William Blair Notes Stratasys (SSYS) is Open to Selling Lower-Cost Systems

Stratasys (Nasdaq: SSYS) ended Thursday's session on a positive note following notes issued from the William Blair & Company's 33rd Annual Growth Stock Conference, which happened on June 12th.

William Blair analyst Brian Drab noted the following key points from the presentation:

• Guidance for FY13 was reaffirmed. Stratasys sees revs of $430 million to $445 million and adjusted EPS of $1.80 to $1.95;
  
  
• No update was given for the status of cross-training reseller sales;
  
  
• Drab noted that Stratasys has cross-trained 112 resellers to-date, which represent 54 percent of deals and 80 percent of revs;
  
  
• Stratasys is open to selling systems at all price points. The company's lowest-priced printer is $9,000.

Drab is looking for Q2 revs to increase 15 percent to $102 million, "driven by 13 percent growth in product revenue and 25 percent growth in services revenue." Adjusted operating margin is expected to expand 80 basis points to 20.5 percent with adjusted EPS coming in at $0.45.

The firm has Stratasys at Underperform.

For an analyst ratings summary and ratings history on Stratasys Inc. click here. For more ratings news on Stratasys Inc. click here.

Shares of Stratasys Inc. closed at $81.81 yesterday.

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