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Sirona Dental Systems (SIRO) develops, manufactures, and markets dental equipment for dentists worldwide.
The company operates in four segments: Dental (CAD/CAM) Systems, Imaging Systems, Treatment Centers, and Instruments.
The Dental (CAD/CAM) Systems segment addresses the market for various dental restorations, such as inlays, onlays, veneers, crowns, bridges, copings, and bridge frameworks made from ceramic, metal, or composite blocks.
The Imaging Systems segment offers a range of film-based and digital equipments for diagnostic imaging in the dental practice. This segments products comprise imaging systems for 2D and 3D, panoramic, and intra-oral applications.
The Treatment Centers segment offers a range of products from basic dentist chairs to chair-based units with integrated diagnostic, hygiene, and ergonomic functionalities, as well as specialist centers used in preventative treatment and for training purposes.
The Instruments segment provides handheld and power-operated handpieces for cavity preparation, endodontics, periodontology, and prophylaxis, as well as comprises multi function tips, supply and suction hoses, and care and hygiene systems for instrument preparation.
Shares have formed a bullish "flag" after the company reported better than expected results and guided higher going forward.
We are now hearing rumors of good news for this company. One of the rumors states that this stock will be named by the leading stock advisory service as one of its "top picks." This service is widely followed by mutual funds and institutional money managers. These investors have portfolios that mimic recommendations of this service. Their naming of the stock should lead to additional demand for the shares, pushing the shares higher out of their current bullish formation.
52-Week Trading Range: $40.59 - $63.86
Last Trade: $61.45
Stop Loss: $58.38
Target Price: $67.60
