The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

CNMD

Concerning the House

CONMED Corporation, a medical technology company, develops, manufactures, and sells devices and equipment for surgical procedures. The company offers orthopedic surgery products, including BioBrace, TruShot with Y-Knot All-In-One Soft Tissue Fixation System, Y-knot All-Suture Anchors, and Agro Knotless Suture Anchors, which provide clinical solutions to orthopedic surgeons for the augmentation and repair of soft tissue injuries, as well as supporting products include powered resection instruments , fluid management, and visualization systems and the related single-use products that enable surgeons to perform minimally invasive sports medicine surgeries. It also provides battery-powered, autoclavable, large, and small bone power tool systems for use in orthopedic, arthroscopic, oral/maxillofacial, podiatric, spinal, and cardiothoracic surgeries under the Hall surgical brand name. In addition, the company offers general surgery products, such as clinical insufflation systems under the AirSeal brand; smoke removal devices under the Buffalo Filter brand; endomechanical products, including the Anchor1 line of tissue retrieval bags, trocars, suction irrigation devices, graspers, scissors, and dissectors, used in minimally invasive surgeries; and electrosurgical solution comprise monopolar and bipolar generators, argon beam coagulation generators, handpieces, smoke management systems, and other accessories. Further, it provides endoscopic technologies, including therapeutic and diagnostic products for use in gastroenterology procedures, and products to treat diseases of dilation, hemostasis, biliary, stricture management, infection prevention, and patient monitoring include ECG electrodes, EEG electrodes, and cardiac defibrillation pads. It markets its products directly to hospitals, surgery centers, and other healthcare institutions, as well as through medical specialty distributors. The company was incorporated in 1970 and is headquartered in Largo, Florida.

United States · www.conmed.com

The Long Run

FY 2011–2025 · 15 years

LineLatestCAGRTrend
Revenue$1.37B+4.7%
Gross profit$676.25M+15.6%
Operating income$200.33M+9.4%
Net income$132.42M+23.8%
Cash from ops$125.35M+12.2%
Quotation

$49.82

+0.34 (+0.7%)

52w hi$55.60
52w lo$32.11
Vol149.01K
As ofAug 13
The Verdict

Hold

Our score +0.23

Short+0.10
Medium+0.35
Long+0.27

computed 2026-08-13

By the Numbers

CONMED Corporation

Healthcare · Medical Devices

Market cap$1.49B
Enterprise value$2.28B
Trailing P/E26.93x
Forward P/E10.42x
EV / EBITDA10.02x
P / S (ttm)1.09x
Profit margin4.1%
Return on equity5.5%
Revenue growth+0.3%
Earnings growth+11.2%
Debt / equity80.11
Risk Metrics
Beta vs SPX0.93
Corr SPX0.34
Annual vol44.2%
Annual ret-5.8%
Sharpe-0.13
Max DD-58.6%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.20
Sector+0.12
Technical+0.12
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$49.81$50.39$49.12$49.82149.01K
Aug 12$49.96$49.96$48.41$49.48396.20K
Aug 11$49.45$50.41$49.45$49.58239.80K
Aug 10$48.64$50.18$48.64$49.46381.80K
Aug 7$49.94$50.30$48.50$49.12434.40K