Monday, January 26, 2015

Seeking Alpha: Intuitive Surgical Set To Regain Momentum In 2015

With the exception of a run in the first quarter of 2014, the space between mid-2013 and mid-2014 was a dead zone for Intuitive Surgical (NASDAQ:ISRG) shares as it became clear that growth at this traditionally high-growth med-tech was slowing. System placements declined sequentially for five of six quarters starting in the first quarter of 2013 and procedure growth slowed as the medical community became less aggressive with prostatectomy procedures and daVinci penetration topped out.

Sentiment has been improving since mid-2014, though, helped by growing penetration in general surgery and optimism that the new Xi and Sp platforms and greater overseas sales efforts will reignite system placements on an extended basis. Although Intuitive will likely start seeing real competition relatively soon, this remains a pretty special company within the med-tech space. The trouble is how much to pay for those special qualities, as the Street is already back to expecting quite a lot of growth from this company.

Read the full article here:
Intuitive Surgical Set To Regain Momentum In 2015

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