Stratsys
Stratsys
+0.81%
closure:0
opening:14.68
High:15.15
low:14.4
cycle:—
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which operates in the field of polymers for 3D printing, underwent a reorganization last year, following the arrival of CEO Yoav Zeif. Stratsys is built on acquisitions – a process that continues on a regular basis with the aim of expanding the portfolio of technologies it offers to its customers.
After previously Stratasys concentrated around two core technologies FDM and PolyJet, which led it, in the opinion of the Oppenheimer investment house, to miss opportunities, it acquired the companies RPS, Xaar3D, Origin and thus opened up a larger target market for it. The company currently employs approximately 2,000 employees spread across five technologies, this is compared to the 2,300 employees it employed in the past who were divided between only 2 technologies.
Oppenheimer’s analysts believe that the positive trend in business will continue. They give the stock an outperform rating; Target price of $25. The price in the market is about 14.5 dollars, recently Nano Dimensions offered to buy the company at a price of 25 dollars.
One way or another, Oppenheimer believes that the acquisitions and changes in the company allow the company to capture market share in growing industries such as the dental market and aviation while taking advantage of the change in the approach of manufacturers to adopt mass production by using 3D printing. In 2020, only 22% of the company’s total revenue came from sales related to production, in 2022 the total revenue from production has already risen to 32.5%.
“Stratasys tries to provide a uniform solution for the various manufacturers,” Boffenheimer explains, “The solutions range from the sale of printers, the supply of raw materials to a platform that unifies and links all the factors in the printing chain. As part of the ongoing effort to provide a single solution, the company is in the process of acquiring the Convestro company, which specializes in the production of materials Consumables for printers, an expected acquisition that significantly increased Stratsys’ portfolio of materials and capabilities.
“The acquired company owns about 700 patents and intellectual property, which, if the acquisition is completed successfully, will join Strasys’ patent portfolio, which contains about 1,700 patents.”
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