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Press Release

Research Reports Initiation on Medical Equipment Stocks -- Globus Medical, Align Technology, ZELTIQ Aesthetics, and Accuray

Chelmsford Park SA
Posted on: 01 Nov 16

PR Newswire

NEW YORK, November 1, 2016

NEW YORK, November 1, 2016 /PRNewswire/ --

Ahead of today's trading session, takes notice of these Medical Appliances and Equipment equities: Globus Medical Inc. (NYSE: GMED), Align Technology Inc. (NASDAQ: ALGN), ZELTIQ Aesthetics Inc. (NASDAQ: ZLTQ), and Accuray Inc. (NASDAQ: ARAY). These companies are part of the Healthcare sector which fell for the seventh time in eight sessions on Monday, October 31, 2016, with the NYSE Health Care Index dropping 0.3%, and shares of health care companies in the S&P 500 declining about 0.5% as a group. Learn more about these stocks by downloading their free report at:

Globus Medical  

Audubon, Pennsylvania headquartered Globus Medical Inc.'s stock finished Monday's session 0.94% lower at $22.13. A total volume of 805,986 shares was traded, which was above their three months average volume of 630,040 shares. The Company's shares are trading below their 50-day moving average by 3.17%. Furthermore, shares of Globus Medical, which focuses on the design, development, and commercialization of musculoskeletal implants that promote healing in patients with spine disorders, have a Relative Strength Index (RSI) of 41.37.

On October 25th, 2016, Globus Medical announced the introduction of the INDEPENDENCE MIS™ System, an integrated ALIF plate-spacer system designed to simplify implantation and fixation of a commonly challenging procedure. The INDEPENDENCE MIS™ system features advanced instruments that deploy three pre-loaded anchors through a small protected corridor no larger than the implant itself.  INDEPENDENCE MIS™ streamlines the anterior procedure into three simple steps: inserting the implant, deploying the anchors, and locking the anchors. The free research report on GMED is available at:

Align Technology  

On Monday, shares in San Jose, California headquartered Align Technology Inc. ended the session at $85.92, up 0.88%. The stock recorded a trading volume of 1.38 million shares, which was above its three months average volume of 764,520 shares. The Company's shares have gained 30.48% since the start of this year. The stock is trading 8.10% above its 200-day moving average. Moreover, shares of Align Technology, which designs, manufactures, and markets a system of clear aligner therapy, intra-oral scanners, and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services for use in dentistry, orthodontics, and dental records storage in the US and internationally, have an RSI of 36.93.

On October 03rd, 2016, research firm Robert W. Baird downgraded the Company's stock rating from 'Outperform' to 'Neutral', issuing a target price of $96 per share.

On October 11th, 2016, Align Technology announced that one-week aligner wear is now recommended for all Invisalign Full, Teen, and Assist products, instead of two-week aligner wear for each stage of Invisalign treatment. Continued Invisalign product innovation including "G-Series" features, SmartTrack aligner material, and clinically proven treatment predictability, allow the company to recommend one-week wear. Align's recommendation is also based on clinical analysis of more than 200 in-progress Invisalign cases, the experiences of numerous Invisalign providers, as well as the unanimous endorsement of its North American Clinical Advisory Board for the use of one-week aligner wear. The complimentary report on ALGN can be downloaded at:

ZELTIQ Aesthetics  

Pleasanton, California headquartered ZELTIQ Aesthetics Inc.'s stock ended yesterday's session 0.33% lower at $33.10 with a total trading volume of 592,240 shares. The Company's shares have advanced 16.02% on an YTD basis. The stock is trading 9.36% above its 200-day moving average. Additionally, shares of ZELTIQ Aesthetics, which engages in developing and commercializing non-invasive products for the selective reduction of fat, have an RSI of 24.08.

On October 19th, 2016, ZELTIQ® announced that it plans to release its Q3 2016 financial results on November 9th, 2016 after the market close. The company will hold a conference call on November 9th, 2016 at 4:30 p.m. ET to discuss the results. Visit us today and download our complete research report on ZLTQ for free at:


At the close on Monday, shares in Sunnyvale, California headquartered Accuray Inc. recorded a trading volume of 810,930 shares, which was above their three months average volume of 647,170 shares. The stock finished 2.00% lower at $4.90. The Company's shares are trading below their 200-day moving average by 10.46%. Furthermore, shares of Accuray, which designs, develops, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the body, have an RSI of 34.59.

On October 27th, 2016, Accuray reported that gross product orders totaled $50.3 million for Q1 FY17 compared to $64.9 million for Q1 FY16. Total revenue for Q1 FY17 was $86.5 million compared to $89.6 million in Q1 FY16. Total gross profit for Q1 FY17 was $31.3 million, or 36% of sales. Net loss was $9.9 million, or $0.12 per share, for Q1 FY17 compared to a net loss of $13.0 million, or $0.16 per share, for Q1 FY16. Get free access to your technical report on ARAY at:


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SOURCE Chelmsford Park SA

PR Newswire

Last updated on: 01/11/2016

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