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Stratasys (SSYS) Boosts Manufacturing With FDM 3D Printers

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Stratasys (SSYS - Free Report) recently announced the launch of an annual Open Material License, which is aimed at advancing its manufacturing strategy with a new open tier of third-party materials for FDM 3D printers. This move will enable its manufacturing customers to address new applications with demanding requirements, while having dual material sources.

The new ecosystem will highlight the benefits of additive manufacturing for Stratasys’ manufacturing customers. It will be available in the second half of 2022, starting with the Fortus 450mc.

Of late, Stratasys has been expanding its materials ecosystem across P3, Selective Absorption Fusion (“SAF”), and stereolithography 3D printing systems. In October, it introduced GrabCAD Additive Manufacturing Platform, an open and enterprise-ready software platform that enables manufacturers to manage production-scale additive manufacturing operations.

In September, Stratasys introduced an Open Material License for the P3-based Origin One along with two new materials from Loctite by Henkel. Earlier, in June, it expanded its software ecosystem with the addition of Teton Simulation, which utilizes GrabCAD DFAM Software Development Kit to help customers improve the reliability of additive manufacturing builds.

Zacks Rank & Stocks to Consider

Stratasys currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector include Advanced Micro Devices (AMD - Free Report) , Qualcomm (QCOM - Free Report) and TD SYNNEX (SNX - Free Report) , all carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for Advanced Micro Devices’ fourth-quarter 2021 earnings has been revised upward by 8 cents to 76 cents per share over the past 30 days. For 2021, earnings estimates were moved upward by 15 cents to $2.65 per share in the last 30 days.

Advanced Micro Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 14%. Shares of AMD stock have rallied 59.7% in the year-to-date (“YTD”) period.

The consensus mark for Qualcomm’s first-quarter fiscal 2022 earnings has been raised to $3 per share from $2.63 per share 30 days ago. For fiscal 2022, earnings estimates were revised upward by 11 cents to $10.51 per share in the last seven days.

Qualcomm’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 11.2%. Shares of QCOM stock have gained 10.6% YTD.

TD SYNNEX’s consensus estimate for fourth-quarter fiscal 2021 earnings has been revised upward by 11.7% to $2.67 per share over the past 60 days. For fiscal 2021, earnings estimates have been moved upward by 6.5% to $8.95 per share over the last 60 days.

TD SYNNEX’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 15.4%. Shares of SNX stock have appreciated 38.1% YTD.

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