Report
Jake Strole
EUR 100.00 For Business Accounts Only

Strong product placement growth suggests partnership with Philips remains on track.

Narrow-moat Masimo put up second-quarter results that for the most part fell in line with our above-consensus expectations. The fundamental performance at the firm remains robust as management logged another beat-and-raise quarter, inching guidance modestly closer to our full-year estimates. We'll likely bump up our fair value estimate by a low-single-digit percentage to account for the time value of money, but we don't expect to tweak our forecasts all that much.
The standout metric in the qua...
Underlying
Masimo Corporation

Masimo is a medical technology company that develops, manufactures, and markets a variety of noninvasive monitoring technologies. The company provides its products to hospitals, emergency medical service providers, long-term care facilities, physician offices, veterinarians and consumers. The company's main business is Measure-through Motion and Low Perfusion? pulse oximetry monitoring, known as Masimo Signal Extraction Technology? pulse oximetry. The company's products offerings also includes noninvasive monitoring of blood constituents with an optical signature, optical organ oximetry monitoring, electrical brain function monitoring, acoustic respiration monitoring and exhaled gas monitoring.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Jake Strole

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