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Sunnyvale, California, is home to such well-known tech companies as Advanced Micro Devices (NYSE: AMD) and Yahoo! (NASDAQ: YHOO), so it would be easy to dismiss Intuitive Surgical (NASDAQ: ISRG) as a small fish in a big pond. However, the fundamental prospects for this surgical-technology firm prove that ISRG is a heavyweight in its own right.
Intuitive Surgical is best known for its da Vinci surgical systems, which would no doubt impress Leonardo himself. The high-tech platforms allow surgeons to operate through small, minimally invasive ports while maintaining all the benefits of an open-surgery format.
Lately, ISRG has come under pressure as analysts warn of a slowdown in spending by hospitals. A good deal of this anxiety has already been priced into the stock, despite reassurances from CFO Marshall Mohr. On the company's third-quarter conference call, he asserted that a reduction in hospitals' capital expenditures isn't yet on the radar. "At the present time, we don't have any indicators that tell us that that's the case or that anything has changed," said Mohr, adding, "But we're early into this."
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