Align Technology is a medical device company known primarily for its innovative dental products, including the Invisalign system, which offers a clear alternative to traditional metal braces for orthodontic treatment
The company focuses on transforming patients' smiles through advanced 3D computer modeling and digital scanning technologies, enabling customized treatment plans. In addition to its flagship product, Align Technology also produces a range of other tools and software that enhance dental practice efficiency and patient care, serving both orthodontists and general dentists. By combining cutting-edge technology with a commitment to improving oral health, Align Technology aims to empower patients and revolutionize the field of orthodontics.
Dental technology company Align Technology (NASDAQALGN) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 4% year on year to $995.2 million. On the other hand, next quarter’s revenue guidance of $975 million was less impressive, coming in 5.5% below analysts’ estimates. Its non-GAAP profit of $2.44 per share was in line with analysts’ consensus estimates.
Wall Street rose on Wednesday, with all major equity indices advancing as investors assessed the latest batch of corporate earnings and drew optimism from positive labor market data.
Patient Square Capital agrees to buy Patterson Companies for $4.1 billion. Analysts predict minimal regulatory hurdles and a strong bid unlikely to face competition.
Align Technology Inc.’s third-quarter results did not show much progress towards regaining its old growth momentum, but some small signs of improvement were enough to give shares a recent boost.
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Align Technology shares are trading higher by 3% Friday morning. The company announced a $275 million stock buyback under its $1 billion repurchase program from January 2023.
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