Piper Jaffray: Time To Buy Stratasys

After an extremely volatile three-year period in which the company’s share price witnessed a huge run-up and then a massive sell-off, Stratasys, Ltd. SSYS 1.9% is now once again a buy, according to Piper Jaffray analyst Troy Jensen. In a new report, Piper Jaffray upgrades Stratasys from Neutral to Overweight, and Jensen explains why he sees a bright long-term future for the 3D printing company.

Q2 Earnings

Stratasys recently reported Q2 revenue of $182.3 million, short of consensus expectations of $183.8 million. In its conference call, the company blamed challenging foreign macro environments, forex pressures and weak MakerBot demand for the lackluster quarter. MakerBot revenue fell 57 percent year-over-year in the quarter.

However, it wasn’t all bad news for Stratasys in Q2. Gross margins increased by 0.60 percent quarter-over-quarter to 54.7 percent on the strength of higher-end sales.

Segmental Performance

System revenue was…

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