Intuitive Surgical Inc. (ISRG) Shares Plummet
Shares of medical device maker Intuitive Surgical Inc. fell sharply Tuesday as an Oppenheimer & Co. analyst said the company's strong growth will slow in 2008 on fewer U.S. sales of the da Vinci surgical system, due to market saturation and a lack of adoption by gynecologists for hysterectomy procedures.
Analyst Amit Hazan said Intuitive Surgical is the most expensive stock in the medical technology sector, a value driven by both the company's robust growth rates and by results consistently beating Wall Street expectations by wide margins. Intuitive's da Vinci system allows doctors to perform robot-aided surgery through small openings in the patient's body from a remote console.
Analyst Amit Hazan said Intuitive Surgical is the most expensive stock in the medical technology sector, a value driven by both the company's robust growth rates and by results consistently beating Wall Street expectations by wide margins. Intuitive's da Vinci system allows doctors to perform robot-aided surgery through small openings in the patient's body from a remote console.
Labels: Intuitive Surgical Inc., ISRG
posted by Stock Administrator @ 8:52 PM
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