NEW YORK, Feb. 3, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Stratasys Ltd. ("Stratasys" or the "Company") (NASDAQ: SSYS). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.
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 Stratasys fell $24.61 per share to $55.41, or more than 30.73%, in intraday trading on February 3, 2015.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP
