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Stock Market & Financial Investment News

News Breaks
August 7, 2014
11:05 EDTXONE, SSYS, MTLS, DDD3D printer makers advance after Stratasys' beat and raise report
Shares of 3D printer makers are climbing after one of the companies in the sector, Stratasys (SSYS), reported stronger than expected second quarter results and raised its guidance. WHAT'S NEW: This morning, Stratasys reported Q2 earnings per share of 55c, versus analysts' consensus estimate of 45c. The company's revenue came in at $178.5M, versus the consensus outlook of $156.6M. Moreover, Stratasys increased its fiscal 2014 EPS guidance to $2.25-$2.35 from $2.15-$2.25. Analysts' consensus estimate was $2.20. The 3D printer maker hiked its full-year revenue guidance to $750M-$770M from $660M-$680M, versus the consensus outlook of $685M. "We expect our positive momentum to continue as we begin 2H14. Reflecting our favorable outlook, we are increasing our projection for organic revenue growth in 2014 to at least 30%, and we are raising our financial guidance accordingly," Staratasys stated. ANALYST REACTION: In a note to investors, Piper Jaffray analyst Troy Jensen wrote that Stratasys' results were "solid." The analyst continues to believe that the 3D printing space offers one of the best growth opportunities of any sector. Jensen recommended that investors be exposed to the sector. He kept an Overweight rating on Stratasys, but continues to recommend that investors avoid another name in the sector, 3D Systems (DDD). A third 3D printer maker, Materialise (MTLS), "could be really interesting," according to Jensen. PRICE ACTION: In mid-morning trading, Stratsys surged 20% to $118.57. Meanwhile, 3D Systems gained 3.5% to $49.44, Materialise rose 6.5% to $12.11 and another 3D printer maker, ExOne (XONE), gained 8.3% to $32.39.
News For SSYS;DDD;MTLS;XONE From The Last 14 Days
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July 31, 2015
09:25 EDTSSYSOn The Fly: Pre-market Movers
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07:39 EDTSSYS, DDDStratasys price target lowered to $30 from $40 at Stephens
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07:25 EDTSSYSStratasys downgraded to Sell from Neutral at UBS
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05:35 EDTSSYS, DDDStratasys upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Troy Jensen upgraded Stratasys (DDD) to Overweight following yesterday's post-earnings pullback in shares. The 3D printing industry will return to more normalized grow rates in 2016 and Stratasys will grow faster than the market, Jensen tells investors in a research note. Despite lowering his near-term earnings and revenue assumptions, the analyst remains upbeat regarding the longer-term outlook for both the industry and the company. He lowered his price target for shares to $39 from $42. Stratasys closed yesterday down $3.82 to $32.67. Other names in the 3D printing space also dropped yesterday after Stratasys reported Q2 results and withdrew its 2015 outlook. The company's peers include 3D Systems (DDD) and voxeljet (VJET).
July 30, 2015
18:13 EDTDDD, SSYSOn The Fly: Top stock stories for Thursday
The market began the session in negative territory following the release of second quarter GDP data below economists' estimates. Continuing this morning's slow start, the indexes churned in negative territory for the first half of the day before turning mixed near noon. The Dow and S&P generally lagged behind the Nasdaq, with the S&P narrowly edging into positive territory by session close. ECONOMIC EVENTS: In the U.S., gross domestic product was estimated to have grown at a 2.3% annualized rate in the second quarter, though expectations were for GDP growth of 2.7%. The government also upwardly revised its estimate of first quarter GDP growth to 0.6% from a prior estimate of 0.2% contraction in the period. Initial jobless claims rose 12,000 to 267,000 in the week ended July 25, which was a bit below the expected 270,000 first-time claims. COMPANY NEWS: Facebook (FB) reported earnings and revenues last night that topped expectations, but its shares slid $1.78, or 1.84%, to $95.21 as the social network's growth in daily averages users fell a bit short of the consensus forecast and may have missed the high, "whisper" expectations for its report... Shares of Whole Foods (WFM) sunk 11.61% to $36.08 and hit a 52-week low of $35.57 during the session after the company reported weaker than expected results and provided lower than expected profit guidance. Several analysts downgraded shares of the organic foods grocer in the wake of its quarterly report and outlook. MAJOR MOVERS: Among the notable gainers was T-Mobile (TMUS), which advanced $1.82, or 4.91%, to $38.86 after handily beating analyst estimates and raising its outlook for yearly net customer additions forecast. Also higher following their earnings reports were Mondelez (MDLZ) and WWE (WWE), gaining a respective 5.03% and 17.48%. Among the noteworthy losers was Stratasys (SSYS), which fell $3.82, or 10.47%, to $32.67 after the company rescinded its fiscal year guidance, citing a lack of visibility on growth in the market. The news built on continued fears of overcapacity in the sector, leading to session losses for numerous 3D printer stocks, including an 8.94% drop for peer 3D Systems (DDD). Also lower was Qorvo (QRVO), which declined $9.99, or 14.17%, to $60.49 after its second quarter guidance significantly trailed analyst estimates, after which the stock saw price target reductions from BMO and Brean. Additionally, LinnCo (LNCO) declined $1.83, or 29.33%, to $4.41 after parent company Linn Energy (LINE) announced plans to suspend dividends and reserve roughly $450M from annualized distributions, which saw Linn also slipping 26.32% to $4.76. INDEXES: The Dow fell 5.41, or 0.03%, to 17,745.98, the Nasdaq gained 17.05, or 0.33%, to 5,128.79, and the S&P 500 advanced 0.06, or 0.00%%, to 2,108.63.
