According to the law firm press release, Stratasys Ltd. manufactures three-dimensional printers and describes itself as a leading global provider of additive manufacturing solutions. The Company’s products are used by designers, engineers, and manufacturers to visualize, verify, and communicate product designs.

The Complaint alleges that during the Class Period, Defendants issued false and misleading statements and/or failed to disclose adverse facts about the Company’s business and future prospects. Specifically, during the Class Period Defendants repeatedly issued positive statements regarding the Company’s recently acquired subsidiary MakerBot and its products and significantly raised the Company’s 2014 financial guidance. As a result of these false and misleading statements and omissions, Stratasys stock traded at artificially inflated prices throughout the Class Period, reaching a high of $129.28 in September 2014 and allowing the Company to complete two stock offerings which netted the selling shareholders more than $230 million.

Then, on February 2, 2015, Stratasys announced that its fourth quarter fiscal 2014 revenue would miss analysts’ expectations, largely based on problems with its MakerBot subsidiary. The Company also revealed that it was taking a $100 million to $110 million impairment charge to the goodwill value of the recently acquired MakerBot subsidiary, pointing to slower growth of MakerBot products and services revenue. Stratasys also announced that revenue for the full year 2014 would be between $748 million and $750 million, lower than the $764 million analysts had been modeling and below prior guidance of $750 million to $770 million. For 2015, the Company announced that it expected revenues of $940 million to $960 million, also short of market expectations of $1 billion. The reduced forecast implied slower organic growth.

On this news of the Company’s unexpected earnings miss, weak forecast, impairment charge, and newly revealed problems with MakerBot, the price of Stratasys common stock dropped. After closing at $80.08 per share on February 2, 2015, the stock opened trading at $57.00 per share on February 3, 2015, ultimately falling $22.72 per share – or 28% – to close at $57.36 per share as numerous analysts downgraded their ratings of Stratasys stock.

On June 30, 2016, the Court issued an Order granting Defendants' Motion to Dismiss with prejudice.