Fabtech Reveals Continuing Low Visibility for Stratasys (SSYS) - Stifel

Stifel analyst, Patrick Newton, attended FABTECH 2015 in Chicago to meet with industry contacts and Stratasys (NASDAQ: SSYS) company contacts.

Beyond current material headwinds the company remains positive on materials consumption, service bureau opportunities, and growth from strategic account initiatives. Conversations highlighted that closing of leads remains a material challenge for the company – negatively impacting unit sales.

A specific step the company is taking is focusing on strategic account management on roughly 75 companies in the United States, and more than 130 worldwide, with dedicated sales representatives, along with order fulfillment through the channel. Even in the difficult market environment the strategic account initiative has yielded 137% y/y revenue growth in targeted accounts – albeit off a small revenue base.

He maintained his Hold rating on lack of visibility into improving fundamentals

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 $23.97 yesterday.

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