Dexcom Sees Strong Adoption of G6, but Hits Headwinds on Price Due to Payer and Channel Mix
Dexcom posted strong third-quarter results that were generally consistent with our expectations, and we’re standing pat on our fair value estimate of $74 per share. The roll out of G6 continues to fuel double-digit revenue growth (up 45% in constant currency year over year), and the firm also saw good news in Medicare’s decision to cover G6 as a therapeutic device for patients who need intensive insulin management. We also look forward to seeing Dexcom turn meaningful profit next year. Nonethele...DexCom is a medical device company primarily focused on the design, development and commercialization of continuous glucose monitoring systems for use by people with diabetes and by healthcare providers. The company's products include: DecCom G6?, which allows the company's transmitter to run an algorithm to generate a glucose value and to communicate to a patient's mobile device; DexCom G4? PLATINUM, which is used to adjust therapy and to educate and motivate patients to modify their behavior after viewing the effects that specific foods, exercise, stress and medications have on their glucose levels; and DexCom Share?, which transmits glucose information to the mobile devices of designated recipients.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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