We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Tandem Diabetes (TNDM) Avails Tandem Source in the United States
Read MoreHide Full Article
Tandem Diabetes Care, Inc. (TNDM - Free Report) recently announced the full U.S. launch of its diabetes management platform, Tandem Source. The global data management application targets clinicians and expands the capabilities of the Tandem Diabetes’ t:connect data management application available for customers in the United States.
The innovation enhances clinical data visualization and provides added interface customization for health care providers (HCPs) to manage their patient's care better, whether remotely or in person. The platform is available for all Tandem pump users and their HCPs in the United States, with international availability expected in 2024.
News in Detail
Tandem Source is designed to integrate the features of Tandem’s legacy t:connect, t:connect HCP and t:connect Portal offerings with new comprehensive data reporting in one central, scalable platform. The company began a scaled global launch of Tandem Source earlier in the second quarter of 2023. Feedback from the early adopters of the application in the United States has been overwhelmingly positive.
Image Source: Zacks Investment Research
The platform provides access to important therapy data and introduces convenient ways for pump users to reorder supplies and update their pump software. For HCPs, Tandem Source provides the tools necessary to seamlessly view critical patient data, identify trends and help their patients better manage their diabetes. Both HCPs and pump users also have access to three new Tandem Source reports in the platform.
Tandem Source features a new web-based pump uploader that offers faster data transfers to the cloud with no computer software to install or update. It automatically transfers data from users’ pumps using the t:connect mobile app, keeps online data current and removes the need for manual pump uploads. Tandem Source offers three easy-to-use reports that consolidate all the information required for HCPs to make impactful clinical recommendations.
Industry Prospects
Per a Research report, the AID system market was valued at $749.2 million in 2022 and is expected to witness a CAGR of 9.8% by 2030.
Other Notable Highlights
It has been a transitional time for Tandem Diabetes, preparing for the next phase of growth through an innovative portfolio that reduces the burden of diabetes management. The company is executing multiple near-term product launches while implementing scalable systems and processes to support its global operations and leverage the infrastructure.
Last week, TNDM introduced the highly-anticipated t:slim X2 insulin pump software with Dexcom G7 Continuous Glucose Monitoring (CGM) integration in the United States. The company’s number-one rated automated insulin delivery (AID) system with Control-IQ technology is the only AID option in the world today to use Dexcom’s most advanced CGM technology.
In July 2023, Tandem Mobi, distinguished as the world’s smallest durable AID system, received FDA clearance. Mobi sets a new paradigm with the features of multiple wearability options, detachable infusion sets and the discretion of its mobile app operation. A limited release of Tandem Mobi is expected to start in late 2023, with full commercial availability planned for early 2024.
Price Performance
In the past six months, TNDM’s shares have declined 6.6% compared with the industry’s fall of 9.5%.
Zacks Rank and Key Picks
Tandem Diabetes Care currently carries a Zacks Rank #3 (Hold).
Haemonetics’stock has increased 13.9% in the past year. Earnings estimates for Haemoneticshave increased from $3.86 to $3.89 in 2023 and $4.11 to $4.15 in 2024 in the past 30 days.
HAE’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 16.1%. In the last reported quarter, it posted an earnings surprise of 5.3%.
Estimates for Insulet’s 2023 earnings per share have increased from $1.80 to $1.91 in the past 30 days. Shares of the company have dropped 33.6% in the past year compared with the industry’s decline of 6%.
PODD’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 105.1%. In the last reported quarter, it delivered an average earnings surprise of 77.5%.
Estimates for DexCom’s 2023 earnings per share have increased from $1.43 to $1.44 in the past 30 days. Shares of the company have increased 5.3% in the past year against the industry’s decline of 2.5%.
