Stratasys, Ltd. (NASDAQ:SSYS), the 3D printing and additive manufacturing solutions company, today announced it has tapped Dell, Inc. veteran John Gould as the newest member of the company’s leadership team. With more than 20 years of global management and technology experience, Gould will serve as president of North American operations.
With experience as an executive leader at computing giant Dell, Gould has deep operational expertise and a strong track record of success with go-to-market strategy and global sales leadership.
“Stratasys has helped define the market for 3D printing and next generation manufacturing,” said Stratasys Chief Business Officer, Josh Claman. “With a strong market position across North America and worldwide, Stratasys is committed to investing in key people to continue its growth and leadership position. I’m excited to bring John Gould on board, and I’m confident he will lead our North American team to the next level of growth.”
As president of North American operations and a crucial member of the executive leadership team, he is charged with defining the company’s North American strategy to expand the business, maintain Stratasys’ thought leadership position, and continue to improve both the customer and channel partner experience.
“As a defining force in 3D printing solutions, Stratasys is in the unique position to capture additional market opportunities throughout North America,” said Gould. “I’m very excited about the opportunity that lies ahead for our customers, resellers and Stratasys, and I am confident Stratasys can continue to build significant momentum across the region.”
Gould comes to Stratasys from online marketing and advertising solutions provider ReachLocal, Inc. where he acted as chief revenue officer and general manager of North America. With full P&L responsibility, Gould also had functional ownership for all sales channels: inside, outside, national accounts and partner channels.
At Dell, Inc., Gould served as executive director and general manager for the company’s IT Consulting Division for both the Americas and EMEA regions. He delivered multi-year, double-digit revenue growth for the division (over$400 million in total revenue) while increasing the division’s operating income. The industry veteran also has senior sales and marketing leadership experience from market leaders: ADP, Compaq Computer Corporation and The Mathworks. Gould has a bachelor’s degree in economics fromConnecticut College and an MBA in general management and marketing from Vanderbilt University – Owen Graduate School of Management. (Original Source).
Shares of Stratasys are trading at $25.84, down $0.57 or 2.16% Wednesday morning. SSYS has a 1-year high of $125 and a 1-year low of $24.80. The stock’s 50-day moving average is $29.33 and its 200-day moving average is $34.71.
On the ratings front, Stratasys has been the subject of a number of recent research reports. In a report issued on October 23, Canaccord Genuity analyst Robert Burleson reiterated a Hold rating on SSYS, with a price target of $26, which represents a slight downside potential from current levels. Separately, on the same day, Piper Jaffray’s Troy Jensen maintained a Buy rating on the stock and has a price target of $39.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Robert Burleson and Troy Jensen have a total average return of 1.1% and 5.8% respectively. Burleson has a success rate of 42.2% and is ranked #1709 out of 3802 analysts, while Jensen has a success rate of 50.5% and is ranked #801.
Overall, one research analyst has rated the stock with a Sell rating, 4 research analysts have assigned a Hold rating and 6 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 $39.50 which is 49.6% above where the stock closed yesterday.
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.