Align Technology, Inc., known for its dominance in clear aligners despite a 11% market share in braces, has announced its fourth quarter and fiscal 2024 financial results. With an optimistic growth outlook and strategic innovations, Align Technology was highlighted with a buy rating while contending with 6% down due to quarterly misses and Q1 revenue guidance. Q4 results were reportedly aligned with expectations, however, the stock experienced a drop. Future expectations for the company remain high leading to its Q4 and 2024 results. Frank Quinn is set to rejoin as Executive Vice President and Managing Director of the Americas region, providing experience and leadership. Amidst supposed macro issues and decline in ASPs, the company still boasts of strong revenue growth. As Align Technology continues to expand its digital orthodontics empire with the introduction of its revolutionary palatal system in the Turkish market, it maintains a $275 Million open market repurchase. The company's stock price target has rebound potential, according to experts. However, despite topping Q4 earnings estimates, the company's revenues missed the mark, dropping in stock. Steady growth in 2024 financial results was reported and a stock repurchase plan of $275 Million was announced.
Align Technology ALGN News Analytics from Fri, 26 Apr 2024 07:00:00 GMT to Sat, 22 Feb 2025 14:25:51 GMT -
Rating 3
- Innovation 7
- Information 8
- Rumor -3
