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News Breaks | | | | March 4, 2013 | | 10:40 EDT |  | SSYS, DDD, XONE | 3D printer makers advance following results, initiations
3D printer makers Stratasys (SSYS) and ExOne (XONE) are climbing after Stratasys reported stronger than expected fourth quarter results and several research firms issued favorable notes on ExOne. Stratasys reported quarterly results that beat expectations on both the top and bottom line and also provided a view of fiscal 2013 adjusted earnings per share of $1.80-$1.95, versus the consensus estimate of $1.86. Its fiscal 2013 revenue guidance beat expectations, coming in at $430M-$445M, versus the consensus estimate of $421M. "Our financial results reflect the strong demand for our products driven by the rapidly growing interest in additive manufacturing worldwide, as more companies are recognizing how our technology can reshape the way their products are designed and manufactured," said Stratasys CEO David Reis. Meanwhile, in a note to investors earlier today, BB&T analyst Holden Lewis initiated coverage of peer ExOne with a Buy rating. Plastic-based 3D printing is more common than metal based printing, and ExOne's metal-based printing business should drive accelerating adoption and growth, Lewis wrote. The company's expansion into new materials and geographic markets, along with its outlook for strong operating leverage, should enable it to generate strong profits, Lewis believes. Similarly, FBR Capital analyst Ajay Kejriwal initiated coverage of ExOne with an Outperform rating, as he likes the company's unique position as a metals-based printer. ExOne's growth is on the verge of accelerating as adoption of the company's technology increases, according to Kejriwal. Ongoing improvements in ExOne's technology should boost the stock, added the analyst, who has a $32 price target on the shares. Separately, Stephens also initiated the stock with an Overweight rating. In mid-morning trading, Stratasys rose $4.70, or 7.30%, to $69, while ExOne rose 75c, or 3%, to $27.18. | |
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News For SSYS;XONE;DDD From The Last 14 Days Check below for free stories on SSYS;XONE;DDD the last two weeks. |
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| May 21, 2013 | | 16:52 EDT | | DDD | 3D Systems stockholders approve increase in shares of common stock
3D Systems announced that, at its annual meeting, its stockholders approved an amendment to its Certificate of Incorporation to increase the authorized number of shares of Common Stock from 120M to 220M. | | | 11:40 EDT |  | SSYS | Stratasys to host investor day
 Subscribe for More Information | | | 10:56 EDT |  | DDD | 3D Systems price target raised to $52 from $42 at Piper Jaffray
Piper Jaffray raised its price target for 3D Systems to reflect the company's acquisition of Rapid Product Development Group. The firm reiterates an Overweight rating on the stock. | | | May 20, 2013 | | 11:00 EDT | | DDD, XONE, SSYS | 3D printing companies rise after bullish analyst notes
Shares of 3D printing stocks are advancing after two analysts issued upbeat notes about a company in the sector, 3D Systems (DDD). WHAT'S NEW: A number of factors should cause 3D Systems' margins to rise, wrote Needham analyst James Ricchiuti in a note to investors earlier today. Meanwhile, demand for 3D Systems' products and services remains healthy, the analyst stated, adding that he is now more optimistic about the company's ability to beat earnings expectations going forward. Ricchiuti increased his price target on the stock to $52 from $42 and reiterated a Buy rating. Meanwhile, Maxim Group said it believes that 3D printing is in the early stages of adoption based on its review of a report on the sector. The firm raised its price target on 3D Systems to $54 from $44 and kept a Buy rating on the shares. PRICE ACTION: In mid-morning trading, 3D Systems rose 3.9% to $48.50, Stratasys (SSYS) climbed 4.2% to $91.70, and ExOne (XONE) gained 4.5% to $42.40. | | | 09:25 EDT | | DDD | 3D Systems price target raisede to $52 from $42 at Needham
Needham is more optimistic regarding 3D Systems earnings potential following the acquisition of Rapid Product Development Group combined with further margin expansion. Shares are Buy rated. | | | 08:18 EDT | | DDD | 3D Systems price target raised to $54 from $44 at Maxim
Maxim raised its price target for 3D Systems saying additive fabrication is in early stages of technology adoption. The firm keeps a Buy rating on the stock. | | | May 16, 2013 | | 10:03 EDT |  | SSYS, DDD | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 10:02 EDT | | DDD, SSYS, XONE | William Blair gets cautious on 3D printer stocks after rally
Subscribe for More Information | | | 06:07 EDT | | SSYS, DDD | Stratasys downgraded to Underperform from Market Perform at William Blair
William Blair downgraded both 3D Systems (DDD) and Stratasys (SSYS) to Underperform citing valuations and unreasonable growth expectations. | | | 06:06 EDT | | DDD, SSYS | 3D Systems downgraded to Underperform from Market Perform at William Blair
Subscribe for More Information | | | | May 15, 2013 | | 12:28 EDT |  | XONE | On The Fly: Midday Wrap
Subscribe for More Information | | | 12:00 EDT |  | XONE | ExOne falls 10.3%
Subscribe for More Information | | | 10:07 EDT | | SSYS, XONE, DDD | 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. | | | 09:19 EDT | | DDD, SSYS, XONE | On The Fly: Pre-market Movers
Subscribe for More Information | | | 09:00 EDT | | XONE | ExOne falls 9.6%
ExOne is down 9.6%, or $4.65, to $43.95 | | | 05:56 EDT |  | DDD | Stocks with implied volatility movement; SNE DDD
Subscribe for More Information | | | May 14, 2013 | | 18:59 EDT | | XONE | On The Fly: After Hours Movers
Subscribe for More Information | | | 16:58 EDT |  | XONE | ExOne backs FY13 revenue guidance of $48M-$52M, consensus $53.25M
Subscribe for More Information | | | 16:56 EDT | | XONE | ExOne reports Q1 EPS (20c), consensus (11c)
Subscribe for More Information | | | 15:30 EDT | | XONE | Notable companies reporting after market close
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