If you want to monitor your vital signs like an Olympic athlete, you should welcome a pact between glucose-monitor vendor DexCom and Oura smart rings.
Tom Hale, Oura CEO, joins 'Squawk Box' to discuss the company's new partnership with Dexcom, glucose monitors, and much more.
Medical device maker Dexcom said on Tuesday it will invest $75 million in Ōura's latest funding round, valuing the smart ring maker at over $5 billion.
The undervalued stocks of these mid-sized companies with economic moats look attractive.
This medical device company is down but not out.
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Investors likely felt that with a compelling new product on the market, the company should have posted more meaningful growth.
DexCom, Inc. DXCM reported better-than-expected third-quarter results on Thursday.
DXCM's third-quarter 2024 earnings and revenues surpass expectations, fueled by global growth in CGM adoption, strong Sensor sales and expansion into new markets.
DexCom's U.S. revenue declines 2% in the third quarter from a year earlier.
DexCom's stock has declined 35% since my last bearish article, validating my "Sell" rating, though past bearish calls were incorrect as the stock previously doubled and tripled. Q3 results showed disappointing 2% revenue growth and a 26% decline in operating income, with U.S. revenue down 1.6% but international revenue up 11.8%. Increased competition from Medtronic and Abbott Laboratories, along with slowing growth rates, raises concerns about Dexcom's ability to maintain its market share.
DexCom, Inc. (NASDAQ:DXCM ) Q3 2024 Earnings Call Transcript October 24, 2024 4:30 PM ET Company Participants Sean Christensen - VP, Finance and IR Kevin Sayer - President and CEO Jereme Sylvain - CFO Conference Call Participants Danielle Antalffy - UBS Larry Biegelsen - Wells Fargo Matt Taylor - Jefferies Jeff Johnson - Baird Robbie Marcus - JPMorgan Joanne Wuensch - Citibank Michael Polark - Wolfe Research Mathew Blackman - Stifel Travis Steed - Bank of America Marie Thibault - BTIG Matthew O'Brien - Piper Sandler Bill Plovanic - Canaccord Genuity Jayson Bedford - Raymond James Joshua Jennings - TD Cowen Shagun Singh - RBC Capital Markets Chris Pasquale - Nephron Research Mike Kratky - Leerink Partners Steve Lichtman - Oppenheimer Patrick Wood - Morgan Stanley Issie Kirby - Redburn-Atlantic Macauley Kilbane - William Blair Operator Ladies and gentlemen, welcome to the DexCom Third Quarter 2024 Earnings Release Conference Call. My name is Abby, and I will be your operator for today's call.