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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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October 6, 2015
12:29 EDTSSYSPrimecap reports 5.l5% passive stake in Stratasys
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09:01 EDTSSYSStratasys, Adobe partner to bring 3D printing to creative professionals
Stratasys Ltd. (SSYS) announced that they are partnering with Adobe (ADBE) to bring high quality, color 3D printing to creatives around the world. The announcement was made today in Los Angeles at Adobe MAX. The two companies are joining forces to eliminate the workflow and product barriers that prevent creative professionals from easily transforming their designs into vibrant and durable color 3D printed models. As the first step of this vision, starting immediately, Adobe Photoshop CC users will be able to send 3D files for production through Stratasys Direct Express.
October 5, 2015
09:05 EDTDDD3D Systems announces partnership with Penn State
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September 30, 2015
09:47 EDTSSYSStratasys management to meet with Oppenheimer
Group luncheon to be held in New York on October 6 hosted by Oppenheimer.
September 24, 2015
09:36 EDTSSYSGabelli continues to believe Stratasys is a strategic fit for Hewlett-Packard
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September 22, 2015
10:01 EDTSSYSHP acquisition of Stratasys would make sense, says Jefferies
Jefferies noted that HP (HPQ) management, during the company's recent analyst meeting, said they were looking to partner with or acquire a 3D printing company. Analyst Jason North believes a larger acquisition is most attractive, as it would speed HP's time to the market by 1-2 years as the company acquires a sales channel. North said Stratasys (SSYS) makes the most sense given its strong reseller network, FDM jetting, stereolithography and direct metal laser sintering potential, and other technologies. The firm rates Stratasys a Buy with a $44 price target on shares.
10:00 EDTXONEExOne management to meet with Canaccord
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