Stratasys, Ltd. (NASDAQ:SSYS), a leading global provider of 3D printing and additive manufacturing solutions, announced a joint marketing partnership in North America with Creaform, a worldwide leader in portable 3D measurement solutions.
This new partnership empowers users to leverage cutting-edge 3D scanning technology and world-class 3D printing technology designed to streamline the process across various industries and applications.
With a professional-grade solution, the user is able to accurately scan any 3D object and quickly generate print-ready files or even perform direct 3D-scan-to-print. Example applications include:
- Product design: reverse engineering and prototyping;
- Manufacturing: development of custom dies and molds, and the fabrication of jigs and fixtures;
- Health care: design of prosthetics, orthotics, surgical aids and guides;
- Education: mechanical engineering and design curriculums.
“3D printing and 3D scanning go hand-in-hand. This combination is targeted at allowing companies of all types to accelerate their product development processes and ensure that their products truly meet the needs for which they were designed. We believe that Creaform’s Go!SCAN 3D scanners and VXmodel Scan-to-Print software are the perfect complement to Stratasys 3D Printers,” says Creaform’s Marco St-Pierre, Division Vice President, Innovation and Technology. “There is clear and natural synergy between our technologies, audiences and applications, and partnering with the market leader is a tremendous opportunity for us.”
“By partnering with Creaform, Stratasys is able to offer its customers access to a new source of 3D printable content. This is expected to enhance existing solutions and open up new applications in a wide range of industries. We view Creaform to be an excellent addition to our growing partner ecosystem,” says Bruce Bradshaw, Vice President of Marketing, Stratasys, North America.
Jointly authorized, Stratasys and Creaform resellers in North America will promote and sell each party’s components to the end user. Under the terms of the agreement, both companies have agreed to invest in joint go-to-market capabilities including marketing and joint channel recruitment.
The companies will be demonstrating the joint solution at the American Society for Engineering Education Conference and Exposition, June 14 – 17 inSeattle, Washington. (Original Source)
Shares of Stratasys closed today at $36.42, up $0.59 or 1.65%. SSYS has a 1-year high of $130.83 and a 1-year low of $33.85. The stock’s 50-day moving average is $44.33 and its 200-day moving average is $67.20.
On the ratings front, Stratasys has been the subject of a number of recent research reports. In a report issued on May 21, Oppenheimer analyst Holden Lewis upgraded SSYS to Buy, with a price target of $50, which represents a potential upside of 39.0% from where the stock is currently trading. Separately, on May 12, Brean Murray Carret’s Ananda Baruah maintained a Hold rating on the stock .
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Holden Lewis and Ananda Baruah have a total average return of -14.8% and 0.2% respectively. Lewis has a success rate of 22.2% and is ranked #3505 out of 3610 analysts, while Baruah has a success rate of 48.6% and is ranked #2376.
The street is mostly Neutral on SSYS stock. Out of 11 analysts who cover the stock, 6 suggest a Hold rating and 5 recommend to Buy the stock. The 12-month average price target assigned to the stock is $50.50, which implies an upside of 40.4% from current levels.
Stratasys Ltd provides additive manufacturing solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. It offers 3D printers and 3D production systems.