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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
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August 18, 2015
16:07 EDTXONEExOne to open new Production Service Center in Sweden
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10:07 EDTXONEHigh option volume stocks
High option volume stocks: CCOI XONE XDE OMER JMBA URBN W SCCO DKS ESPR FEYE W
August 14, 2015
11:16 EDTVJETPiper 'encouraged' by voxeljet Q2, reiterates Overweight
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