HomeMost Popular Unveiling Stratasys (SSYS) Arevo Acquisition Stratasys Dives into Innovation by Acquiring Arevo

Unveiling Stratasys (SSYS) Arevo Acquisition Stratasys Dives into Innovation by Acquiring Arevo

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Stratasys SSYS has set the stage with its recent acquisition of Arevoโ€™s technology and intellectual property. Arevo, once a prominent figure in Silicon Valley, halted operations back in 2023.

Revamping Manufacturing Applications

The acquisition encompasses a spectrum of crucial patents in carbon fiber printing, enhancing strength via localized laser melting and roller compaction, real-time monitoring during printing, and hardware design. This strategic move enables Stratasys to integrate cutting-edge technology into its FDMยฎ print systems, thereby broadening the manufacturing applications available to its clientele.

With this forward-thinking acquisition, SSYS is aiming to accelerate the adoption of FDM printing applications by surmounting hurdles like the necessity for sturdier and more consistent parts, as well as enhanced system throughput.

Stratasysโ€™ Journey Toward Dominance

Stratasysโ€™ acquisition strategy, underpinned by a commitment to innovation and customer value, revolves around a blend of internal research and development initiatives and the strategic procurement of technology and IP. Armed with a rich portfolio of over 2,600 approved and pending patents, the company has ascended as a trailblazer in the industry.

This substantial acquisition is poised to propel Stratasysโ€™s revenue performance in the coming quarters and cement its leading stature in the market.

The Zacks Consensus Estimate for SSYSโ€™ 2024 revenues stands at $680.39 million, signaling a 7.69% year-over-year upswing. As for 2024 earnings, the consensus estimate is set at 37 cents per share, representing a 208.33% year-over-year boost.

SSYSโ€™ Ongoing Innovations to Stay Ahead

In a bid to stay competitive, Stratasys recently revealed that PartsToGo, a prestigious German service bureau, has made a substantial investment in four Stratasys stereolithography printers. These include three Neo800 printers and one Neo450, intended to complement their existing machines and produce precise parts for industrial needs. This investment has expanded PartsToGoโ€™s Neo fleet to six systems, with another installation on the horizon.

Furthermore, Stratasys has joined forces with University Hospital Birmingham in England to revolutionize outcomes for head and neck cancer patients. Through the integration of a Stratasys J5 MediJet 3D printer, the hospital has successfully reduced surgery durations by up to three hours by using customized and 3D-printed surgical guides. These strides are pivotal in fortifying Stratasysโ€™s position against fierce competition in the 3D printing landscape.

While shares of this Zacks Rank #3 (Hold) entity have observed a 17% dip year to date, ground gained by the Zacks Computer and Technology sector at 11.5%, the setback can be attributed to the cutthroat rivalry in the 3D printing industry, led by dominant players like Altair Engineering ALTR, 3D Systems DDD, and Xometry XMTR.

Altair Engineering has emerged as a frontrunner in 3D printing, harnessing its simulation tools to revolutionize product development. Collaborations with entities such as Gen3D have further solidified its standing in the 3D printing domain.

Specializing in printers and design software across various sectors, DDD is a key player in the independent 3D printing realm. With its extensive experience and global footprint, 3D Systems anticipates substantial growth prospects as the 3D printing industry continues to expand.

In a significant milestone, Xometry staged its first public offering in the summer of 2021. Running a platform that facilitates the procurement of prototypes and mass-produced items, XMTR boasts a vast network of more than 5,000 suppliers, including entities adept at tasks like 3D printing and injection molding.

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