This company, which makes Invisalign invisible braces is benefitting from an increasing wave of analyst and investor sentiement.

Danaher (DHR) disclosed that it holds 6,412,132 shares (8.8%). The company received 5,561,489 of the shares and $13 million in cash as part of a settlement related to a patent-infringement case involving its Ormco subsidiary and Align. Pending regulatory approval, Danaher will receive a further 2,025,000 shares, giving it an approximate 10% stake in Align. The companies also agreed to collaborate on an orthodontic product that combines their respective dental-bracket systems.

earnings expectations

13.7

19.5

Dental products company Align Technology Inc. recently announced its board of directors authorized a stock buyback program of up to $50 million, effective immediately.

The company said the program will allow it to offset any dilution from its employee equity plans.

Align Technology said that as of April 25, it had about 69.6 million shares outstanding.

Also, Barrington Research upgraded the Santa Clara, Calif., company to market perform from underperform after a solid earnings beat. The company announced first-quarter profit of $5.3 million, or 7 cents a share, vs. $7 million, or 10 cents a share, a year ago. Analysts were looking for EPS of 3 cents.

The stock has a PE of 24.

16.9

strong fundamentals, should report an up quarter

As seen On Mad Money

Avg. Absolute 1 Day % Chg on Earnings: 13.65%