Posts for Ticker ‘ALGN’

Top Day Trader Alerts (RIGL, MSFT, SPWR, ALGN, AMZN, JNPR, ERIC, SEPR)

The following are some of the top stocks to watch for active trading today based on pre-market and after-hours volume activity. There are links through to more detailed coverage and volume analysis at VSInvestor.com:

Rigel Pharmaceutical Inc. (Nasdaq: RIGL) shares are down sharply after its rheumatoid arthritis candidate missed its efficacy endpoint in a trial.

Microsoft Corp. (Nasdaq: MSFT) are the most active in the premarket, after it reported  lower-than-expected revenue that fell 17.3% from the same period last year.

SunPower Corp. (Nasdaq: SPWR) shares are among the biggest premarket gainers after the company posted a 10-cent a shre earnings beat, and gave upside guidance.

Align Technology Inc. (Nasdaq: ALGN) shares also are on the rise, after an earnings beat.

Amazon.com Inc. (Nasdaq: AMZN) shares are down nearly 6 percent as one of the most active decliners, after it reported in-line EPS.

Juniper Networks Inc. (Nasdaq: JNPR) shares are down on strong premarket volume despite better-than-expected earnings results, as gross margins were disappointing.

LM Ericsson Telephone Co. (Nasdaq: ERIC) shares are down 7 percent after it reported earnings this morning.

Sepracor Inc. (Nasdaq: SEPR) shares are up on strong volume following its earnings and raised fiscal 2009 guidance.

-The 24/7 Wall St. Team

Posted on: July 24, 2009 – 7:49 am in Pre-Market Activity, Trading Alert, , , , , , , ,

Align’s Guidance: Wearing a Retainer in Public (ALGN)

Align_tech_logoAlign Technology Inc. (NASDAQ: ALGN) has just posted some mixed earnings.  Regardless of Wall Street’s and Main Street’s love of Invisalign, the stock is being pounded.  The company reported earnings at $0.06 EPS on a 4.3% revenue rise to $79.9 million.  First Call had estimates of $0.05 EPS on $79.7 million in revenues.  The problem is guidance. 

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Posted on: July 29, 2008 – 4:09 pm in Earnings, Earnings Warning, Medical,

Align Technology Crooked Teeth (ALGN)

Align Technology Inc. (NASDAQ:ALGN) is getting crushed in after-hours trading.  The company posted earnings and announced it was losing a key officer.

Total revenues for the third quarter were $71.5 million, a year-over-year increase of 46% compared to $49.0 million in the third quarter of 2006 (Q3 06) and a decrease of 7% in a seasonally slower quarte. As disclosed previously, Q2 07 revenues of $76.6 million included $5.2 million in backlog shipments caused by the allocation of capacity to the Patients First Program during prior quarters.  Non-GAAP net profit for Q3 07 was $12.6 million or $0.17 per diluted share.  Estimates were $71.38 million in revenues and $0.08 EPS.

CFO Eldon Bullington is retiring. He is only 55 years old according to the last data, which may be deemed a bit young for retiring.  Who knows, maybe that’s really the case since this has run up exponentially since he became CFO in 2002.  He will be succeeded by Kenneth B. Arola, Align’s vice president of finance and corporate controller since 2005.

Align had $110.0 million in cash, cash equivalents, marketable securities and restricted cash, compared to $64.1 million as of December 31, 2006.  Here is the guidance:

  • For the fourth quarter 2007, Align Technology expects revenues of $69.5 to $72.2 million and Non-GAAP EPS in a range of $0.11 to $0.13.  Unfortunately, estimates are $73.99 in revenues and $0.11 EPS.

Jim Cramer was just discussing this one positively last week, so it will be interesting to hear if he thinks this is a buying opportunity or if it was the wrong call.  Align shares were up 0.7% today ahead of earnings, but shares are now down over 20% at $22.50.  Its 52-week trading range is $12.55 to $29.71.

Jon C. Ogg
October 24, 2007

Posted on: October 24, 2007 – 4:22 pm in Earnings Warning, Management Change, Medical,

Cramer’s ‘Improving People’ Picks (ALGN, SNCI)

On tonight’s MAD MONEY on CNBC, Jim Cramer reviewed a couple stocks on what is basically a "bionic you."  Obviously that’s a stretch but these are stocks that are medical or quasi medical products companies that he thinks benefit customers and can benefit investors. 

His first pick was Align Tech (NASDAQ:ALGN), which makes the Invisilign clear teeth straightening device.  This one he discussed with his dentist who noted how it was the best in class.  Shares closed up 1.45% at $27.16 in normal trading, and shares are up 4.9% at $28.50 in after hours trading.  Its 52-week trading range is $12.55 to $29.71 and its market cap is $1.85 Billion.

His second pick was Sonic innovations (NASDAQ:SNCI) thathas a mere $260 million market cap.  Shares closed down 2% at $10.50 in regular trading, but shares rose 7.5% to $10.50 after the Cramer feature.  Cramer likes the digital hearing aids that the company makes.  If these prices hold this will mark 52-week highs above the old $10.29 level.

Many investors clean up on these, but these stocks often trade on different metrics than beating earnings and even than on raised guidance.  Sometimes new competition you never even know about as a threat keeps pressure on these sort of stocks and sometimes far worse than that happens.  Speaking of the "bionic you" or "parts replacements" this sort of reminds me about a joke with a baby elephant and a dinner roll, although that’s a different story.

Jon C. Ogg
October 16, 2007

Posted on: October 16, 2007 – 6:16 pm in Cramer, Medical, ,