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Stock Market & Financial Investment News

News Breaks
February 12, 2014
05:56 EDTVJETVoxeljet price target lowered to $38 from $55 at Citigroup
Citigroup expects Voxeljet's FY14 outlook to miss expectations given the likelihood of higher spending to drive growth amid an intensifying competitive environment. The firm lowered its earnings estimates and cut its price target for shares to $38 while keeping a Neutral rating on the stock.
News For VJET From The Last 14 Days
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February 2, 2016
17:04 EDTVJETvoxeljet sees FY16 revenue EUR28M-EUR30M, consensus EUR30.82M
FY16 gross margin is expected to be between 40%-42%. EBITDA is expected to be neutral-to-positive in 2016. Capital expenditures are projected to be in the range of EUR12M-13M, which primarily includes ongoing investments in global subsidiaries. Rudi Franz, CFO of voxeljet commented, "We enter 2016 with momentum as both customer interest and quoting activity remains strong and the outlook for 3D printer sales for industrial production applications is positive. Furthermore, while our long-term targeted revenue growth rate is now in the range of 25 to 30%, our overall growth strategy continues as we strengthen our brand and leadership in the market through the establishment of our global subsidiaries, which will contribute to our results progressively throughout the year. Our balance sheet remains strong with cash and cash equivalents of approximately 33.0 million Euros at December 31, 2015. We expect 2016 to be another exciting year for voxeljet."
11:34 EDTVJETvoxeljet management to meet with Stephens
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