Needham & Company Maintains a 'Hold' on Stratasys (SSYS); Merger with Objet Ltd. to Create Leader in 3D Printing
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Price: $9.00 +0.33%
Rating Summary:
16 Buy, 14 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
16 Buy, 14 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Hold' on Stratasys Inc. (NASDAQ: SSYS).
Analyst, James Ricciuti, said, "SSYS climbed 15% yesterday (vs down 0.05% for the S&P 500) after it announced an all-stock merger agreement with 3D printer competitor Objet Ltd. The combined company, which will be registered in Israel and be 55% owned by SSYS shareholders, had pro forma revenues in 2011 of $275M and adjusted EBITDA of $63.2M. Assuming ~38.6M diluted shares, EV of the combined company based on yesterday’s close is ~$1.47B. We believe the merger makes strong strategic sense, as it provides SSYS with largely complementary technologies in the evolving 3D printing industry. However, further upside in the shares in the near term could be limited as investors focus on the challenges of executing on the cross-continental merger."
For an analyst ratings summary and ratings history on Stratasys Inc. click here. For more ratings news on Stratasys Inc. click here.
Shares of Stratasys Inc. closed at $41.21 yesterday.
Analyst, James Ricciuti, said, "SSYS climbed 15% yesterday (vs down 0.05% for the S&P 500) after it announced an all-stock merger agreement with 3D printer competitor Objet Ltd. The combined company, which will be registered in Israel and be 55% owned by SSYS shareholders, had pro forma revenues in 2011 of $275M and adjusted EBITDA of $63.2M. Assuming ~38.6M diluted shares, EV of the combined company based on yesterday’s close is ~$1.47B. We believe the merger makes strong strategic sense, as it provides SSYS with largely complementary technologies in the evolving 3D printing industry. However, further upside in the shares in the near term could be limited as investors focus on the challenges of executing on the cross-continental merger."
For an analyst ratings summary and ratings history on Stratasys Inc. click here. For more ratings news on Stratasys Inc. click here.
Shares of Stratasys Inc. closed at $41.21 yesterday.
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