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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
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October 22, 2014
12:50 EDTDDD3D Systems downgraded to Hold from Buy at Deutsche Bank
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12:09 EDTDDDOn The Fly: Midday Wrap
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10:09 EDTSSYS, XONE, DDDOn The Fly: Analyst Initiation Summary
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09:55 EDTDDD3D Systems tumbles after results, levels to watch
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09:21 EDTDDDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 3.7%... iRobot (IRBT), up 12%... Six Flags (SIX), up 13%... GlaxoSmithKline (GSK), up 2%... Broadcom (BRCM), up 7%... Boston Scientific (BSX), up 4.3%... Abbott (ABT), up 1.8%... Yahoo! (YHOO), up 6%. ALSO HIGHER: Blue Earth (BBLU), up 26.4% after CEO says statements in Seeking Alpha blog are "false and misleading."... GW Pharmaceuticals (GWPH), up 5.4% after Epidiolex receives orphan designation from EMA. DOWN AFTER EARNINGS: 3D Systems (DDD), down 15%... Biogen (BIIB), down 7%... Lumber Liquidators (LL), down 13.4%... Norfolk Southern (NSC), down 3%... Angie's List (ANGI), down 8.8%. ALSO LOWER: Nanosphere (NSPH), down 33% after filing secondary, reporting preliminary Q3 revenue... Himax Technologies (HIMX), down 16% after announcing that Google (GOOG) will not exercise an additional investment option in the company... Cree (CREE), down 10.5%, downgraded at DA Davidson and Canaccord following the company's Q1 earnings results... Ocwen Financial (OCN), down 7% after downgraded to Hold at Evercore, downgraded to Neutral at BofA Merrill Lynch... VMware (VMW), down 7.8%, downgraded at Nomura and Raymond James following the company's Q3 results.
07:35 EDTDDD3D Systems down 10.7% after reporting preliminary Q3 results, FY14 guidance
07:34 EDTDDD3D Systems sees FY14 EPS 70c-80c, consensus 78c
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07:33 EDTDDD3D Systems reports preliminary Q3 EPS 16c-19c, consensus 21c
Reports Q3 revenue $164M-$169M, consensus $186M. CEO Avi Reichental stated, "We are disappointed that we failed to fully capitalize on the robust demand for our direct metal and consumer products during the quarter. While we worked very hard to deliver these products sooner, achieving manufacturing scale, quality and user experience targets took significantly longer than we had anticipated. Now that we have closed these availability gaps, we expect our revenue growth rate to increase"
October 21, 2014
16:18 EDTDDD3D Systems initiated with an Outperform at Oppenheimer
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16:18 EDTXONEExOne initiated with an Outperform at Oppenheimer
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16:17 EDTSSYSStratasys initiated with a Perform at Oppenheimer
October 16, 2014
09:31 EDTDDD3D Systems downgraded to Equal Weight from Overweight at Stephens
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09:30 EDTSSYSStratasys upgraded to Overweight from Equal Weight at Stephens
October 15, 2014
07:32 EDTSSYS, DDDUBM Canon to hold a conference
PLASTEC Midwest Conference is being held in Chicago on October 15-16.
October 10, 2014
15:43 EDTXONEExOne August volatility increases on sharp rally
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