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Stock Market & Financial Investment News

News Breaks
March 20, 2014
10:54 EDTXONE, DDD, SSYS, ARCW3D printer makers fall after weaker than expected quarter from ExOne
Shares of 3D printer makers are falling after one of the names in the sector, ExOne (XONE), last night reported weaker than expected results. WHAT'S NEW: ExOne reported fourth quarter losses per share of 22c, compared with analysts' consensus forecast for a 4c per share profit. The company's revenue came in at $10.7M, missing the consensus outlook of $12.13M. ExOne provided fiscal 2014 revenue guidance of $55M-$60M, which was also below analysts' consensus estimate of $61.56M. The company said that its machine revenue fell 22% last quarter versus the same period a year earlier due to the type of machines it sold. On a positive note, however, ExOne sold 12 printing machines last quarter, up from eight during the previous quarter. ANALYST REACTION: In a note to investors earlier today, Brean Capital analyst Ananda Baruah recommended using today's weakness in 3D printing stocks 3D Systems (DDD), Stratasys (SSYS), and ARC Group (ARCW) as buying opportunities. ExOne's weaker than expected results do not reflect on demand for products from 3D Systems and ARC Group, Baruah wrote. Moreover, ExOne said that it had seen delays primarily for its higher end Sand core/mold printers, which are not an area of focus for 3D Systems, ARC Group, or Stratasys, the analyst believes. The number of metals printers sold by ExOne increased to five last quarter, up from two during the nine months before the fourth quarter. This upswing is slightly positive for 3D Systems and ARC Group, which are concentrating more on 3D metals printers, according to Baruah. The analyst reiterated Buy ratings on 3D Systems, Stratasys, and ARC Group. PRICE ACTION: In mid-morning trading, 3D Systems fell 2.8% to $60.90, Stratasys lost 1.3% to $114.74, ARC Group fell 2% to $30.75, and ExOne sank 9% to $39.75. Another name in the sector, Voxeljet (VJET), retreated 1.4% to $29.
News For XONE;DDD;SSYS;ARCW From The Last 14 Days
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October 29, 2014
06:41 EDTSSYSStratasys Q3 should 'comfortably exceed' consensus, says Piper Jaffray
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October 28, 2014
06:12 EDTSSYS, XONE, DDDGartner says worldwide shipments of 3D printers to reach over 217,000 in 2015
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October 27, 2014
10:41 EDTDDD3D Systems names Wright COO
3D Systems (DDD) announced that it has appointed Mark Wright as its COO. Wright joins 3D Systems after an 18-year career at EMC (EMC).
07:22 EDTDDDAmerican College of Chest Physicians to hold a conference
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October 23, 2014
10:01 EDTDDDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 3D Systems (DDD) downgraded to Hold from Buy at Brean Capital... Angie's List (ANGI) downgraded to Hold from Buy at Needham... Avalon Rare Metals (AVL) downgraded to Neutral from Buy at Citigroup... Axiall (AXLL) downgraded at Cowen... BB&T (BBT) downgraded to Neutral from Buy at Goldman... Boeing (BA) downgraded at Credit Suisse... Boulder Brands (BDBD) downgraded to Hold from Buy at Canaccord... Citrix (CTXS) downgraded to Hold from Buy at Drexel Hamilton... ClickSoftware (CKSW) downgraded to Hold from Buy at Lake Street... DTS, Inc. (DTSI) downgraded to Underweight from Neutral at JPMorgan... GulfMark Offshore (GLF) downgraded to Market Perform from Outperform at Cowen... Home Loan Servicing (HLSS) downgraded to Neutral from Buy at Compass Point... ICON plc (ICLR) downgraded to Equal Weight from Overweight at First Analysis... IPC The Hospitalist Co. (IPCM) downgraded to Market Perform at Wells Fargo... Melco Crown (MPEL) downgraded to Neutral from Buy at Nomura... Mercer (MERC) downgraded at Credit Suisse... ONEOK Partners (OKS) downgraded to Neutral from Buy at BofA/Merrill... Owens Corning (OC) downgraded to Neutral from Overweight at JPMorgan... Regency Energy Partners (RGP) downgraded to Neutral from Buy at BofA/Merrill... The Medicines Co. (MDCO) downgraded to Neutral from Buy at BofA/Merrill... Tupperware Brands (TUP) downgraded to Neutral from Overweight at JPMorgan... Union Bankshares (UBSH) downgraded at RW Baird... VOC Energy Trust (VOC) downgraded at RBC Capital... Yelp (YELP) downgraded to Hold from Buy at Stifel.
