Align Technology Stock Price, News & Analysis (NASDAQ:ALGN)

Align Technology trades on the NASDAQ under the ticker symbol "ALGN."

Align Technology, Inc. (NASDAQ:ALGN) posted its quarterly earnings results on Wednesday, July, 24th. The medical equipment provider reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.13 by $0.13. The medical equipment provider earned $600.70 million during the quarter, compared to the consensus estimate of $599.86 million. Align Technology had a net margin of 19.06% and a return on equity of 29.26%. The company's revenue for the quarter was up 22.5% on a year-over-year basis. During the same period last year, the firm earned $1.30 EPS. View Align Technology's Earnings History.

Align Technology is scheduled to release their next quarterly earnings announcement on Wednesday, October 23rd 2019. View Earnings Estimates for Align Technology.

Align Technology will be holding an earnings conference call on Wednesday, October 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Align Technology updated its third quarter earnings guidance on Wednesday, July, 24th. The company provided earnings per share guidance of $1.09-1.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.45. The company issued revenue guidance of $585-600 million, compared to the consensus revenue estimate of $623.83 million.

13 Wall Street analysts have issued 1-year price targets for Align Technology's shares. Their forecasts range from $200.00 to $420.00. On average, they expect Align Technology's stock price to reach $272.60 in the next year. This suggests a possible upside of 30.3% from the stock's current price. View Analyst Price Targets for Align Technology.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Align Technology in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Align Technology.

News stories about ALGN stock have trended very negative recently, InfoTrie reports. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Align Technology earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned news stories about the medical equipment provider a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an effect on the stock's share price in the near future. View News Stories for Align Technology.

Align Technology saw a decrease in short interest in September. As of September 30th, there was short interest totalling 3,910,000 shares, a decrease of 6.7% from the August 30th total of 4,190,000 shares. Based on an average trading volume of 1,410,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 5.4% of the company's stock are sold short. View Align Technology's Current Options Chain.

Some companies that are related to Align Technology include Intuitive Surgical (ISRG), Edwards Lifesciences (EW), Zimmer Biomet (ZBH), COLOPLAST A/S/ADR (CLPBY), Smith & Nephew (SNN), Steris (STE), DEMANT A S/ADR (WILYY), MSA Safety (MSA), Wright Medical Group (WMGI), Avanos Medical (AVNS), Inogen (INGN), Establishment Labs (ESTA), Sientra (SIEN), Invacare (IVC) and RTI Surgical (RTIX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Align Technology investors own include NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Adobe (ADBE), Micron Technology (MU), Paypal (PYPL), Visa (V), salesforce.com (CRM), Mastercard (MA) and Square (SQ).

Align Technology's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Gateway Investment Advisers LLC (0.04%), Gulf International Bank UK Ltd (0.02%), Pacer Advisors Inc. (0.02%), State of Alaska Department of Revenue (0.02%), Sterling Investment Advisors Ltd. (0.01%) and Pennsylvania Trust Co (0.01%). Company insiders that own Align Technology stock include Andrea Lynn Saia, C Raymond Larkin Jr, Christopher C Puco, Emory Wright, Greg J Santora, Jennifer Olson, John Morici, Joseph Lacob, Joseph M Hogan, Julie Tay, Raphael Pascaud, Simon Beard, Sreelakshmi Kolli, Stuart A Hockridge, Thomas M Prescott, Vamsi Mohan Raj Pudipeddi, Warren S Thaler and Yuval Shaked. View Institutional Ownership Trends for Align Technology.

ALGN stock was sold by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, Pennsylvania Trust Co, Wealthfront Advisers LLC, Crossmark Global Holdings Inc., Gulf International Bank UK Ltd and Fulton Bank N.A.. Company insiders that have sold Align Technology company stock in the last year include Andrea Lynn Saia, C Raymond Larkin Jr, Christopher C Puco, Greg J Santora, John Morici, Joseph Lacob, Julie Tay, Raphael Pascaud, Sreelakshmi Kolli, Warren S Thaler and Yuval Shaked. View Insider Buying and Selling for Align Technology.

ALGN stock was purchased by a variety of institutional investors in the last quarter, including Intellectus Partners LLC, Foundations Investment Advisors LLC, Pacer Advisors Inc., SeaCrest Wealth Management LLC, State of Alaska Department of Revenue, YHB Investment Advisors Inc., Sterling Investment Advisors Ltd. and Cim LLC. Company insiders that have bought Align Technology stock in the last two years include Joseph M Hogan and Vamsi Mohan Raj Pudipeddi. View Insider Buying and Selling for Align Technology.

Shares of ALGN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of ALGN stock can currently be purchased for approximately $209.25.

Align Technology has a market capitalization of $16.71 billion and generates $1.97 billion in revenue each year. The medical equipment provider earns $400.23 million in net income (profit) each year or $4.92 on an earnings per share basis. Align Technology employs 11,660 workers across the globe.View Additional Information About Align Technology.

The official website for Align Technology is http://www.aligntech.com/.

Align Technology's mailing address is 2820 ORCHARD PARKWAY, SAN JOSE CA, 95134. The medical equipment provider can be reached via phone at 408-470-1000 or via email at [email protected]