Stratasys Offered New Acquisition Bid, MongoDB Beats Estimates, Zumiez Falls Short: Market Update
- June 01st, 2023
- 293 views
Stratasys Ltd. (Nasdaq: SSYS) has received an unsolicited proposal from 3D Systems Corporation (NYSE: DDD) to acquire Stratasys for a combination of $7.50 in cash and 1.2507 newly issued shares of 3D Systems per ordinary share of Stratasys.
The Stratasys Board of Directors will meticulously review this proposal in compliance with its fiduciary duties and its obligations under the existing merger agreement with Desktop Metal, Inc. (NYSE: DM).
Following the announcement, $SSYS was trading at $15.68 in after-hours, up $1.11 (+7.62%)
MongoDB, Inc. (Nasdaq: MDB) reported better-than-expected non-GAAP EPS of $0.56 for the first quarter of fiscal 2024 compared to the consensus estimate of $0.19.
The Company also provided financial guidance for the second quarter and full year fiscal 2024, with the expectation of non-GAAP EPS in the ranges of $0.43 to $0.46 and $1.42 to $1.56, respectively. These figures surpass the consensus estimates of $0.14 and $1.03 for the respective periods.
In response to the positive earnings report, $MDB saw a significant surge in after-hours, currently trading at $357.01, up $63.05 (+21.45%).
Zumiez Inc. (Nasdaq: ZUMZ) reported a loss of $0.96 per share for the first quarter of fiscal 2023, slightly higher than the consensus estimate of a loss of $0.86 per share.
Following the earnings release, $ZUMZ experienced a decline of $0.89 (-5.67%), currently trading at $14.81 in after-hours
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