Milberg LLP Announces Investigation of Stratasys Ltd.
NEW YORK, Feb. 3, 2015 /PRNewswire/ -- Milberg LLP announces that it is investigating potential violations of the federal securities laws by Stratasys Ltd. ("Stratasys" or the "Company")(NYSE: SSYS), in connection with its public statements to investors.
On February 2, 2015, the Stratasys announced that it now expects full year earnings per share to fall between $1.97 and $2.03 per share, down from the original $2.25 to $2.35 per-share forecast, and well below the $2.16 per-share analysts were predicting. These loss numbers are significantly higher than those that that the Company projected in November, and are largely driven by a $100 - $110 million fourth quarter impairment charge related to the Company's MakerBot unit. Stratasys acquired MakerBot for $400 million in June of 2013. At the time, David Reis, Stratasys' CEO, praised MakerBot's "rapid adoption" by designers and engineers and called it the "strongest brand in the desktop 3D printer category."
On this news, Stratasys shares fell $24.61 per share to $55.41, or more than 30.73%, in intraday trading on February 3, 2015.
If you have any information about the Company, or if you purchased Stratasys shares, and you would like to learn more about this potential matter, please contact the following attorney:
Andrei Rado, Esq.
Milberg LLP
One Pennsylvania Plaza, 49th Fl.
New York, NY 10119-0165
Phone number: (800) 320-5081
Email: [email protected]
SOURCE Milberg LLP
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article