Intuitive Surgical lost one-quarter of its value, from peak to present.
Intuitive Surgical, Inc. (NASDAQ: ISRG, Stock Forum) has been defended after recent weakness by an analyst call as the robotic daVinci surgical system maker was started as Outperform at William Blair.
Intuitive Surgical has seen its stock under fire because of its massive valuations and its stock performance through late 2007. Unfortunately, when companies make a 20-fold run in a matter of a few years things have to change at some point. Its shares have fallen from a peak of $350.59 to around $270.00 of late. In short, they have lost one-quarter of their value.
Its market cap is still over $10 billion and its forward estimated P/E ratio for 2008 is north of 50.0 in an uncertain environment.
The company's presentation at a Needham investment conference has not helped the shares.
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