Stratasys, Ltd. (NASDAQ:SSYS), the 3D printing and additive manufacturing solutions company, today announced that it has taken color 3D printing to a new level of realism and accessibility with the release of Stratasys Creative Colors Software, powered by the Adobe 3D Color Print Engine, for its Objet Connex3 3D Printing solutions. The new software solution combines advanced color management with a direct design-to-3D print workflow, and is an important step in Stratasys and Adobe’s shared vision of making 3D printing more accessible and easier to use while increasing creativity.
“Partnering with Adobe, a world leader in creative software products, aligns with Stratasys’ vision to make the color 3D printing experience as simple, powerful and rewarding as possible. The integration of Objet Connex3 with Stratasys Creative Colors Software and the resulting explosion of color possibilities is an important milestone in fulfilling this vision,” said Dan Yalon, EVP Business Development, Strategy and Vertical Solutions, Stratasys. “Furthermore, our relationship with Adobe not only continues to push the envelope of 3D printed realism, it also promotes our goal to make 3D printing more accessible, bringing enhanced color solutions to new important communities, such as Adobe’s creative designers.”
Stratasys is also announcing a new direct color workflow from Photoshop CC to the Stratasys Direct Manufacturing parts-on-demand service. It enables users for the first time to send their colorful 3D files directly to Stratasys Direct Manufacturing from within Photoshop CC for Objet Connex3 3D printing. The experience is further enhanced with features such as direct quoting, validation and previewing.
“Safilo is best in class in the eyewear industry, renowned for its craftsmanship, while at the same time always looking for innovative solutions. In additive manufacturing, Safilo has recently improved its prototype development process thanks to the adoption of Stratasys Creative Colors Software,” saidVladimiro Baldin, Chief Product Design and Creation Officer at Safilo. “The ability to print prototypes with the same color and texture as the finished product, has significantly increased our speed in developing new eyeglass frames. Now, using the Objet Connex3 3D Printer with Stratasys Creative Colors Software, we can push the creative boundaries even further, quickly responding to market trends and reducing our prototyping cycle from three days to just three hours.”
Stratasys Creative Colors is now bundled with all new Objet Connex3 3D Printers and can also be purchased for existing Objet Connex3 systems.
“With today’s announcement, Adobe Photoshop CC users can now directly access Stratasys Objet Connex3 3D printers – whether locally or through Stratasys Direct Manufacturing – and easily produce their designs with gorgeous gradient color and fine details. The combination of Adobe’s unmatched color expertise with Stratasys’ multi-color, multi-material 3D printing is a true game-changer for the creative design industry,” said Adil Munshi, VP andGM, Print and Publishing Business Unit, Adobe. (Original Source)
Shares of Stratasys closed today at $16.16, down $0.14 or -0.86%. SSYS has a 1-year high of $81 and a 1-year low of $14.88. The stock’s 50-day moving average is $21.67 and its 200-day moving average is $26.92.
On the ratings front, Stratasys has been the subject of a number of recent research reports. In a report issued on January 26, J.P. Morgan analyst Paul Coster downgraded SSYS to Hold, with a price target of $19, which implies an upside of 17.6% from current levels. Separately, on January 25, Jefferies Co.’s Jason North maintained a Buy rating on the stock and has a price target of $30.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Paul Coster and Jason North have a total average return of -8.4% and -43.6% respectively. Coster has a success rate of 41.9% and is ranked #3480 out of 3622 analysts, while North has a success rate of 0.0% and is ranked #3516.
Overall, 4 research analysts have assigned a Hold rating and 5 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $31.00 which is 91.8% above where the stock opened today.
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.