Intuitive Surgical License Deal Sends Luna Shares to the Moon

Shares of microcap fiber optic test and measurement sensor-maker Luna Innovations (NASDAQ: LUNA  ) surged as much as 85% in Monday trading before finally settling down to book a 41% gain for the day. The catalyst: The company announced that it had extended its multiyear agreement to develop and supply "high-speed shape-sensing technology" to robotic surgery giant Intuitive Surgical (NASDAQ: ISRG  ) for use in its da Vinci surgical robots.

The agreement promises to deliver "milestone" payments to Luna as it brings new components to market and, as Luna CEO My Chung explained in a statement, "further expands our relationship with a leader in the growing field of robotically assisted surgery" -- Intuitive Surgical.

With $2.3 billion in annual revenues, Intuitive Surgical makes more money in five days than Luna (annual revenue: $30 million) makes in a year.


Read/Post Comments (0) | Recommend This Article (7)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2527167, ~/Articles/ArticleHandler.aspx, 8/2/2014 2:35:05 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 5 hours ago Sponsored by:
DOW 16,493.37 -69.93 -0.42%
S&P 500 1,925.15 -5.52 -0.29%
NASD 4,352.64 -17.13 -0.39%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/1/2014 4:00 PM
ISRG $453.17 Down -4.38 -0.96%
Intuitive Surgical CAPS Rating: ****
LUNA $1.41 Down +0.00 +0.00%
Luna Innovations,… CAPS Rating: No stars

Advertisement