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AngioDynamics, Inc. (ANGO) designs, manufactures, and sells various medical, surgical, and diagnostic devices for the treatment of peripheral vascular disease, vascular access, and for use in oncology and surgical settings in the United States and internationally.
The company provides NanoKnife ablation systems for the surgical ablation of soft tissues; solero microwave tissue ablation systems; and radiofrequency ablation products for ablating solid cancerous or benign tumors. It also offers BioSentry tract sealant systems; IsoLoc Endorectal Balloon's; alatus vaginal balloon packing systems; and OARtrac system, which offers real-time dose data physically delivered during various cancer treatments.
In addition, the company provides manifolds, contrast management systems, closed fluid systems, guidewires, disposable transducers, and interventional accessories that help clinicians in the diagnosis and treatment of cardiovascular and peripheral vascular diseases.
Shares have formed a bearish "flag" following the company's latest report. Angiodynamics (ANGO) reported 1st Quarter August 2019 earnings of $0.08 per share on revenue of $66.0 million. The consensus earnings estimate was $0.04 per share on revenue of $67.6 million. Revenue fell 22.6% compared to the same quarter a year ago.
The company said it now expects fiscal 2020 earnings of $0.10 to $0.15 per share and continues to expect revenue of $280.0 million to $286.0 million. The company's previous guidance was earnings of $0.25 to $0.30 per share and the current consensus earnings estimate is $0.27 per share on revenue of $282.7 million for the year ending May 31, 2020.
Last Trade: $14.60
Trading Range: $13.72 to $25.48
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