On Oct 1, we issued an updated research report on Align Technology, Inc. ALGN. The company is riding on strong product development and a consistent focus on international markets. However, the current coronavirus-led economic unrest casts a negative impact on Align Technology’s dental procedures. The stock carries a Zacks Rank #3 (Hold).
Shares of the company have outperformed its industry over the past six months. The stock has surged 115.3% compared with the industry’s 25.1% rise.
Align Technology exited the second quarter of 2020 with better-than-expected revenues. Japan, APAC, Taiwan and South Korea saw successful recovery efforts and performed better than the company’s expectations. APAC’s growth was led by China, Taiwan, Hong Kong and South Korea’s position in the recovery curve. APAC reflected improving trends as practices reopened and got the Invisalign business back on track along with COVID-19 recovery measures implemented by Align Technology in China.
ABERDEEN PROVING GROUND, Md. (Sept. 30, 2020) – Army Futures Command (AFC) is supporting the Army’s efforts to ensure its own technology can operate seamlessly with the technology of its international allied partners on future battlefields out as far as 2035.During a recent virtual network workshop, the Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance and Reconnaissance (C5ISR) Center – a component of AFC’s Combat Capabilities Development Command – along with attendees from across the Army and the U.K. Ministry of Defence, collaborated on their respective science and technology capabilities to find potential areas to build interoperability into their systems from the onset.The workshop series is an effort to refocus the long-term U.S.-U.K. relationship in support of a recent Memorandum of Agreement (MOA) signed between the U.S. Secretary of the Army and the U.K. Minister of Defence. The MOA, which emphasizes increased U.S.-U.K. technical interoperability as well as joint designs for