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Stock Market & Financial Investment News

News Breaks
July 2, 2014
10:24 EDTXONE, DDD, VJET, SSYSCiti skeptical about 3D Systems takeover speculation
3D printer maker 3D Systems (DDD) surged yesterday following Bloomberg reporting that the company had canceled a tentative appearance at a conference, leading to speculation that it could be a takeover target, but Citigroup said today that the company probably wouldn't be acquired. Other 3D printer makers also rallied in the wake of the Bloomberg report. BACKGROUND: 3D Systems yesterday canceled a tentative appearance at an August conference sponsored by research firm Pacific Crest, Bloomberg reported. The company reportedly elected not to appear at the conference due to scheduling conflicts that its management had. WHAT'S NEW: In light of its $7B market cap, 3D Systems is not a realistic takeover target, Citi analyst Kenneth Wong wrote in a note to investors earlier today. Other factors also contributed to the stock's rally yesterday, the analyst stated. 3D Systems' announcement of a date for its second quarter earnings report yesterday likely eliminated any risk of a negative pre-announcement by the company, Wong wrote. The stock was likely also boosted by positive news about 3D bio-printing, the analyst stated. Bio-printing is several years away and the sector's rally was "a bit too extreme," even though positive sentiment about the removal of risk from 3D Systems' results is understandable, Wong believes. He kept a Neutral rating on 3D Systems. WHAT'S NOTABLE: Both Wong and JPMorgan analyst Paul Coster were more upbeat today about another major company in the sector, Stratasys (SSYS). Coster raised his price target on the name to $138 from $104. He believes that 3D Systems is trading at a significant premium to Stratasys and he kept an Overweight rating on Stratasys and a Neutral rating on 3D Systems. Similarly, Wong wrote that the rally in Stratasys' stock last month was steadier and more sustainable than the surge experienced by 3D Systems. He identified Stratasys as his top pick in the sector and kept a Buy rating on the shares. PRICE ACTION: In early trading, 3D Systems lost 2% to $62.18, while Stratasys rose 0.4% to $116.66. Other companies in the sector fell like 3D Systems, with Voxeljet (VJET) falling 4% to $24.87 and ExOne (XONE) dropping 3% to $43.59.
News For DDD;SSYS;VJET;XONE From The Last 14 Days
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April 21, 2015
07:09 EDTSSYSMakerBot's Thingverse, 3D Hubs announce new partnership
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06:49 EDTDDD, SSYSResellers remain unhappy with 3D Systems, says Piper Jaffray
After surveying 62 3D printing resellers and service bureau operators, Piper Jaffray thinks the printing industry experienced a "modest downtick" in Q1 with "much more aggressive sales tactics" and "creative financing" used at the end of the quarter. Regarding Stratasys (SSYS), Piper's feedback did not point to above plan results as was the case in previous quarters. Regarding 3D Systems (DDD), Piper's survey indicated demand was "once again poor" with resellers still unhappy over the company’s channel management and product demand. Piper thinks Stratasys can match consensus estimates for Q1, but no longer views its guidance as conservative. The firm keeps a Neutral rating on both Stratasys and 3D Systems. Its Overweight rated names in the space are Materialise (MTLS) and Proto Labs (PRLB).
April 15, 2015
07:30 EDTSSYSStratasys price target lowered to $82 from $100 at Canaccord
Canaccord lowered its price target on Stratasys to $82 from $100 to reflect a more back-end loaded year driven by lengthening sales cycles at resellers, a challenging integration effort for digital manufacturing, and a less likely imminent recovery for MakerBot. Canaccord maintains its Buy rating on Stratasys.
April 13, 2015
06:00 EDTDDDStocks with implied volatility above IV index mean; DDD HOT
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April 10, 2015
16:18 EDTXONEExOne files $150M mixed securities shelf
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05:52 EDTDDDStocks with implied volatility above IV index mean; DDD HOT
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April 7, 2015
05:57 EDTDDDStocks with implied volatility above IV index mean; CMG DDD
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