Key Developments: Align Technology Inc (ALGN.OQ)

ALGN.OQ on NASDAQ Stock Exchange Global Select Market

55.54USD
30 Jul 2014
Price Change (% chg)

$0.82 (+1.50%)
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Latest Key Developments (Source: Significant Developments)

Align Technology Inc gives Q3 2014 guidance in line with analysts' estimates
Thursday, 24 Jul 2014 04:04pm EDT 

Align Technology Inc:Expects Q3 2014 net revenues in a range of $186.3 million to $190.2 million.Expects Q3 2014 EPS in a range of $0.41 to $0.44.Q3 2014 revenue of $188.3 million and EPS of $0.44 - Thomson Reuters I/B/E/S.  Full Article

Align Technology Inc gives Q2 2014 outlook, revenue outlook below analysts' estimates
Wednesday, 23 Apr 2014 04:00pm EDT 

Align Technology Inc:Sees Q2 2014 net revenues in a range of $181.7 to $186.5 million, which reflects a year-over-year increase of 10.9 to 13.8 pct.EPS in a range of $0.36 to $0.39.Q2 2014 revenue of $189.4 million and EPS of $0.37 - Thomson Reuters I/B/E/S.  Full Article

Align Technology announces $300 mln stock repurchase program
Wednesday, 23 Apr 2014 04:00pm EDT 

Align Technology Inc:Authorized a plan to repurchase up to $300 million of the company's stock over the next three years, with $100 million of that amount authorized and anticipated to be purchased over the next twelve months.Says plan is effective immediately.  Full Article

Align Technology Inc gives Q1 2014 mixed guidance
Thursday, 30 Jan 2014 04:00pm EST 

Align Technology Inc:Expects Q1 2014 net revenues in a range of $175.2 million to $179.6 million.Expects Q1 2014 EPS in a range of $0.32 to $0.34.Q1 2014 revenue of $174.8 million and EPS of $0.37 - Thomson Reuters I/B/E/S.  Full Article

Align Technology Inc Issues Q4 2013 Guidance Above Analysts' Estimates
Thursday, 17 Oct 2013 04:00pm EDT 

Align Technology Inc announced that for the fourth quarter of 2013, it expects net revenues in a range of $169.1 million to $173.1 million and earnings per diluted share (EPS) in a range of $0.41 to $0.43. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $164.3 million ad EPS of $0.36 for the fourth quarter of 2013.  Full Article

Align Technology Inc Announces Enforcement of Permanent Injunctions Against Ortho Caps and Rasteder KFO for Patent Infringement
Monday, 26 Aug 2013 11:11pm EDT 

Align Technology Inc announced the enforcement of permanent injunctions granted by a patent chamber of the District Court of Dusseldorf in the Federal Republic of Germany against Hamm-based Ortho Caps GmbH and Rastede-based Rasteder KFO Spezial-Labor GmbH. The District Court's decision was previously announced by Align on July 18, 2013. In December 2011, Align filed separate patent infringement lawsuits against both Ortho Caps and Rasteder KFO asserting they both infringe Align patents by making, offering to sell, and selling their respective clear aligner therapy systems in Germany. The permanent injunctions are based on the Duesseldorf Court's finding that Ortho Caps and Rasteder KFO separately infringe the German parts of European Patents EP 2 263 599, EP 2 263 598, and EP 1 369 091, and that Ortho Caps also infringes the German parts of European Patent EP 1 143 872. European Patents EP 2 263 599 and EP 2 263 598 cover the broad methods of digital treatment planning and manufacturing of aligners, while European Patent EP 1 143 872 covers the physical template for applying attachments. With regard to European Patent EP 1 269 091, which covers the providing of aligners in a single package, the Duesseldorf Court limited its finding of infringement to instances where a set of all aligners manufactured pursuant to a treatment plan are received by the dentist or orthodontist in a single package.  Full Article

The Shuman Law Firm Investigates Align Technology Inc
Tuesday, 6 Aug 2013 05:12pm EDT 

The Shuman Law Firm announced that it is investigating potential claims against certain officers and directors of Align Technology, Inc. (Align or the Company). The firm`s investigation concerns the Company`s October 17, 2012 announcement that it would take a substantial impairment charge relating to its March 29, 2011 acquisition of privately held Cadent Holdings, Inc. (Cadent) for approximately $190 million in cash. Approximately two-thirds, or $135.3 million of the total transaction was goodwill, while tangible assets totaled approximately $19.4 million. According to the Company`s press release touting the acquisition, Cadent was a provider of 3D digital scanning solutions, which would provide Align with a dedicated digital scanning platform for delivering Invisalign chair-side applications to dental practitioners and extends Align's presence into restorative dentistry. The October 17, 2012 announcement sent Align`s stock price down more than 20%. Shortly preceding this announcement, Company insiders also sold more than 1.5 million shares of Align stock at allegedly artificially inflated prices to realize proceeds in excess of $52 million.  Full Article

Align Technology Inc Announces Management Changes-Form 8-K
Monday, 5 Aug 2013 06:04am EDT 

Align Technology Inc reported in its Form 8-K that David L. White was appointed as Align's Vice President, Finance and Chief Financial Officer, effective August 5, 2013. On July 29, 2013, Mr. White and Align entered into an employment agreement (the Employment Agreement).  Full Article

Align Technology Inc Provides Update Regarding Patent Case Against Clearcorrect
Friday, 26 Jul 2013 01:53pm EDT 

Align Technology Inc announced that it provided an update regarding the International Trade Commission (ITC) release issued on July 25, 2013 stating that it has decided to review the Administrative Law Judge (ALJ) Rogers' final Initial Determination (ID), which was issued back on May 6, 2013.  Full Article

Align Technology Inc Announces Appointment Of David L. White As Chief Financial Officer-Form 8-K
Thursday, 18 Jul 2013 04:05pm EDT 

Align Technology Inc reported in its Form 8-K that the appointment of David L. White as Align's Chief Financial Officer, effective immediately following the filing of Align's quarterly report on Form 10-Q for the third quarter ended June 30, 2013, which is expected to be on or about August 2, 2013.  Full Article

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