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Sohini Mondal

Is IDEXX Laboratories Stock Underperforming the Nasdaq?

IDEXX IDEXX Laboratories IDXX

With a market cap of $33 billion, IDEXX Laboratories, Inc. (IDXX) develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries internationally. Headquartered in Westbrook, Maine, the company operates through three segments: Companion Animal Group; Water Quality Products; and Livestock, Poultry and Dairy.

Companies valued at $10 billion or more are generally described as “large-cap stocks,” and IDEXX Laboratories definitely fits that description. The multinational corporation’s diagnostic and software products and services create clarity in the complex and deliver insights and solutions that help the veterinary community around the world.

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