Align Technology Announces Record First Quarter 2021 Financial Results
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Align Technology (ALGN) PT Raised to $715 at Jefferies
April 29, 2021 8:41 AM EDTJefferies analyst Brandon Couillard raised the price target on Align Technology (NASDAQ: ALGN) to $715.00 (from $630.00) while maintaining a Buy rating.
The analyst commented, "ALGN's momentum continues to impress as it delivered another outsized 1Q rev beat(+9% vs cons) with strong margin leverage that... More
Align Technology (ALGN) Tops Q1 EPS by 47c, Revenues Beat; Offers FY21 Revenue Guidance Above Consensus
April 28, 2021 4:02 PM EDTAlign Technology (NASDAQ: ALGN) reported Q1 EPS of $2.49, $0.47 better than the analyst estimate of $2.02. Revenue for the quarter came in at $894.8 million versus the consensus estimate of $818.16 million.
Q1 total revenues up 7.2% sequentially and 62.4% year-over-year to a record $894.8 millionQ1 diluted net income per share of $2.51; Q1 non-GAAP diluted net income per share of $2.49Q1 operating income up 222.4% year-over-year to $225.4 million and operating margin of 25.2%Q1 Clear Aligner revenues up 7.5% sequentially and 56.4% year-over-year to a record $753.3 millionQ1 Clear Aligner volume up 4.9% sequentially and 65.8% year-over-year to 595.8 thousand casesQ1 Clear Aligner... More