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Stock Market & Financial Investment News

News Breaks
August 1, 2014
11:12 EDTDDD, SSYS, XONE, VJET3D 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
Check below for free stories on DDD;SSYS;XONE;VJET the last two weeks.
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September 19, 2014
10:21 EDTDDD3D Systems shares compelling into quarter's end, says Canaccord
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September 17, 2014
17:09 EDTXONENovel Century Ventures reduces passive stake in ExOne to 9.68% from 15.46%
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September 16, 2014
08:05 EDTSSYSStratasys to acquire GrabCAD, terms not disclosed
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September 11, 2014
11:58 EDTDDDStocks with call strike movement; DDD GILD
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07:29 EDTXONEDeutsche Bank to hold a conference
Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 11 at 10:30 am; not all company presentations may be webcasted. Webcast Link
September 10, 2014
10:05 EDTDDD3D Systems call activity attributed to takeover speculation
3D Systems September weekly 52 and 53 calls are active on total call volume of 5,600 contracts (300 puts) on renewed takeover speculation. September weekly call option implied volatility is at 46, September is at 34, October is at 33, November is at 31; compared to its 26-week average of 47 according to Track Data. Active call volume suggests traders taking positions for price movement.
09:59 EDTDDDRumor: 3D Systems strength attributed to takeover speculation
September 9, 2014
08:29 EDTSSYSStratasys outlook has improved, says RBC Capital
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08:09 EDTSSYSStratasys analyst day supports bullish view, says Brean Capital
Brean Capital remains buyers of Stratasys following its analyst day, as the firm sees earnings and revenue guidance supporting the stock and noted management is taking a very disciplined approach to the prospect of adding metals capability to its systems offering. Brean has a Buy rating with a $140 price target on Stratasys.
08:08 EDTSSYSStratasys addressed concerns at Analyst Day, says Pacific Crest
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07:53 EDTSSYSStratasys analyst meeting leads to more bullishness, says UBS
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06:36 EDTSSYSStratasys recent sales momentum sustainable, says Piper Jaffray
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