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Align Technology Inc.

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Over the past one month, Align has been trading above the Medical/Dental-Supplies industry. We are encouraged by the company’s strong Invisalign prospects and growth in North America and international regions. The company also posted better-than-expected earnings and revenues in the last reported first quarter 2017. Going forward, management expects consistent growth in the Asia-Pacific region. Additionally, the company has a strong cash balance to carry out share repurchase programs and in turn provide solid returns to investors. On the flip side, currency movement continues to act as a dampener. Align’s poor gross margin scenario for both clear aligner and scanner in the last reported quarter also remains a woe. Tough competition and macroeconomic headwinds continue to weigh on the stock.

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