Masimo Corporation (MASI) is well-poised for growth in the coming quarters, courtesy of its research and development (R&D) efforts. The optimism, led by a solid second-quarter 2024 performance and solid product portfolio, is expected to contribute further. However, concerns regarding overdependence on its Signal Extraction Technology ("SET") unit and macroeconomic issues persist. Over the past year, this Zacks Rank #1 (Strong Buy) company's shares have gained 18.4% compared with the industry's 7.1% growth. ...

The company seems to be effecting a smooth transition in its leadership. Medical tech company Masimo (MASI 6.01%) had some significant C-suite news to report on Wednesday, and investors clearly welcomed this. They collectively pushed the company's stock up by 6% across the day, which made the shares stand out as the S&P 500 index sagged marginally during that trading session. Interim CEO named Masimo announced that its CEO Joe Kiani informed the board of directors that he has stepped down from his post. He ...

Masimo (MASI) shares soared 8.7% in the last trading session to close at $121.42. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.5% loss over the past four weeks. The sharp upsurge in Masimo's shares can be attributed to the surprising news regarding the company's newly elected Board of Directors. On Sept. 19, per a public statement issued from Politan, activist investor Quentin Koffey, and his Politan Capital Management group ...

Activist investor Politan Capital won the two board seats it was seeking at medical technology company Masimo, defeating founder and CEO Joe Kiani and another director, Chris Chavez, at the shareholder vote. Masimo shares rose more than 2% in extended trading. Politan nominees Darlene Solomon and Bill Jellison will join Politan investment chief Quentin Koffey and former Johnson & Johnson executive Michelle Brennan, who obtained board seats in a prior proxy fight last year. "We look forward to meeting with, ...

Masimo (MASI) recently announced that a U.S. court has found Politan Capital and its managing partner, Quentin Koffey, guilty of violating a sealing order by releasing information from ongoing court proceedings in a press release dated Sept. 12. This incident is likely to become a critical factor in the lead-up to Masimo's 2024 Annual Meeting on Sept. 19, where Politan aims to replace several board members, potentially leading to the ousting of the company's longstanding CEO and founder, Joe Kiani. The ruli ...

Masimo Corporation (MASI) , on Friday, announced a partnership with Google. The tie-up aims to develop a new reference platform for original equipment manufacturers (OEMs) building Wear OS by Google smartwatches. OEMs who adopt the new Masimo platform will continue to design and produce their new smartwatches' physical exteriors. However, the devices' interiors, including optimized hardware and software components, biosensors, and a companion Android smartphone app, will be provided by Masimo. This is expec ...

Masimo Corporation (MASI) has announced a partnership with Qualcomm Technologies to create a nextgeneration smartwatch reference platform for Wear OS by Google. The collaboration is aimed at combining Masimo's expertise in advanced biosensing technologies with Qualcomm's Snapdragon wearable platforms. This reference platform is expected to help original equipment manufacturers (OEMs) develop high-performing smartwatches more efficiently, providing accurate health tracking and superior connectivity through l ...

After tangling in court with Apple over smartwatch features, medical technology company Masimo is teaming with Google. The company announced in a news release Saturday (Sept. 14) that it was working with Google to develop a new reference platform for original equipment manufacturers (OEMs) building the tech giant's Wear OS smartwatches. The platform, the company said, will allow OEMs to more efficiently bring Wear watches to market, incorporating Masimo's biosensing technologies and standardizing smartwatch ...

For Immediate Release Chicago, IL – September 16, 2024 – Today, Zacks Equity Research discusses Intuitive Surgical (ISRG) , Masimo Corp. (MASI) and Veracyte, Inc. (VCYT) . Industry: Medical Instruments Link: https://www.zacks.com/commentary/2335903/3-medical-instruments-industry-stocks-to-buy-on-genaiand-ma-boost The Medical Instruments industry is again in a transformative phase, thanks to the rapid adoption of generative Artificial Intelligence (genAI) and digital therapeutics, which market watchers expec ...

Masimo Corporation (MASI) , on Monday, announced that France-based Saint-Denis Hospital Center will be adopting the use of its SafetyNet cloud-based telemonitoring platform as part of an experimental mobile neonatology unit aimed at facilitating earlier discharge of premature newborns from the ICU to the home. Launched in February, the project is expected to allow vulnerable neonates to return home safely while remaining under the close supervision of the hospital. Although the deal with Saint-Denis Hospita ...