Chronicle Journal: Finance

Bullish Stocks With Promising ROA- $ALGN, $VRSN, $UI

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Align Technology Reports $352.3 Million In Revenue

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Align Technology, Inc. (NASDAQ:ALGN) has a ROA of 53.00%, which is one of the highest amongst large cap companies.

During the Q2 2020, Align Technology reported $352.3 million in revenue compare to $600.7 million reported in Q2 2019. The company reported Q2 GAAP net loss per diluted share of $(0.52) and non-GAAP net loss per diluted share of $(0.35) during the quarter. Align had $404.4 million in cash and cash equivalents as of June 30, 2020. This is a drop from the $790.7 million that the company had as of March 31, 2020.

On the corporate front, the company has secured a $300 million credit facility from HSBC Bank USA, Bank of America, N.A, Citibank, N.A., Align Technology signed a three-year unsecured revolving credit facility with the banks. In addition, the company completed the acquisition of exocad, a privately held company as it seeks to broaden the reach of its digital platforms. Align is adding technologies that will facilitate workflow on end-to-end digital platforms.

Align has partnered with MedTech Innovator Asia Pacific, a non-profit accelerator of startups in the medical technology industry. During the quarter the company introduced a number of products including virtual solutions to connect doctors and the latest version of proprietary ClinCheck(R) treatment planning software which was unveiled at the Invisalign Scientific Symposium on May 15, 2020.

Verisign Spent $150 Million In The Second Quarter To Repurchase

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Verisign, Inc. (NASDAQ:VRSN) has a ROA of 43.10%, which is one of the highest amongst large cap companies.

2Q 20202Q 2019
Revenue$314 million$322 million
Net Income$152 million$148 million
Diluted "EPS"$1.32$1.24
Operating Margin65.8%65.9%
With Cash, Cash Equivalents$1.19 billion$1.42 billion
CFO$215 million$165 million
Deferred revenues$1.06 billion$0.76 million

Verisign spent $150 million in the second quarter to repurchase 0.7 million shares of its common stock. The company had $676 million remaining for future share repurchases as of June 30, 2020.Verisign has a share repurchase program which has no expiry date.

Ubiquiti Launches Its New UniFi Protect G4 Doorbell

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Ubiquiti Inc. (NYSE:UI) has a ROA of 49.20%, which is one of the highest amongst large cap companies.

Ubiquiti is launching its new UniFi Protect G4 Doorbell which is expected to retail at $199. The new release has been equipped with built-in motion detection, a 5MP sensor, and is able to integrate with the rest of the UniFi Protect ecosystem. This is the company's first video doorbell and is able to connect into Wi-Fi and a 5MP sensor. The new doorbell comes with two-way audio communication and night vision features in addition to delivering 1600×1200 steams. Other features include built-in PIR motion sensor to further boost the system's ability to monitor video feeds for notifications.

The video doorbell has been designed to resist elements of weather. In addition, it has been painted white to blend in with other offerings from the company. To further beats its competitor, the new video doorbell has been fitted with a dual-band 802.11ac Wi-Fi on-board plus a built-in LED display that can be used to display customized messages to your guests.

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