Medical Appliances & Equipment

(SIRO) Sirona Dental Systems Introduces CEREC Omnicam

Dental technology leader Sirona Dental Systems, Inc. (SIRO) recently introduced its latest intraoral camera, CEREC Omnicam. This new product is slated to enhance the company’s leading-edge CEREC CAD/CAM systems. CEREC Omnicam...

27Aug2012 | | Comments Off | Continued

(HNSN) Hansen Medical Boosts Intellectual Pproperty Portfolio

Hansen Medical (HNSN), a global developer and manufacturer of intravascular robotics, recently announced the expansion of its intellectual property portfolio on the back of 30 additional patents in the U.S. since January 2011. The...

26Aug2012 | | Comments Off | Continued

(CRY) CryoLife Initiates Dividend

CryoLife, Inc. (CRY), a medical devices company which specializes in preserving and processing tissues, recently announced that its Board has approved the initiation of quarterly cash dividend of 2.5 cents per share. The company foresees...

22Aug2012 | | Comments Off | Continued

(SIRO) Sirona Dental Systems Brings Schick 33 to America

Dental technology leader Sirona Dental Systems, Inc. (SIRO) recently announced the launch of a novel intraoral digital sensor and image management system, the Schick 33. Patterson Dental, a unit of Patterson Companies...

22Aug2012 | | Comments Off | Continued

(ZMH) Zimmer Holdings Posts Mixed Second Quarter – Tightens View

Zimmer Holdings (ZMH) reported earnings per share (“EPS”) of $1.22 in the second quarter of fiscal 2012 compared with $1.06 in the year-ago quarter. After taking into account certain one-time items, adjusted EPS came in at $1.34,...

22Aug2012 | | Comments Off | Continued

(GB) Greatbatch’s Second Quarter Earnings Mixed – Profit Drops

Greatbatch, Inc. (GB) reported second-quarter 2012 adjusted (excluding one-time items) earnings per share of 43 cents, in line with both the Zacks Consensus Estimate and the year-ago adjusted earnings. Profits (as reported) plunged...

22Aug2012 | | Comments Off | Continued

(ISRG) Intuitive Surgical Analyst Remains Neutral on Shares

We maintain our recommendation for Intuitive Surgical (ISRG) at Neutral. Earnings per share for the second quarter of $3.75 easily beat the Zacks Consensus Estimate. Profit grew 31.9% year over year to $154.9 million. Intuitive...

21Aug2012 | | Comments Off | Continued

(ISRG) Intuitive Surgical 2012 Second Quarter Earnings Preview

Intuitive Surgical (ISRG) is scheduled to report its second quarter results on Thursday, July 19, 2012. The current Zacks Consensus Estimate for the second quarter is $3.52, representing an estimated 21.02% annualized growth. First...

21Aug2012 | | Comments Off | Continued

(MDT) Medtronic Meets Earnings Forecasts

Medtronic Inc. (MDT) reported first quarter fiscal 2013 earnings per share of 83 cents, up 8% year over year. After taking into account certain one-time items, the adjusted EPS was 85 cents, also up 8% year over year and in...

21Aug2012 | | Comments Off | Continued

(STJ) St. Jude Medical Beats by a Penny – Trims Outlook

Medical devices major, St. Jude Medical, Inc.’s (STJ) second quarter 2012 adjusted earnings of 88 cents per share beat the Zacks Consensus Estimate by a penny and surpassed the year-ago earnings of 85 cents per share. Earnings were...

13Aug2012 | | Comments Off | Continued

(GB) Greatbatch to Build Research and Development Center

Medical technologies company, Greatbatch Inc. (GB) recently announced that it will set up an Active Implantable Medical Device (“AIMD”) Research and Development (“R&D”) Centre in Singapore. It will be Greatbatch’s first...

23Jul2012 | | Comments Off | Continued

(ALGN) Align Technology Beats The street in Second Quarter

Align Technology (ALGN) reported second quarter 2012 EPS of 34 cents, considerably higher than the year-ago level of 14 cents. Adjusting for certain one-time items, adjusted EPS came in at 34 cents, beating the Zacks Consensus Estimate...

23Jul2012 | | Comments Off | Continued

(MDT) Medtronic Hikes Dividend

Leading medical device player, Medtronic (MDT) announced a 7.2% increase in its cash dividend for fiscal 2013. With this hike, the dividend for the quarter comes to 26 cents per share or $1.04 per share for fiscal 2013, up from 97...

26Jun2012 | | Comments Off | Continued

(EW) Company News for June 15, 2012 – Corporate Summary

•    Edwards Lifesciences Corp. (NYSE:EW) gained 7% after the FDA  approved the company’s Sapien heart valve as for a wider section of patients •    International Game Technology (NYSE:IGT)...

16Jun2012 | | Comments Off | Continued

(CYBX) Company News for June 7, 2012 – Corporate Summary

Shares of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) gained 8.4%, a day after it posted first quarter earnings per share of $0.54, surpassing the Zacks Consensus Estimate of $0.53 by a penny Brown-Forman Corporation...

