Intuitive Surgical, best known for its da Vinci Surgical System which helps surgeons to perform operations with increased precision and control, benefited from high sales growth across the globe, but struggled in the U.S. market. The basis of the system uses robotics, while there are also HD 3D vision systems, and proprietary instrument technologies as well.Intuitive Surgical’s outlook was especially troubling because the company pinned the lower sales on the difficult environment in the U.S., and the lack of hospital dollars for new technologies. This bearish outlook is driving the stock sharply lower, with prices for Intuitive Surgical collapsing by about 14% in the past month alone. …read more
Source: FULL ARTICLE at Forbes Latest