DXCM’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 36.4%. In the last reported quarter, it delivered an average earnings surprise of 47.1%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Tandem Diabetes (TNDM) Avails Tandem Source in the United States
Tandem Diabetes Care, Inc. (TNDM - Free Report) recently announced the full U.S. launch of its diabetes management platform, Tandem Source. The global data management application targets clinicians and expands the capabilities of the Tandem Diabetes’ t:connect data management application available for customers in the United States.
The innovation enhances clinical data visualization and provides added interface customization for health care providers (HCPs) to manage their patient's care better, whether remotely or in person. The platform is available for all Tandem pump users and their HCPs in the United States, with international availability expected in 2024.
News in Detail
Tandem Source is designed to integrate the features of Tandem’s legacy t:connect, t:connect HCP and t:connect Portal offerings with new comprehensive data reporting in one central, scalable platform. The company began a scaled global launch of Tandem Source earlier in the second quarter of 2023. Feedback from the early adopters of the application in the United States has been overwhelmingly positive.
Image Source: Zacks Investment Research
The platform provides access to important therapy data and introduces convenient ways for pump users to reorder supplies and update their pump software. For HCPs, Tandem Source provides the tools necessary to seamlessly view critical patient data, identify trends and help their patients better manage their diabetes. Both HCPs and pump users also have access to three new Tandem Source reports in the platform.
Tandem Source features a new web-based pump uploader that offers faster data transfers to the cloud with no computer software to install or update. It automatically transfers data from users’ pumps using the t:connect mobile app, keeps online data current and removes the need for manual pump uploads. Tandem Source offers three easy-to-use reports that consolidate all the information required for HCPs to make impactful clinical recommendations.
Industry Prospects
Per a Research report, the AID system market was valued at $749.2 million in 2022 and is expected to witness a CAGR of 9.8% by 2030.
Other Notable Highlights
It has been a transitional time for Tandem Diabetes, preparing for the next phase of growth through an innovative portfolio that reduces the burden of diabetes management. The company is executing multiple near-term product launches while implementing scalable systems and processes to support its global operations and leverage the infrastructure.
Last week, TNDM introduced the highly-anticipated t:slim X2 insulin pump software with Dexcom G7 Continuous Glucose Monitoring (CGM) integration in the United States. The company’s number-one rated automated insulin delivery (AID) system with Control-IQ technology is the only AID option in the world today to use Dexcom’s most advanced CGM technology.
In July 2023, Tandem Mobi, distinguished as the world’s smallest durable AID system, received FDA clearance. Mobi sets a new paradigm with the features of multiple wearability options, detachable infusion sets and the discretion of its mobile app operation. A limited release of Tandem Mobi is expected to start in late 2023, with full commercial availability planned for early 2024.
Price Performance
In the past six months, TNDM’s shares have declined 6.6% compared with the industry’s fall of 9.5%.
Zacks Rank and Key Picks
Tandem Diabetes Care currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader medical space are Haemonetics (HAE - Free Report) , Insulet (PODD - Free Report) and DexCom (DXCM - Free Report) . Haemonetics and DexCom each carry a Zacks Rank #2 (Buy), and Insulet sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Haemonetics’stock has increased 13.9% in the past year. Earnings estimates for Haemoneticshave increased from $3.86 to $3.89 in 2023 and $4.11 to $4.15 in 2024 in the past 30 days.
HAE’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 16.1%. In the last reported quarter, it posted an earnings surprise of 5.3%.
Estimates for Insulet’s 2023 earnings per share have increased from $1.80 to $1.91 in the past 30 days. Shares of the company have dropped 33.6% in the past year compared with the industry’s decline of 6%.
PODD’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 105.1%. In the last reported quarter, it delivered an average earnings surprise of 77.5%.
Estimates for DexCom’s 2023 earnings per share have increased from $1.43 to $1.44 in the past 30 days. Shares of the company have increased 5.3% in the past year against the industry’s decline of 2.5%.
DXCM’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 36.4%. In the last reported quarter, it delivered an average earnings surprise of 47.1%.