Align Technology, Inc. (ALGN)
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On Wednesday, Align Technology Inc. (NASDAQ:ALGN) shares declined by more than 5% after Stifel analyst Jonathan Block pointed to a declining sales trend in the company's Invisalign cases. Align manufactures 3D digital scanners and the Invisalign clear aligners used in orthodontics.
Align Technology stock sinks to pace the S&P 500's decliners after Stifel analyst warns of 'soft' quarterly results2021-10-13 14:01
Shares of Align Technology Inc. ALGN, -6.02% slumped 6.1% toward a four-month low in afternoon trading Wednesday, enough to pace the S&P 500's SPX, +0.30% decliners, after Stifel Nicolaus analyst Jonathan Block warned investors that his research suggests volumes deteriorated in recent months. Block's warning comes two weeks before the aesthetic dentistry products company is slated to report third-quarter results, after the Oct. 27 closing bell.
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Align Technology, Inc. (NASDAQ:ALGN) is a global medical device company and manufacturer of clear aligners used in orthodontics.
TEMPE, Ariz., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Align Technology, Inc. (Nasdaq: ALGN), a leading global medical device company that designs, manufactures, and sells the Invisalign system of clear aligners, iTero intraoral scanners, and exocad CAD/CAM software for digital orthodontics and restorative dentistry, announced today that the Company will report third quarter 2021 financial results on Wednesday, October 27, 2021, after the close of market. Financial results will be released at 4:00 p.m. ET (1:00 p.m. PT) and will be available on the Investor Relations section of the Company's website at http://investor.aligntech.com.
Some trends will persist for decades.
Investors continue to be optimistic about Align Technology (ALGN) on robust second-quarter 2021 performance and raised guidance.
Stocks like West Pharmaceutical Services (WST), IDEXX Laboratories (IDXX) and Align Technology (ALGN) make great picks for the long term.