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Teladoc Health

All articles tagged with #teladoc health

finance2 years ago•3 min saved

Teladoc Stock Plunges Amid Forecast of Slower Virtual Healthcare Growth

Teladoc Health's stock plummeted after posting weaker-than-expected financial results and underwhelming guidance, marking a 95% drop from its all-time high three years ago. The company's revenue growth has decelerated for 11 consecutive quarters, with a decline in telemedicine visits in 2023. While its losses continue to narrow and free cash flow is expected to increase, the outlook for revenue growth remains modest. The stock's enterprise value is currently reasonable, but investors are looking for signs of usage growth before feeling comfortable about forward metrics.

via The Motley Fool|

#finance #financial-results #growth-prospects

finance2 years ago•4 min saved

"Assessing Teladoc Stock Amid Earnings Miss and Growth Forecast"

Teladoc Health, a telehealth specialist, initially thrived during the pandemic but has since faced challenges such as slowing revenue growth, lack of profitability, and stiff competition. However, the company still has potential for growth, with a large user base and opportunities in chronic care services. While it may take time for Teladoc to overcome its challenges, its undervalued stock and potential for future profitability make it a promising investment for patient investors, according to The Motley Fool.

via Yahoo Finance|

#finance #investment #pandemic-stocks

finance2 years ago•3 min saved

Cathie Wood's Latest Moves: Bargain Hunting, Thematic Investing, and Fund Adjustments

Cathie Wood, CEO of Ark Invest, has been adding to her positions in Teladoc Health, Roblox, and Rocket Lab. Teladoc Health, despite hitting a 52-week low, remains one of Wood's largest holdings. Roblox, an online gaming specialist, experienced a dip in daily active users but continues to grow. Rocket Lab saw a drop in its stock price after one of its rockets exploded, but its history of safe launches and potential for revenue generation in the space exploration industry suggests a bounce back. Wood's strategic buying reflects her confidence in these stocks.

via The Motley Fool|

#cathie-wood #finance #roblox

business2 years ago•1 min saved

Investor Interest Surges as Teladoc Health Beats Revenue Expectations

Teladoc Health reported better-than-expected financial results for the second quarter, with revenue increasing 10% year-over-year to $652.4 million. The company's adjusted gross margin improved, and adjusted EBITDA was up 54% year-over-year. Teladoc expects third-quarter revenue in the range of $650 million to $675 million and full-year 2023 revenue between $2.6 billion and $2.675 billion. Teladoc shares were up 7.46% following the news.

via Benzinga|

#business #earnings #financial-results

healthcare-technology2 years ago•1 min saved

Teladoc and Microsoft Join Forces to Automate Patient Visits with AI

Teladoc Health is expanding its partnership with Microsoft to utilize the tech giant's artificial intelligence services, including Microsoft's OpenAI and Nuance Dragon Ambient eXperience, to automate clinical documentation on its telehealth platform. This integration aims to alleviate the administrative burden on healthcare staff during virtual exams and address staff shortages in the profession. The use of AI in healthcare is gaining traction as hospitals and providers seek solutions to attrition caused by pandemic fatigue.

via Reuters|

#artificial-intelligence #clinical-documentation #healthcare-technology