ALGN Stock Recent News

Investors are optimistic about Align Technology (ALGN) on continued geographic expansion.

Investors interested in Medical - Dental Supplies stocks are likely familiar with Merit Medical (MMSI) and Align Technology (ALGN). But which of these two stocks presents investors with the better value opportunity right now?

Align Technology outperformed expectations in its most recent quarter and expects ongoing growth in the coming year. The stock is up about 50% in three months, which may be motivation for some to sell.

Align Technology (ALGN) surpasses revenue and earnings estimates in the fourth quarter of fiscal 2023.

Align Technology, Inc. (ALGN) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Align Technology (ALGN) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Align Technology forecast first-quarter revenue above Wall Street estimates on Wednesday, aided by increased demand for its clear teeth aligners, sending its shares up 10% in extended trading.

Shares of Align Technology Inc. ALGN, +0.97% jumped 14.1% after hours on Wednesday after the company, best known for its Invisalign teeth-alignment system, forecast first-quarter and full-year sales that were above expectations. Align said it expected first-quarter sales of $960 million to $980 million, above the FactSet consensus forecast for $947 million.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Align Technology (ALGN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

Foreign exchange continues to be a major headwind for Align (ALGN) due to a considerable percentage of its revenues coming from outside the United States.