and distribution agreement with Ultradent Products, a developer and manufacturer of high-tech dental materials, devices, and instruments worldwide. As part of the multi-year agreement, Align will offer Invisalign trained doctors an exclusive professional whitening system with the Opalescence PF whitening formula from Ultradent, optimized for use with Invisalign clear aligners and Vivera retainers. The system will carry the co-branded name of 'Invisalign Professional Whitening System - powered by Opalescence' and will offer whitening outcomes and practice experience from the Opalescence PF product during active tooth movement with Invisalign aligners, as well as during passive retention using Vivera retainers. The Invisalign Professional Whitening System will be commercially available globally in 2022.
|Over a week ago|
Stifel ups Patterson Companies target to $32 following quarterly results » 14:4509/0209/02/21
PDCO, ALGN, NVST
Stifel analyst Jonathan…
Stifel analyst Jonathan Block raised the firm's price target on Patterson Companies (PDCO) to $32 from $30 and keeps a Hold rating on the shares. The analyst notes Patterson reported "relatively solid" Q1 results with top and bottom-line upside and a modest raise to full year 2022 guidance. While Block acknowledges that the quarter was "solid," he points out that his estimates remain largely unchanged and he continues to prefer other areas within the dental industry as Align Technology (ALGN) and Envista (NVST) remain his #1 and #2 picks in the industry, respectively.
Medicare might cover dental care as part of large budget bill, NY Times reports » 09:4908/3008/30/21
SDC, HSIC, NVST, PDCO, XRAY, ALGN
Tens of millions of older…
Tens of millions of older Americans who cannot afford dental care - with severe consequences for their overall health, what they eat and even when they smile - may soon get help as Democrats maneuver to add dental benefits to Medicare for the first time in its history, The New York Times' Margot Sanger-Katz reports. The proposal, part of the large budget bill moving through Congress, would be among the largest changes to Medicare since its creation in 1965 but would require overcoming resistance from dentists themselves, who are worried that it would pay them too little, the author notes. Publicly traded companies in the space include Align (ALGN), SmileDirectClub (SDC), Henry Schein (HSIC), Envista (NVST), Patterson Companies (PDCO) and Dentsply Sirona (XRAY). Reference Link
|Over a month ago|
Early notable gainers among liquid option names on August 12th » 09:5508/1208/12/21
OGN, COO, NLOK, ALGN, FTNT
Notable gainers among…
Notable gainers among liquid option names this morning include Organon and Co (OGN) $31.98 +2.06, Cooper Companies (COO) $425.61 +17.41, NortonLifeLock (NLOK) $26.70 +0.43, Align Technology (ALGN) $699.67 +11.34, and Fortinet (FTNT) $303.36 +4.71.
SmileDirectClub price target lowered to $4 from $7 at Goldman Sachs » 07:0708/1008/10/21
SDC, ALGN, XRAY, NVST
Goldman Sachs analyst…
Goldman Sachs analyst Nathan Rich lowered the firm's price target on SmileDirectClub (SDC) to $4 from $7 and keeps a Sell rating on the shares after the company reported Q2 revenue and adjusted EBITDA that fell short of the firm's view and consensus while also providing FY21 revenue guidance that was 7% below consensus at the midpoint of the range. The weakness - which "stands in contrast to peers" given that Align Technology (ALGN), Dentsply Sirona (XRAY) and Envista (NVST) all reported strong Q2 results for their clear aligner businesses - suggests "the competitive environment may be a factor," argues Rich.
Fly Insider: Kemper, Align among week's notable insider trades » 15:0908/0908/09/21
KMPR, DD, NICK, EQT, ALGN, BSX, CWST, CMG
Welcome to "Fly Insider,"…
Align Technology assumed with an Outperform at Credit Suisse » 07:1508/0508/05/21
Credit Suisse analyst Vik…
Credit Suisse analyst Vik Chopra assumed coverage of Align Technology with an Outperform rating and $732 price target. The analyst made no changes to the firm's rating, target price or estimates at this time.
Align Technology announces $75M accelerated stock repurchase program » 08:3208/0208/02/21
Align Technology announced that it has entered into a new accelerated stock repurchase agreement with Goldman Sachs & Co LLC, to repurchase $75 million of Align's common stock under Align's $1.0 billion stock repurchase program announced on May 13, 2021. Under the terms of the ASR, Align will receive an initial delivery of approximately 86,200 shares. The final number of shares to be repurchased will be based on Align's volume-weighted average stock price during the term of the ASR, less an agreed upon discount. The ASR transaction is expected to be completed by October 26, 2021 and will be funded with Align's cash on hand. As of March 31, 2021, Align had approximately 79.1 million shares outstanding and $1.1 billion in cash and cash equivalents.
Early notable gainers among liquid option names on July 29th » 09:5507/2907/29/21
CTSH, ALGN, CBRE, F, QCOM
Notable gainers among…
Notable gainers among liquid option names this morning include Cognizant (CTSH) $74.03 +4.22, Align Technology (ALGN) $659.02 +36.48, CBRE Group (CBRE) $95.48 +4.49, Ford (F) $14.54 +0.68, and Qualcomm (QCOM) $149.17 +6.79.
Align Technology price target raised to $732 from $715 at Credit Suisse » 08:3307/2907/29/21
Credit Suisse analyst…
Credit Suisse analyst Erin Wilson Wright raised the firm's price target on Align Technology to $732 from $715 and keeps an Outperform rating on the shares. The analyst notes Align's Q2 adjusted EPS exceeded her forecast on better revenue and profitability. Importantly, Align raised its 2021 guidance, calling for net revenue of $3.85B-$3.95B, implying a stronger-than-expected second quarter trend, as well as a non-GAAP operating margin of about 27%-28%, she adds.