SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Stratasys Ltd.
NEW YORK, Feb. 3, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Stratasys Ltd. ("Stratasys" or the "Company") (NasdaqGS: SSYS -News). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at [email protected] or 212-697-6484.
The investigation concerns whether Stratasys and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On February 2, 2015, the Company 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 analyst consensus. This is a significantly wider loss than the $31.6-to-$24.4 million loss (a per-share loss between 63 cents and 49 cents) that the Company projected in November, and is 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, shares of Stratsys fell $22.72, or 28.37%, to close at $57.36 on February 3, 2015
If you are aware of any facts relating to this investigation, or purchased shares of Stratasys, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
[email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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