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Technology Beat: Analysts Weigh in on Stratasys, Ltd. (SSYS) and Enphase Energy Inc (ENPH)


Technology companies are faced with various marketing and macro-economic challenges as they release their Q3 earnings. Analysts weigh in on Stratasys, Ltd. (NASDAQ:SSYS) and Enphase Energy Inc. (NASDAQ:ENPH) as the companies report how they were impacted by these factors.

Stratasys, Ltd.

Following yesterday’s third quarter earnings report from Stratasys, Robert Burleson from Canaccord Genuity weighed in on the stock. Burleson reiterated a Hold rating for Stratasys, leaving his earlier price target of $26 unchanged.

Stratasys, a manufacturer of 3D printers and 3D production systems, reported revenues of $167.6 million and EPS of $0.01, as compared to the company’s previous estimates of $167 million and $0.00 respectively, and analyst estimates of $172.9 million and $0.02 respectively. The reported revenue figure marks an 18% year-over-year decrease.

Burleson attributes the fall in revenue to lower-than-expected unit sales of MarketBot, the 3D printing company acquired by Stratasys in 2013, and overall market challenges faced by the company during the quarter. The analyst also highlights that third quarter gross margins of 50.8% dropped from the 58.4% experienced last year. The key reason behind this decrease was “an unfavorable product mix with...