Stratasys Triggers a Sell-off with 2019 Guidance and 4Q Results
No-moat Stratasys triggered a sell off with fourth-quarter results and discouraging 2019 guidance. Its full-year outlook featured underwhelming revenue expectations of $670 million to $700 million (flat to up 6% versus 2018), and marginal growth in the first half of 2019 after accounting for divestitures. We lowered our full-year top-line growth for 2019 to 2%, from 3%, on expectations that legacy products will continue underperforming until new product launches in 2020 kickstart growth. That sa...
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