16:32 EDTSSYSStratasys downgraded to Underperform from Neutral at BofA/Merrill
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13:03 EDTXONE, SSYS, DDDStratasys pulls 3D printing sector lower after retracting guidance
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10:38 EDTDDD, SSYSStratasys growth to return after inventory workdown, says Piper Jaffray
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09:25 EDTSSYSOn The Fly: Pre-market Movers
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07:02 EDTSSYSStratasys sees Q3 non-GAAP EPS 3c-13c, consensus 47c
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07:01 EDTSSYSStratasys withdraws FY15 guidance
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06:58 EDTSSYSStratasys reports Q2 non-GAAP EPS 15c, consensus 15c
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July 29, 2015
10:00 EDTDDDOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 3D Systems (DDD) upgraded to Neutral from Underperform at Longbow... AK Steel (AKS) upgraded to Outperform from Neutral at Macquarie... Ally Financial (ALLY) upgraded to Outperform from Neutral at Credit Suisse... Amazon.com (AMZN) upgraded to Buy from Hold at Stifel... Arrow Electronics (ARW) upgraded to Buy from Underperform at CLSA... Beacon Roofing (BECN) upgraded to Buy from Neutral at CL King... Citrix (CTXS) upgraded to Outperform at Baird... Commvault (CVLT) upgraded to Buy from Hold at Jefferies... FireEye (FEYE) upgraded on positive checks, business mdoel changes at Oppenheimer... Hibbett Sports (HIBB) upgraded to Neutral from Underperform at Sterne Agee CRT... Integra LifeSciences (IART) upgraded to Outperform at Raymond James... M/A-COM (MTSI) upgraded to Buy from Hold at Needham... Norsk Hydro (NHYDY) upgraded to Neutral from Underperform at Exane BNP Paribas... NuVasive (NUVA) upgraded to Outperform from Market Perform at Northland... SM Energy (SM) upgraded to Outperform from Market Perform at Raymond James... Scorpio Bulkers (SALT) upgraded to Buy from Hold at Deutsche Bank... Sirius XM (SIRI) upgraded to Buy from Hold at Wunderlich... Sprouts Farmers Markets (SFM) upgraded to Neutral from Underperform at Longbow... Supervalu (SVU) upgraded to Equal Weight from Underweight at Morgan Stanley... Waters (WAT) upgraded to Outperform from Market Perform at Wells Fargo... Wells Fargo (WFC) upgraded to Buy from Neutral at Guggenheim... Williams-Sonoma (WSM) upgraded to Overweight from Neutral at JPMorgan... YRC Worldwide (YRCW) upgraded to Strong Buy at Raymond James.
07:57 EDTSSYSCanaccord remains cautious on Stratasys heading into Q2 results
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06:16 EDTDDD3D Systems upgraded to Neutral from Underperform at Longbow
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July 28, 2015
08:17 EDTMTLSMaterialise announces collaboration with Lima Corporate
Materialise announced the signing of an agreement with Lima Corporate for the use of surgical guides for partial knee implants. Materialise offers a solution consisting of easy-to-use 3D surgical planning software and patient-specific surgical guides for knee surgery, allowing surgeons to efficiently and accurately plan knee surgeries based on the patient's unique anatomy and structural damage. Based on that pre-operative plan, patient-specific guides are designed and 3D printed for use during surgery. Lima Corporate will now offer this solution to its surgeons with respect to the unicondylar knee system that it recently acquired from Zimmer.
07:50 EDTDDD, SSYSJefferies cuts price targets in 3D printing space after survey
After surveying 30 resellers in the 3D printing space, Jefferies analyst Jason North cut his price target for 3D Systems (DDD) to $14 from $22 and Stratasys (SSYS) to $50 from $60. A key investor discussion is when or if the industry will return to 20% growth, North writes in a research note. His survey indicates Q4 as the most likely time frame for Stratasys and later, if ever, for 3D Systems. The survey suggests weak Q2 results and a "muted" rebound in Q3, North tells investors. He prefers shares of Arcam (AMAVF) and Stratasys, both of which are Buy rated, to Hold-rated 3D Systems and Proto Labs (PRLB).
July 27, 2015
11:37 EDTSSYSStratasys upgraded to Buy with $45 price target at Dougherty
Before the open, Dougherty analyst Andrea James upgraded Stratasys (SSYS) to Buy from Neutral and set a $45 price target on the stock, noting that the firm's North American channel checks indicate the sales climate has improved since the stock was downgraded in April. James also said that the pullback in the stock over that time frame leaves it trading at a "historically low P/E multiple" and that the firm believes HP (HPQ) will compete more directly with others in the 3D space than it will with Stratasys.
08:11 EDTMTLSMaterialise signs five-year partnership agreement with Japan Medical Dynamic
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July 23, 2015
10:24 EDTDDDZVerse announces strategic partnership and commercial agreement with 3D Systems
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