ANGO Stock: AngioDynamics Jumped 11% — Because Medicare Said Yes

AngioDynamics (ANGO) Q4 FY2026 — AngioDynamics beat on its fiscal Q4 (revenue $86.6M, +8%; adjusted loss of $0.07, 4 cents better than feared), grew full-year Med Tech 18%, and guided FY27 revenue above consensus. The stock jumped ~11% to a 52-week high, led by NanoKnife (+64.5%) as Medicare coverage for its prostate-ablation therapy went live July 5. AngioDynamics quietly reinvented itself: it sold its low-margin legacy lines and rebuilt around two growth platforms, and the star is NanoKnife — which destroys prostate tumors with electricity (a focal therapy that spares patients the incontinence/impotence risks of surgery or radiation). The catalyst just completed: FDA clearance (2024), billing codes live (Jan 1), and Medicare coverage effective July 5. NanoKnife grew 64.5% with capital placements up 132% — every machine placed is a razor that sells disposable probes for years. At ~1.7x sales, debt-free, the valuation is reasonable and the catalyst is only days old. But it just popped 11% to a 52-week high and more than half the company barely grows. A SPECULATIVE BUY — real catalyst, mind the entry. Fair value ~$18. THE CALL: SPECULATIVE BUY (3/5, REAL CATALYST, MIND THE ENTRY) — base-case value ~$18 vs ~$14.43 today. What to watch: disposable-probe (utilization) revenue accelerating in the quarters after the 132% jump in machine placements and the July 5 Medicare coverage, the Med Device drag on blended growth, and the path to GAAP profitability Also on YouTube: @ChargedAlpha DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.