New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 1, 2014
11:12 EDTXONE, SSYS, VJET, DDD3D Systems falls for second day after analysts get more bearish
Shares of 3D printer maker 3D Systems (DDD) are falling for a second straight session after the company reported weaker than expected results yesterday and a number of analysts issued pessimistic notes about the company today. WHAT'S NEW: A number of analysts downgraded 3D Systems today. Piper Jaffray analyst Troy Jensen downgraded his rating on the stock to Neutral from Overweight, stating that the slowdown in the company's sales of systems and materials, along with the increasing inventories of its products at channel partners, makes him more cautious. The analyst, however, added that he still believes that the 3D printing and additive manufacturing industry is likely to continue to grow at a rate of 25% or higher. Also downgrading 3D Systems was Citigroup analyst Kenneth Wong, who cut his rating on the shares to Neutral from Buy. The company's pricing and product mix were weak last quarter, while competitive pressures are beginning to negatively impact the sales of 3D Systems' older products, Wong believes. Additionally, the company's gross margin came in at 48%, below Wong's forecast of 52%, the analyst noted. 3D Systems has become a "show me stock" and the company will have difficulty meeting its full-year guidance, according to Wong, who cut his price target on the shares to $50 from $60. Brian Drab, an analyst at William Blair, believes that 3D Systems will not be able to meet its 2014 revenue guidance while its full-year operating margin guidance is also aggressive. Moreover, the market's expectations for the 3D printer sector remain too high and 3D Systems' stock is overvalued, Drab contended. He believes that the stock is worth about $10-$15 and kept an Underperform rating on the shares. PRICE ACTION In late morning trading, 3D Systems fell 3.6% to $48.31. The stock is down 11.5% over the last two sessions. Other 3D printer makers also fell, with Stratasys (SSYS) losing 3.4% today to $97.20, ExOne (XONE) declining 2.7% to $31.82, and Voxeljet (VJET) falling 4.9% to $17.15.
News For DDD;SSYS;XONE;VJET From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
February 27, 2015
10:24 EDTDDD3D Systems adds Impression Solutions as consumer products distributor
Subscribe for More Information
09:53 EDTDDD3D Systems, Canon announce UK distribution agreement
Subscribe for More Information
07:13 EDTDDD3D Systems price target lowered to $33 from $43 at Deutsche Bank
Deutsche Bank lowered its price target for shares of 3D Systems to $33 after currency and "weak" channel performance drive a miss in Q4. Deutsche sees 3D as a "show me story" in the near-term and keeps a Hold rating on the name.
February 26, 2015
09:25 EDTDDDOn The Fly: Pre-market Movers
Subscribe for More Information
08:05 EDTDDD3D Systems sees FY15 EPS 90c-$1.10, consensus $1.02
Sees FY15 revenue $850M-$900M, consensus $873.2M.
08:03 EDTDDD3D Systems reports Q4 EPS 21c, consensus 25c
Subscribe for More Information
February 25, 2015
15:23 EDTDDDEarnings Preview: 3D Systems down almost 19% over last three months
3D Systems (DDD) is scheduled to report fourth quarter earnings before the open on Thursday, February 26, with a conference call scheduled for 8:30 am ET. 3D Systems is a provider of three-dimensional content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers. EXPECTATIONS: Analysts are looking for earnings per share of 25c on revenue of $202.32M, according to First Call. The consensus range for EPS is 20c-31c on revenue of $190.0M-$208.8M. LAST QUARTER: 3D Systems reported third quarter EPS of 18c on revenue of $166.9M, beating a bottom-line consensus of 17c and slightly missing on the top-line consensus of $167.71M. At that time, 3D Systems reiterated its fiscal year 2014 EPS view of 70c-80c and FY14 revenue view of $650M-$690M. NEWS: On November 24, 2014, 3D Systems announced it would acquire Cimatron for $8.97 per share, or approximately $97M, inclusive of its net cash. The transaction closed on February 9. The transaction is expected to be accretive to 3D Systems' cash generation and non-GAAP earnings per share for FY15. STREET RESEARCH: On February 15, Barron's said that 3D Systems could fall to $15 per share. On February 18, Oppenheimer said Barron's was wrong on 3D printing stocks, saying the bearish article on 3D printers was "mostly a victory lap" that contained little new information. The firm added that the sector's fundamentals are positive, while the stocks' valuations are no longer excessive, and it contends that Barron's has stayed bearish on the sector for too long. Oppenheimer kept an Outperform rating on 3D Systems. PRICE ACTION: 3D Systems shares are down almost 19% over the last three months, including a 2.5% drop to about $30 per share in Wednesday trading ahead of Thursday morning's earnings report.
15:05 EDTDDDNotable companies reporting before tomorrow's open
Subscribe for More Information
10:04 EDTSSYSStratasys volatility into Q4 and outlook
Subscribe for More Information
February 24, 2015
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
Subscribe for More Information
February 20, 2015
05:20 EDTDDD3D Systems implied volatility of 68 at upper end of index mean range
Subscribe for More Information
February 19, 2015
10:12 EDTDDD3D Systems price target lowered to $36 from $42 at Imperial Capital
Imperial Capital lowered its price target for 3D Systems shares to $36 ahead of the company's Q4 results but keeps an Outperform rating on the name. The firm views lower organic growth rates and declining margins as near-term headwinds.
07:37 EDTSSYSStratasys core business remains solid, says Canaccord
Subscribe for More Information
05:35 EDTDDD3D Systems implied volatility of 73 at upper end of index mean range
Subscribe for More Information
February 18, 2015
16:04 EDTXONEExOne announces six new printable materials for use in 3D printing systems
ExOne announced that six additional materials are now printable in the company's printing systems: Cobalt-Chrome, IN Alloy 718, Iron-Chrome-Aluminum, 17-4 Stainless Steel, 316 Stainless Steel and Tungsten Carbide. Using ExOne's printing systems – including the M-Flex and recently introduced Innovent– customers interested in 3D printing materials for their own product development are afforded the opportunity to utilize the wide variety of new materials, each offering unique properties and uses. These qualified materials are distinguishable from printable materials in that they are commercially available for sale in industrial densities or for finished products printed at an ExOne PSC. ExOne manufactures and sells direct and indirect printing systems as well as printable and qualified materials, binder, cleaner and other consumables for use in its machines.
11:54 EDTVJET, SSYS, DDD, XONEAnalyst says Barron's thesis on 3D printing stocks outdated
Subscribe for More Information
08:04 EDTSSYS, DDD, XONEBarron's wrong on 3D printing stocks, says Oppenheimer
Subscribe for More Information
06:43 EDTDDD3D Systems volatility increases into Q4 and outlook
3D Systems February call option implied volatility is at 78, February weekly is at 99, March is 76, May is at is at 52; compared to its 26-week average of 47 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on February 26.
05:59 EDTDDD3D Systems implied volatility of 71 at upper end of index mean range
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use