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Stock Market & Financial Investment News

News Breaks
January 9, 2014
13:51 EDTINTC, SSYS, VJET, DDD, HPQ, XONEAnalyst sees 3D printers moving closer to consumer adoption
With the launch of new, more affordable products this week, the 3D printing sector has moved closer to bringing about consumer adoption of its products, research firm Pacific Crest wrote. WHAT'S NEW: 3D printer makers made progress towards spurring consumer adoption of their products earlier this week at the Consumer Electronics Show, Pacific Crest analyst Weston Twigg wrote in a note to investors. But in the medium term consumer sales should remain relatively small, until prices drop further and the devices become simpler, the analyst believes. Nevertheless he expects the industry to grow at a 22% compound annual rate through 2020, driven by corporations. Not until 2017 will consumers begin buying 3D printer products in significant numbers, Twigg wrote. WHAT'S NOTABLE: The high valuation of the 3D printer stock is challenging, but the outlook for the industry is compelling, according to the analyst. Twigg identifies 3D Systems as his favorite name in the sector, but warns that the stock may not rise significantly in the near-term. Nonetheless he kept a Buy rating on the stock. He also has a Buy rating on another name in the sector, Stratasys (SSYS). Twigg kept a $96 price target on 3D Systems and a $145 price target on Stratasys. PRICE ACTION: In mid-afternoon trading, 3D Systems lost 0.6% to $95.56 but was above its earlier low point below $94. Similarly Stratasys lost 0.2% to $132.99 but was off its daily low. OTHERS TO WATCH: Other companies in the sector include ExOne (XONE) and Voxeljet (VJET). Intel (INTC) recently announced a partnership with 3D Systems and Hewlett-Packard (HPQ) has said that it is seeking to enter the 3D printing market.
News For DDD;SSYS;XONE;VJET;INTC;HPQ From The Last 14 Days
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February 24, 2015
17:34 EDTHPQHP sees FY15 free cash flow $3.5B-$4B
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16:11 EDTHPQHP lower by over 4% after reporting Q1 results, guidance
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16:10 EDTHPQHP personal systems revenue for Q1 was flat
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16:08 EDTHPQHP sees Q2 EPS 84c-88cc, consensus 96c
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16:08 EDTHPQHP lowers FY15 EPS view to $3.53-$3.73 from $3.83.-$4.03, consensus $3.95
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16:06 EDTHPQHP reports Q1 EPS 92c, consensus 91c
Reports Q1 revenue $26.8B, consensus $27.34B.
15:21 EDTHPQNotable companies reporting after market close
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13:46 EDTHPQHP technical notes before results
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13:35 EDTHPQHP February weekly 38 straddle priced for 4.6% movement into Q1
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12:47 EDTHPQEarnings Preview: HP reports with break-up inching closer
Hewlett-Packard (HPQ) is set to report first quarter earnings after the market close on Tuesday, February 24, with a conference call scheduled for 5:00 pm ET. Hewlett-Packard is an IT company that provides hardware, software, and business and enterprise solutions. In October of last year, HP announced plans to separate into two new publicly traded companies: one comprising HP's enterprise technology infrastructure, software and services businesses, which will do business as Hewlett-Packard Enterprise, and one that will comprise HP's personal systems and printing businesses, which will do business as HP Inc. EXPECTATIONS: Analysts are looking for earnings per share of 91c on revenue of $27.34B, according to First Call. The consensus range for EPS is 88c-95c on revenue of $27.01B-$27.92B. With its last earnings report, the company said it expects Q1 EPS of 89c-93c. HP has an FY15 EPS forecast of $3.83-$4.03, compared to a consensus estimate of $3.96. LAST QUARTER: On November 25, HP reported fourth quarter EPS of $1.06, matching the consensus estimate, on revenue of $28.4B, against a consensus estimate of $28.76B. HP said its Q4 personal systems revenue was up 4% from the prior year period, with total units up 5%, including Desktops units being down 2% and Notebooks units being up 8%. Enterprise Group revenue was down 4% year over year, with Industry Standard Servers revenue down 2%, Storage revenue down 8%, Business Critical Systems revenue down 29%, Networking revenue up 2% and Technology Services revenue down 3%. NEWS: On the day after HP's Q4 report, HP CEO Meg Whitman said in an interview on CNBC that the company will have a moratorium on acquisitions during 2015 as it readies for its split. Whitman also noted that the newly formed companies will have a supply chain agreement to ensure they do not lose leverage after their split. In mid January, research firm Gartner estimated that worldwide shipments of PCs increased 1% last quarter. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. Late last month, HP said it has been "working diligently to ensure that both HP Inc. and Hewlett-Packard Enterprise are set up for success" and announced Hewlett-Packard Enterprise will be headed by Meg Whitman as President and CEO and that HP Inc. will be led by Dion Weisler as President and CEO. STREET RESEARCH: On December 17, Citigroup analyst Jim Suva contended that sales of PCs will be at least flat next year, before growing slightly in 2016 and 2017. The firm identified HP as the best way to play better than expected PC sales. Suva raised his price target on HP shares to $46 from $40 and kept a Buy rating on the stock. Also at that time, Suva raised his price target on hard disk drive maker Western Digital (WDX) to $125 from $110 and on its competitor, Seagate (STX), to $74 from $70, as he noted that the companies obtain about 50% of their revenue from PCs. He kept Buy ratings on both names. On January 13, Pacific Crest downgraded HP to Sector Perform from Outperform, citing increased competition and the fact that a number of companies are buying integrated IT stacks and buying fewer individual servers and IT storage products. More recently, Wells Fargo said it believes that HP's Q1 results could exceed the consensus outlook, driven by PC share gains, strong server demand, and solid printing demand. The firm believes that currency issues may pressure the company's outlook, but it thinks that investors expect such a scenario. The firm reiterated an Outperform rating on the shares. PRICE ACTION: Over the last three months, shares of HP are up almost 2%. Near midday ahead of Tuesday's report, the stock was down fractionally near $38 per share.
11:02 EDTSSYSStratasys announces promotions within MakerBot unit
Stratasys announced the transitioning of key executives and expanding responsibilities within its MakerBot business. Jenny Lawton, chief executive officer of MakerBot, will be promoted to executive VP Special Projects for Stratasys and will report directly to CEO David Reis in his capacity as the company’s chief business officer. Jonathan Jaglom, general manager from Stratasys Asia Pacific Japan, will be promoted to chief executive officer of MakerBot.
08:15 EDTDDD3D Systems volatility elevated into Q4 and outlook
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06:54 EDTHPQTwo reshuffles in HP's cloud computing unit, Gigaom says
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06:36 EDTHPQHP obtains ten year outsourcing deal from Deutsche Bank, Reuters reports
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February 23, 2015
09:59 EDTINTCOn The Fly: Analyst Initiation Summary
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08:55 EDTHPQHP volatility elevated into Q1 and outlook
HP February weekly call option implied volatility is at 61, March is 30, April is at 28, August is at 27; compared to its 26-week average of 27 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on February 24.
08:46 EDTINTCIntel initiated with an Outperform at Exane BNP Paribas
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07:40 EDTHPQHP Q1 results could beat expectations, says Wells Fargo
Wells Fargo believes that HP's Q1 results could exceed the consensus outlook, driven by PC share gains, strong server demand, and solid printing demand The firm believes that currency issues may pressure the company's outlook, but it thinks that ivnestors expect such a scenario. The firm reiterates an Outperform rating on the shares.
February 20, 2015
07:27 EDTHPQHP volatility elevated into Q1 and growth outlook
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05:20 EDTDDD3D Systems implied volatility of 68 at upper end of index mean range
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