One of the biggest movers on the market this year has been the Cochlear Limited (ASX: COH) share price.
Since the turn of the year the shares of the implantable hearing solutions provider have gained approximately 25%.
By comparison, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has gained just 1.8%.
Why have its shares rallied?
Despite the fact that Chinese government tenders are expected to fall year-on-year, Cochlear pleased the market recently by reiterating its full-year guidance.
In FY 2017 Cochlear expects full-year net profit between $210 million and $225 million, which equates to growth of between 10% and 20% on the prior year.
Here's why one Motley Fool contributor rates Cochlear as a hold presently.
