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News Breaks | | | | February 13, 2013 | | 14:58 EDT |  | PRLB | Proto Labs price target raised to $54 from $44 at Piper Jaffray
Piper Jaffray increased its target on Proto Labs after the company reported stronger than expected Q4 results. The firm expects the company to experience solid growth over the next several years and it maintains an Overweight rating on the stock. | |
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News For PRLB From The Last 14 Days Check below for free stories on PRLB the last two weeks. |
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| May 16, 2013 | | 10:02 EDT |  | PRLB | William Blair gets cautious on 3D printer stocks after rally
 Subscribe for More Information | | | May 15, 2013 | | 10:07 EDT | | PRLB | ExOne tumbles after reporting weaker than expected results
Shares of 3D printer maker ExOne (XONE) are sinking after the company reported weaker than expected results last night. WHAT'S NEW: ExOne's first quarter earnings per share loss was higher than expected, and its revenue was lower than expected. Weakness in Europe slowed purchasing decisions by ExOne's customers in that region, the company's CEO S. Kent Rockwell said in a statement. However, the company reiterated its fiscal 2013 revenue guidance of $48M-$52M, and noted that it has continued to grow its customer base for product parts made by 3D printers. ANALYST REACTION: In a note to investors, Canaccord analyst Bobby Burleson recommended that investors use any weakness in 3D printer makers 3D Systems (DDD) and Stratasys (SSYS) as buying opportunities. ExOne is focused on selling very expensive machines, and its customer base is much less diversified than those of Stratsys and 3D Systems, Burleson wrote. Its results are more volatile than those of Stratasys and 3D systems, according to the analyst, who kept Buy ratings on both 3D Systems and Stratasys. TODAY'S PRICE ACTION: In early trading, Stratasys rose 1.3% to $91.40, 3D Systems gained 1.6% to $49.65, and ExOne tumbled 10% to $43.55. Another company in the sector, Proto Labs (PRLB), gave back 3.15% to $55. | |
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