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Forex headwinds and the divestment of the previously wholly owned subsidiary, MakerBot, are likely to have hurt Stratasys' (SSYS) Q2 top line.
MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--Stratasys Ltd. (Nasdaq: SSYS) will release financial results for the second quarter, 2023 on Wednesday, August 9, 2023. The Company plans to hold the conference call to discuss its second quarter 2023 financial results on Wednesday, August 9, 2023, at 10:00 a.m. (ET). We are shifting our earnings call for our second quarter results on August 9 from 8:30am to 10:00am (ET). Another call was announced for the time slot we had previously released and.
Shares of Stratasys Ltd. SSYS, -3.71% dropped 4.7% in premarket trading, after Nano Dimension Ltd.
Stratasys Ltd. SSYS, +2.16% said Wednesday its board has again rejected a sweetened offer from Nano Dimension Ltd.
Stratasys is positioning itself for mass production use cases and is pursuing an acquisition of Desktop Metal in support of this strategy. At the same time, a bidding war is emerging between 3D Systems and Nano Dimension. 3D Systems is best placed to acquire Stratasys, but its offer isn't that compelling. If 3D Systems' offer is rejected, Stratasys' stock could drop significantly, although this may be in the best interest of shareholders long-term.
Nano Dimension Ltd. NNDM, +2.25% again sweetened its bid for 3-D printer maker Stratasys Ltd.
The takeover bidding war for acquiring Stratasys (SSYS) intensifies as 3D Systems raises its offer price again just days after Nano Dimension revised the special tender offer.
Stratasys (SSYS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Shares of Stratasys Ltd. SSYS, +7.13% surged 6.1% toward an 11-month high in morning trading Monday, after Nano Dimension Ltd.
Stratasys (SSYS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.