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STRATASYS LTD

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Why CNET 3D-Printing Stock Soared YesterdayShares of 3D-printing companies rose sharply on Thursday after 3D Systems (NYSE:DDD) reported blockbuster preliminary results for the fourth quarter. This news has given investors hope that other companies in the sector will report similarly strong results. in the first three quarters of 2020, Stratasys's total revenue fell by more than 20% year over year. The strong preliminary results from 3D Systems are sparking investor optimism that the 3D-printing industry is about to come roaring back as manufacturing activity picks up and economies start to recover from the havoc caused by the pandemic. www.fool.com
NASDAQ:SSYS
by AlenCiken
Stratasys Ltd. steps up Covid 19 protection gear production Source Business wire Stratasys Ltd. (NASDAQ: SSYS) has announced a global mobilization of the company’s 3D printing resources and expertise to respond to the COVID-19 pandemic, spanning its Stratasys, GrabCAD, Stratasys Direct Manufacturing and partner network with donated printing capacity across all regions. The initial focus is on providing thousands of disposable face shields for use by medical personnel. Stratasys and its partners are producing several thousand face shields with 3D-printed plastic frames. (Photo: Business Wire) In the United States, Stratasys has set an initial goal of producing 5,000 face shields by Friday, March 27, at no cost to the recipients. This includes both a 3D-printed frame and a clear plastic shield that covers the entire face. The company will have the ability to scale to an even faster rate of production. Any 3D printing shop in the U.S. that wishes to help print plastic frames, can fill out an online form to be invited to join the effort. The company is also posting the full face shield printing and assembly instructions by Monday, Mar. 23 on its COVID-19 response page. One of the world’s top hospitals has told Stratasys they use 1,530 disposable face shields every week even without the surge created by COVID-19 and is down to six days’ inventory on hand, with the pandemic still building momentum. Stratasys said medical technology leader Medtronic and Minneapolis-based Dunwoody College of Technology will provide support for the plastic shield material. "We are humbled by the opportunity to help. We see additive manufacturing as an essential part of the response to the COVID-19 global epidemic," said Stratasys CEO Yoav Zeif. "The strengths of 3D printing – be anywhere, print virtually anything, adapt on the fly – make it a capability for helping address shortages of parts related to shields, masks, and ventilators, among other things. Our workforce and partners are prepared to work around the clock to meet the need for 3D printers, materials, including biocompatible materials, and 3D-printed parts." Stratasys has scores of professional 3D printers available to apply to the challenge of producing shields at scale, particularly across its Stratasys Direct Manufacturing facilities, which are based in Eden Prairie, Minn., in and around Austin, Texas, and Valencia, Calif. A number of other large manufacturers and educational institutions with production grade 3D printers have donated their capacity to help. These include Wentworth Institute of Technology in Boston, Queensborough Community College in New York City, and the Savannah College of Art and Design in Savannah, Ga. Stratasys has set up a web page where organizations can request 3D printed products to help with the crisis, offer 3D printing capacity, or request 3D printers or material for medical- or safety-related purposes. Visit www.stratasys.com The company is also planning to respond to the crisis in additional ways. An initiative led by anesthesiology residents of Massachusetts General Hospital called the CoVent-19 Challenge is planning to ask engineers and designers to help develop a new rapidly deployable ventilator and other innovative solutions to the ventilator shortage, and Stratasys plans to support the challenge and promote it via its GrabCAD community of more than 7 million professional designers, engineers, manufacturers and students.
NASDAQ:SSYS
by Bullishcharts
1
Stratasys Ltd on verge of a massive Breakout What was meant to be the next great investment has been nothing but, after a parabolic move up it has fallen like a stone for years. The process is fantastic but industry has been slow to adopt it, but that has started to change and new providers of 3d printing are once again attracting the attention of investors. Three-dimensional printing unicorn Carbon, a frequently mentioned IPO candidate, on Tuesday announced a new funding round of over $260 million, hiking its overall total to $680 million and giving it a valuation of $2.4 billion. This news has given the entire sector fresh impetus and a relief rally is underway, alerts set for break of $31 for decision dependant on volume . AVERAGE ANALYSTS PRICE TARGET $23.67 AVERAGE ANALYSTS RECOMMENDATION HOLD P/E RATIO SHORT INTEREST 13% COMPANY PROFILE Stratasys Ltd. engages in the provision of additive manufacturing solutions for the production of parts used in the process of designing and manufacturing products for the manufacturer of end parts. Its systems include desktop 3D printers for idea and design development, various systems for rapid prototyping and large production systems for direct digital manufacturing. The company also develops, manufactures and sells materials for use with its systems and provides related service offerings to its customers. Stratasys was founded on March 3, 1998 and is headquartered in Eden Prairie, MN.
NASDAQ:SSYSLong
by RedHotStocks
3