07:59 EDTDDD3D Systems miss caused by timing issues, says Oppenheimer
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07:52 EDTDDD, SSYSStratasys positioned for good Q3, solid Q4, says Jefferies
Jefferies says its reseller survey indicates Stratasys (SSYS) had a good Q3 and is set for a solid Q4, in contrast to peer 3D Systems (DDD). The firm notes it survey suggests Stratasys is discounting more than 3D, which it attributes to the company reinvesting currency benefits. Jefferies says Stratasys remains its top pick. It has a Buy rating on the stock with a $155 price target.
06:12 EDTDDD3D Systems price target lowered to $37 from $50 at Piper Jaffray
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05:35 EDTDDD3D Systems downgraded to Hold from Buy at Brean Capital
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October 22, 2014
12:50 EDTDDD3D Systems downgraded to Hold from Buy at Deutsche Bank
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12:09 EDTDDDOn The Fly: Midday Wrap
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10:09 EDTSSYS, DDD, XONEOn The Fly: Analyst Initiation Summary
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09:55 EDTDDD3D Systems tumbles after results, levels to watch
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09:21 EDTDDDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 3.7%... iRobot (IRBT), up 12%... Six Flags (SIX), up 13%... GlaxoSmithKline (GSK), up 2%... Broadcom (BRCM), up 7%... Boston Scientific (BSX), up 4.3%... Abbott (ABT), up 1.8%... Yahoo! (YHOO), up 6%. ALSO HIGHER: Blue Earth (BBLU), up 26.4% after CEO says statements in Seeking Alpha blog are "false and misleading."... GW Pharmaceuticals (GWPH), up 5.4% after Epidiolex receives orphan designation from EMA. DOWN AFTER EARNINGS: 3D Systems (DDD), down 15%... Biogen (BIIB), down 7%... Lumber Liquidators (LL), down 13.4%... Norfolk Southern (NSC), down 3%... Angie's List (ANGI), down 8.8%. ALSO LOWER: Nanosphere (NSPH), down 33% after filing secondary, reporting preliminary Q3 revenue... Himax Technologies (HIMX), down 16% after announcing that Google (GOOG) will not exercise an additional investment option in the company... Cree (CREE), down 10.5%, downgraded at DA Davidson and Canaccord following the company's Q1 earnings results... Ocwen Financial (OCN), down 7% after downgraded to Hold at Evercore, downgraded to Neutral at BofA Merrill Lynch... VMware (VMW), down 7.8%, downgraded at Nomura and Raymond James following the company's Q3 results.
07:35 EDTDDD3D Systems down 10.7% after reporting preliminary Q3 results, FY14 guidance
07:34 EDTDDD3D Systems sees FY14 EPS 70c-80c, consensus 78c
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07:33 EDTDDD3D Systems reports preliminary Q3 EPS 16c-19c, consensus 21c
Reports Q3 revenue $164M-$169M, consensus $186M. CEO Avi Reichental stated, "We are disappointed that we failed to fully capitalize on the robust demand for our direct metal and consumer products during the quarter. While we worked very hard to deliver these products sooner, achieving manufacturing scale, quality and user experience targets took significantly longer than we had anticipated. Now that we have closed these availability gaps, we expect our revenue growth rate to increase"
October 21, 2014
16:18 EDTDDD3D Systems initiated with an Outperform at Oppenheimer
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16:18 EDTXONEExOne initiated with an Outperform at Oppenheimer
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16:17 EDTSSYSStratasys initiated with a Perform at Oppenheimer
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