7Jun2012 | | Comments Off | Continued

(MDT) Medtronic Posts Mixed Numbers

Medtronic Inc. (MDT) reported fourth quarter fiscal 2012 earnings per share (EPS) of 94 cents, up 31% year over year. However, adjusted EPS during the quarter came in at 99 cents, 10% above the year-ago period...

28May2012 | | Comments Off | Continued

(ALGN) Align Technology Posts Solid First Quarter Earnings

Align Technology (ALGN) reported first quarter 2012 EPS of 26 cents, which was 30% higher than the year-ago level. Adjusting for certain one-time items, the adjusted EPS came in at 27 cents, beating the Zacks Consensus Estimate of...

28Apr2012 | | Comments Off | Continued

(STJ) St. Jude Medical Build on Alliance with Abbott Laboratories

St. Jude Medical Inc. (STJ) recently disclosed its decision to build on its mutual agreement with Abbott Laboratories (ABT) by revealing the long-term Choice Alliance...

28Apr2012 | | Comments Off | Continued

(ISRG) Intuitive Surgical Incorporated – Bull of the Day

We upgrade our rating for Intuitive Surgical, Inc. (ISRG) to Outperform. First quarter earnings per share of $3.50 beat the Zacks Consensus Estimate. Gynecology and prostatectomy procedures did well in 2011, as did certain emerging...

26Apr2012 | | Comments Off | Continued

(STJ) St. Jude Beats The Street – Raises Guidance

St. Jude Medical, Inc. (STJ), a large-cap medical devices and technology development company, reported first quarter fiscal 2012 adjusted earnings of 86 cents beating the Zacks Consensus Estimate of 83 cents per share and surpassing...

20Apr2012 | | Comments Off | Continued

(MDT) MedTech Industry Stock Outlook – March 2012 – Zacks Analyst Interviews

Last year proved to be challenging for medical technology (“MedTech”) stocks given the exigent economic conditions and the precarious healthcare environment. The performance of incumbent players was hamstrung by several macro issues, including sustained price and procedure volume pressures. The...

19Mar2012 | | Comments Off | Continued

(MDT) MedTech Industry Stock Outlook – March 2012 – Industry Outlook

Last year proved to be challenging for medical technology (“MedTech”) stocks given the exigent economic conditions and the precarious healthcare environment. The performance of incumbent players was hamstrung by several macro issues, including sustained price and procedure volume pressures. The...

8Mar2012 | | Comments Off | Continued

(GB) Greatbatch Buying NeuroNexus

Medical technology company Greatbatch (GB) is acquiring Michigan-based implantable medical device design firm NeuroNexus Technologies for roughly $12 million. The deal includes assumption of debt and future considerations (undisclosed). NeuroNexus,...

23Feb2012 | | 0 comments | Continued

(ZMH) Zimmer Holdings Earnings Scorecard

The announcement of Zimmer Holdings’ (ZMH) fourth quarter and fiscal 2011 results as on January 26, 2012, has led analysts to revise their estimates lower for the first quarter of fiscal 2012. The scenario, however,...

6Feb2012 | | 0 comments | Continued

(STJ) St. Jude Medical Fourth Quarter 2011 Earnings Scorecard

Medical devices major St. Jude Medical’s (STJ) fourth-quarter 2011 adjusted earnings per share of 86 cents beat the Zacks Consensus Estimate by a couple of cents and exceeded the year-ago earnings of 75 cents. Highlights...

6Feb2012 | | 0 comments | Continued

(ISRG) Intuitive Surgical 2011 Fourth Quarter Earnings Scorecard

Intuitive Surgical (ISRG) reported favorable fourth-quarter 2011 results. Earnings per share came in at $3.75, beating the Zacks Consensus Estimate of $3.34 and the year-ago earnings of $3.02. Net income climbed 24.8% year over year...

2Feb2012 | | 0 comments | Continued

(ZOLL) ZOLL Medical Corporation – Bull of the Day

We retain our Outperform recommendation on ZOLL Medical Corp. (ZOLL) following its forecast-topping first quarter results. Revenues and earnings for the quarter beat the Zacks Consensus Estimates, driven by strong sales from the company’s...

27Jan2012 | | 0 comments | Continued

(ISRG) Intuitive Squarely Beats Earnings Expectations

Intuitive Surgical (ISRG) reported fourth quarter and fiscal 2011 earnings per share of $3.75 and $12.32, respectively, beating the Zacks Consensus Estimates of $3.34 and $11.89, respectively, while surpassing the corresponding year-ago...

25Jan2012 | | 0 comments | Continued

(STJ) New Year Bets from MedTech

Picking the right stock is never easy, especially in a difficult and volatile market. There are thousands of stocks to choose from and many investors eventually end up boiling the ocean. The U.S. economy continues to be cramped by a spate of headwinds including a still unstable job market,...

6Jan2012 | | 0 comments | Continued

(STJ) Christmas Gift for the Ailing Heart

Wilson Greatbatch, the self-professed “humble tinkerer” and a trailblazer in medical technology, invented the first implantable cardiac pacemaker in 1958 which kept the rhythm of millions of heartbeats and preserved countless lives across the planet. A couple of decades later, the...

14Dec2011 | | 0 comments | Continued