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Stock Market & Financial Investment News

News Breaks
March 20, 2014
10:54 EDTSSYS, DDD, ARCW, XONE3D 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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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 EDTSSYS, XONE, 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
07:50 EDTSSYS, DDDJefferies 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.
July 23, 2015
10:24 EDTDDDZVerse announces strategic partnership and commercial agreement with 3D Systems
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