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Stratasys' (SSYS) MakerBot Merges With Netherland's Ultimaker
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Stratasys’ (SSYS - Free Report) wholly-owned subsidiary, MakerBot, has entered into an agreement with Netherlands-based Ultimaker to join their businesses and form a new entity headquartered in both the Netherlands and New York for the global advancement of additive manufacturing technology.
The newly formed entity will offer combined desktop 3D-printing solutions to a broad base of customers by joining their teams and leveraging additional funding. This will jointly enhance both MakerBot and Ultimaker’s hardware, software and materials portfolios while expanding their international presence across Americas, EMEA and APAC.
The merger transaction deal, expected to close in the next couple of quarters, depicts support for sustainable manufacturing. It is subject to gain from an investment worth $62.4 million in cash for ensuring access to new markets.
The Co-CEOs of the new company will be Nadav Goshen, current MakerBot CEO, who will manage operations and R&D, and Jürgen vonHollen, current Ultimaker CEO, who will manage commercial functions.
Stratasys has been benefiting from an increase in demand for 3D-printed materials, and its focus on product launches and strategic partnership agreements or acquisitions. Notably, in January, its subsidiary, MakerBot, expanded its offering of advanced engineering materials for the MakerBot METHOD 3D-printing platform with the addition of three new LUVOCOM 3F materials from LEHVOSS Group, a leading provider of high-performance thermoplastics for industrial sectors.
Zacks Rank & Key Picks
Stratasys currently carries a Zacks Rank #3 (Hold). Shares of SSYS have plunged 12% and in the past year.
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Avnet's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 21.2%. Shares of AVT have increased 6.4% in the past year.
The Zacks Consensus Estimate for Axcelis' second-quarter 2022 earnings has been revised 3 cents upward to 99 cents per share over the past seven days. For 2022, ACLS' earnings estimates have moved 11 cents north to $4.10 per share in the past seven days.
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Stratasys' (SSYS) MakerBot Merges With Netherland's Ultimaker
Stratasys’ (SSYS - Free Report) wholly-owned subsidiary, MakerBot, has entered into an agreement with Netherlands-based Ultimaker to join their businesses and form a new entity headquartered in both the Netherlands and New York for the global advancement of additive manufacturing technology.
The newly formed entity will offer combined desktop 3D-printing solutions to a broad base of customers by joining their teams and leveraging additional funding. This will jointly enhance both MakerBot and Ultimaker’s hardware, software and materials portfolios while expanding their international presence across Americas, EMEA and APAC.
The merger transaction deal, expected to close in the next couple of quarters, depicts support for sustainable manufacturing. It is subject to gain from an investment worth $62.4 million in cash for ensuring access to new markets.
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The Co-CEOs of the new company will be Nadav Goshen, current MakerBot CEO, who will manage operations and R&D, and Jürgen vonHollen, current Ultimaker CEO, who will manage commercial functions.
Stratasys has been benefiting from an increase in demand for 3D-printed materials, and its focus on product launches and strategic partnership agreements or acquisitions. Notably, in January, its subsidiary, MakerBot, expanded its offering of advanced engineering materials for the MakerBot METHOD 3D-printing platform with the addition of three new LUVOCOM 3F materials from LEHVOSS Group, a leading provider of high-performance thermoplastics for industrial sectors.
Zacks Rank & Key Picks
Stratasys currently carries a Zacks Rank #3 (Hold). Shares of SSYS have plunged 12% and in the past year.
Some better-ranked stocks from the broader Computer and Technology sector are Avnet (AVT - Free Report) , Axcelis Technologies (ACLS - Free Report) and Analog Devices (ADI - Free Report) . While Avnet sports a Zacks Rank #1 (Strong Buy), Axcelis and Analog Devices carry a Zacks Rank of 2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Avnet's fourth-quarter fiscal 2022 earnings has been revised 55 cents northward to $1.96 per share over the past 30 days. For 2022, earnings estimates have moved 20.5% north to $6.83 per share in the past 30 days.
Avnet's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 21.2%. Shares of AVT have increased 6.4% in the past year.
The Zacks Consensus Estimate for Axcelis' second-quarter 2022 earnings has been revised 3 cents upward to 99 cents per share over the past seven days. For 2022, ACLS' earnings estimates have moved 11 cents north to $4.10 per share in the past seven days.
Axcelis' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 23.5%. Shares of ACLS have surged 53.7% in the past year.
The Zacks Consensus Estimate for Analog Devices' second-quarter fiscal 2022 earnings has been revised 4 cents upward to $2.12 per share over the past 60 days. For fiscal 2022, earnings estimates have moved 11 cents north to $8.43 per share in the past 60 days.
Analog Devices' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 6%. Shares of ADI have risen 7.2% in the past year.