Tactile Systems Rises 39% Following Impressive Q3 Results and Upgraded Forecast
Stock Performance: Tactile Systems Technology, Inc. (TCMD) saw a significant stock increase of 39.38% to $21.98 following the release of third-quarter results that exceeded expectations.
Financial Results: The company reported revenue of $85.8 million, a 17% year-over-year increase, and net income of $8.2 million, or $0.36 per share, surpassing analyst forecasts.
Future Guidance: Management raised the full-year 2025 revenue guidance to between $317-$321 million, indicating an expected growth of 8-10%, and announced a new share-repurchase program of up to $25 million.
Market Reaction: The stock opened between $15-$17, peaked at $22, and closed at $21.98, with trading volume significantly above average, reflecting strong operational performance and investor interest.
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Tactile Systems Technology (TCMD) Shows Strong Growth Potential: Is It a Good Investment?
Momentum Investing Overview: Momentum investing involves buying stocks that are trending upwards, with the expectation that they will continue to rise. The Zacks Momentum Style Score helps identify stocks with strong momentum characteristics, such as Tactile Systems Technology (TCMD), which currently has a score of A.
Tactile Systems Technology Performance: TCMD has shown significant price increases, with an 8.44% rise over the past week and a 93.22% increase over the last quarter, outperforming the S&P 500. The stock also has a Zacks Rank of #2 (Buy), indicating strong potential for future gains.
Earnings Estimates and Trading Volume: Recent upward revisions in earnings estimates for TCMD, along with a consistent average trading volume of 753,286 shares, suggest bullish momentum. The consensus estimate for TCMD has increased from $0.62 to $0.80 in the past 60 days.
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Zacks.com Spotlights Tactile Systems, Canadian Natural Resources, Arlo, and Celestica
Highlighted Stocks: The article discusses four efficient stocks to consider for investment: Tactile Systems Technology (TCMD), Canadian Natural Resources Ltd. (CNQ), Arlo Technologies (ARLO), and Celestica (CLS), all of which have shown strong earnings surprises.
Efficiency Ratios: Key efficiency ratios such as Receivables Turnover, Asset Utilization, Inventory Turnover, and Operating Margin are emphasized as important metrics for evaluating a company's potential to generate profits and manage resources effectively.
