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January 28, 2013
14:20 EDTSSYS, DDD3D printer makers tumble after competitor announces IPO
Three-dimensional printer makers 3D Systems (DDD) and Stratasys (SSYS) are falling after a third company in the space disclosed in a regulatory filing earlier today that it would carry out an initial public offering, or IPO. ExOne, which sells 3D printers to industrial customers, stated that it expects to trade on Nasdaq under the symbol XONE. The IPO price will be $14-$16, the company added. In addition, an article on Seeking Alpha by one of the website’s contributors may also be weighing on shares of 3D Systems and Stratasys. The article compared 3D systems to a 1990s tech bubble stock and noted that it has several competitors in the 3D printing space. In mid-afternoon trading, 3D Systems plunged 12% to $60.59 while Stratasys sank 10% to $78.48.
News For DDD;SSYS From The Last 14 Days
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September 30, 2015
09:47 EDTSSYSStratasys management to meet with Oppenheimer
Group luncheon to be held in New York on October 6 hosted by Oppenheimer.
September 24, 2015
09:36 EDTSSYSGabelli continues to believe Stratasys is a strategic fit for Hewlett-Packard
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September 22, 2015
10:01 EDTSSYSHP acquisition of Stratasys would make sense, says Jefferies
Jefferies noted that HP (HPQ) management, during the company's recent analyst meeting, said they were looking to partner with or acquire a 3D printing company. Analyst Jason North believes a larger acquisition is most attractive, as it would speed HP's time to the market by 1-2 years as the company acquires a sales channel. North said Stratasys (SSYS) makes the most sense given its strong reseller network, FDM jetting, stereolithography and direct metal laser sintering potential, and other technologies. The firm rates Stratasys a Buy with a $44 price target on shares.

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