Alphatec jumps after preliminary results, 2022 guidance top estimates

Alphatec Holdings

10/01/2022 14:39

** Shares of medical device firm Alphatec Holdings  ATEC.O 
up 8.0% at $12.20 early Mon, on track for biggest one-day pct
gain in six months, after preliminary results and forecast beat
expectations
    ** Spinal device specialist says sees total Q4 rev of
$73.2-$74 mln vs Street consensus of $65.9 mln, per Refinitiv
data  urn:newsml:reuters.com:*:nBw6VxFJFa
    ** Expects full-yr 2022 rev to grow approx 26% to $305 mln,
also topping Street view of $291.9 mln
    ** 9 of 10 analysts covering ATEC rate stock 'buy' or
higher, 1 rates 'hold' and median PT is $21.50 - Refinitiv
    ** ATEC fell 21% in 2021
    ** Co slated to participate in Needham growth conference on
Fri, Jan 14

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))