Volkswagen invests in two Stratasys J850 3D printers » 08:3711/2411/24/20
Volkswagen (VWAGY) "has invested in the world's only full color, multi-material 3D printing technology from Stratasys (SSYS) to enhance its prototyping capabilities and open up new opportunities within automotive design. Volkswagen has over 25 years of 3D printing experience to innovate the design and production of vehicles for its customers. According to the company, this latest investment allows the design team to meet Volkswagen's stringent quality requirements, with the capability to now create complex multi-material prototypes that mirror final production parts with up to 99% precision. This level of realism will enable the team to better test and improve overall part designs. The J850 provides Volkswagen the unique ability to produce full-color prototypes in up to seven different materials varying in rigidity, flexibility, opaqueness, and transparency - all in a single print. This saves significant time and costs over traditional multi-step design processes such as part assembly and painting.
|Over a week ago|
Stratasys reports Q3 non-GAAP EPS (5c), consensus (7c) » 06:0211/1211/12/20
Reports Q3 revenue…
Reports Q3 revenue $127.9M, consensus $122.14M. "We were pleased to see sequential improvements in both our top and bottom lines for this quarter, reflecting the beginning of a potential recovery from the pandemic," said CEO Yoav Zeif. "We are laser-focused on leading the polymer 3D printing market by delivering the most innovative, next-gen technologies to address the fastest-growing and most transformative manufacturing applications, while leveraging the strongest go-to-market infrastructure in our industry. We believe that our innovations of today will drive competitive production advantages for the factories of tomorrow, resulting in growth and value creation for our customers and shareholders."
Stratasys announces Boeing qualification of its Antero 800NA thermoplastic » 08:3510/2910/29/20
Boeing (BA) has qualified…
Boeing (BA) has qualified the Antero 800NA thermoplastic to its repertoire of 3D printing capabilities, Stratasys (SSYS) announced. The qualification means the high-temperature material can now be used on flight parts for Boeing planes. Antero 800NA is a PEKK-based polymer developed specifically for production-grade Stratasys FDM 3D printers. Boeing has released specification BMS8-444 and added the 800NA material to the qualified products list, or QPL, after an extensive evaluation of the material's performance. It is the first material from Stratasys qualified by Boeing for use in applications with elevated chemical resistance or fatigue requirements.
|Over a month ago|
Stratasys initiated with a Buy at Berenberg » 07:0310/0910/09/20
Berenberg analyst Kenneth…
Berenberg analyst Kenneth Vallace initiated coverage of Stratasys (SSYS) with a Buy rating and $18 price target. 3D printing is disrupting the traditional manufacturing industry, providing substantial room for growth for the "biggest pure-play 3D printing stocks," 3D Systems (DDD) and Stratasys, Vallace tells investors.
Fly Intel: Top five analyst downgrades » 09:5409/2409/24/20
PENN, RRC, SSYS, COTY, NKLA
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Penn National (PENN) downgraded to Neutral from Outperform at Macquarie with analyst Chad Beynon saying the company's lease adjusted leverage will still be 5.0 times at the end of 2022, which could be viewed as problematic in the event of a pandemic second wave or slowed demand. 2. Range Resources (RRC) downgraded to Sell from Neutral at Goldman Sachs with analyst Brian Singer saying Range has taken steps to address its "weak" balance sheet by selling royalty interests and should generate flat-to-modest production growth and "strong" free cash flow. 3. Stratasys (SSYS) downgraded to Neutral from Overweight at JPMorgan with analyst Paul Coster saying he expects a "slightly softer pivot" into 2021 given the "lingering impact" of the pandemic and uncertainty regarding the company's intended go-to-market strategy for the new polymer-based strategy. 4. Coty (COTY) downgraded to Equal Weight from Overweight at Consumer Edge. 5. Nikola (NKLA) downgraded to Underperform from Neutral at Wedbush with analyst Daniel Ives saying he still believes the company's electric vehicle and hydrogen fuel cell ambitions are attainable in the semi-truck market, but he has "serious concerns that the execution and timing of these ambitious goals stay on track over the coming years." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Stratasys downgraded to Neutral on lingering pandemic impact at JPMorgan » 05:4909/2409/24/20
JPMorgan analyst Paul…
JPMorgan analyst Paul Coster downgraded Stratasys to Neutral from Overweight with a price target of $18, down from $20. The analyst expects a "slightly softer pivot" into 2021 given the "lingering impact" of the pandemic and uncertainty regarding the company's intended go-to-market strategy for the new polymer-based strategy. Stratasys' product launches are likely to be "delayed or muted" given the constraints imposed on high-touch sales by the pandemic, and end-market weakness in some key verticals, Coster tells investors in a research note.
Stratasys downgraded to Neutral from Overweight at JPMorgan » 04:4509/2409/24/20
JPMorgan analyst Paul…
JPMorgan analyst Paul Coster downgraded Stratasys to Neutral from Overweight with an $18 price target.
Stratasys extends partnership with Team Penske » 08:4309/1709/17/20
Stratasys said in a…
Stratasys said in a release, "Stratasys announced a new multi-year technical partnership agreement with Team Penske to continue to bring the time-saving benefits of 3D printing to all Team Penske NASCAR, INDYCAR and IMSA SportsCar teams. Team Penske and Stratasys have worked together through five championships and more than 70 race wins since their relationship started in 2017. In that time, Team Penske has gone from two Stratasys 3D printers to four."
|Over a quarter ago|
Stratasys reports Q2 EPS (13c), consensus (20c) » 07:3908/0508/05/20
Reports Q2 revenue…
Reports Q2 revenue $117.6M, consensus $121.74M. "3D Printing continues to penetrate further into manufacturing across every relevant business sector," stated Yoav Zeif, CEO of Stratasys. "Despite the current macro slowdown due to COVID-19, we remain very optimistic about where our business and our industry is headed. The largest opportunity for us in 3D Printing is in Polymers, and the fastest-growing area is manufacturing. We are already a leader in Polymer additive manufacturing and expect to increase our presence through new offerings that will focus on delivering incremental customer value, especially in the fast-growing manufacturing applications, where we see the longest runway for growth through new technologies that we will offer," continued Zeif. "We have the ecosystem, resources and strategy to further expand our leadership as we enhance and broaden our technology offerings to serve significantly more Polymer applications and offer a full suite of solutions. We believe that these efforts will reboot growth in the short to medium-term, provide us with access to a greater customer share of wallet, and leverage our core competencies to more than double our addressable market, driving our future profitable growth."
Largest borrow rate increases among liquid names » 08:4506/1706/17/20
MARK, DNR, EURN, SSYS, MAC, SRNE, BGS, SAND, NBRV, EOLS
Latest data shows the…
Latest data shows the largest indicative borrow rate increases among liquid option names include: Remark Media (MARK) 125.48% +8.28, Denbury Resources (DNR) 36.99% +2.03, Euronav NV (EURN) 22.48% +1.38, Stratasys (SSYS) 6.53% +1.16, Macerich (MAC) 7.26% +0.80, Sorrento Therapeutics (SRNE) 34.21% +0.66, B&G Foods (BGS) 1.95% +0.65, Sandstorm Gold (SAND) 1.56% +0.49, Nabriva Therapeutics (NBRV) 7.22% +0.40, and Evolus (EOLS) 21.76% +0.38.