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Stock Market & Financial Investment News

News Breaks
March 20, 2014
10:54 EDTDDD, ARCW, XONE, SSYS3D 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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February 27, 2015
09:53 EDTDDD3D Systems, Canon announce UK distribution agreement
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07:13 EDTDDD3D Systems price target lowered to $33 from $43 at Deutsche Bank
Deutsche Bank lowered its price target for shares of 3D Systems to $33 after currency and "weak" channel performance drive a miss in Q4. Deutsche sees 3D as a "show me story" in the near-term and keeps a Hold rating on the name.
February 26, 2015
09:25 EDTDDDOn The Fly: Pre-market Movers
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08:05 EDTDDD3D Systems sees FY15 EPS 90c-$1.10, consensus $1.02
Sees FY15 revenue $850M-$900M, consensus $873.2M.
08:03 EDTDDD3D Systems reports Q4 EPS 21c, consensus 25c
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February 25, 2015
15:23 EDTDDDEarnings Preview: 3D Systems down almost 19% over last three months
3D Systems (DDD) is scheduled to report fourth quarter earnings before the open on Thursday, February 26, with a conference call scheduled for 8:30 am ET. 3D Systems is a provider of three-dimensional content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers. EXPECTATIONS: Analysts are looking for earnings per share of 25c on revenue of $202.32M, according to First Call. The consensus range for EPS is 20c-31c on revenue of $190.0M-$208.8M. LAST QUARTER: 3D Systems reported third quarter EPS of 18c on revenue of $166.9M, beating a bottom-line consensus of 17c and slightly missing on the top-line consensus of $167.71M. At that time, 3D Systems reiterated its fiscal year 2014 EPS view of 70c-80c and FY14 revenue view of $650M-$690M. NEWS: On November 24, 2014, 3D Systems announced it would acquire Cimatron for $8.97 per share, or approximately $97M, inclusive of its net cash. The transaction closed on February 9. The transaction is expected to be accretive to 3D Systems' cash generation and non-GAAP earnings per share for FY15. STREET RESEARCH: On February 15, Barron's said that 3D Systems could fall to $15 per share. On February 18, Oppenheimer said Barron's was wrong on 3D printing stocks, saying the bearish article on 3D printers was "mostly a victory lap" that contained little new information. The firm added that the sector's fundamentals are positive, while the stocks' valuations are no longer excessive, and it contends that Barron's has stayed bearish on the sector for too long. Oppenheimer kept an Outperform rating on 3D Systems. PRICE ACTION: 3D Systems shares are down almost 19% over the last three months, including a 2.5% drop to about $30 per share in Wednesday trading ahead of Thursday morning's earnings report.
15:05 EDTDDDNotable companies reporting before tomorrow's open
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10:04 EDTSSYSStratasys volatility into Q4 and outlook
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February 24, 2015
11:02 EDTSSYSStratasys announces promotions within MakerBot unit
Stratasys announced the transitioning of key executives and expanding responsibilities within its MakerBot business. Jenny Lawton, chief executive officer of MakerBot, will be promoted to executive VP Special Projects for Stratasys and will report directly to CEO David Reis in his capacity as the company’s chief business officer. Jonathan Jaglom, general manager from Stratasys Asia Pacific Japan, will be promoted to chief executive officer of MakerBot.
08:15 EDTDDD3D Systems volatility elevated into Q4 and outlook
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February 20, 2015
05:20 EDTDDD3D Systems implied volatility of 68 at upper end of index mean range
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February 19, 2015
10:12 EDTDDD3D Systems price target lowered to $36 from $42 at Imperial Capital
Imperial Capital lowered its price target for 3D Systems shares to $36 ahead of the company's Q4 results but keeps an Outperform rating on the name. The firm views lower organic growth rates and declining margins as near-term headwinds.
07:37 EDTSSYSStratasys core business remains solid, says Canaccord
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05:35 EDTDDD3D Systems implied volatility of 73 at upper end of index mean range
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February 18, 2015
16:04 EDTXONEExOne announces six new printable materials for use in 3D printing systems
ExOne announced that six additional materials are now printable in the company's printing systems: Cobalt-Chrome, IN Alloy 718, Iron-Chrome-Aluminum, 17-4 Stainless Steel, 316 Stainless Steel and Tungsten Carbide. Using ExOne's printing systems – including the M-Flex and recently introduced Innovent– customers interested in 3D printing materials for their own product development are afforded the opportunity to utilize the wide variety of new materials, each offering unique properties and uses. These qualified materials are distinguishable from printable materials in that they are commercially available for sale in industrial densities or for finished products printed at an ExOne PSC. ExOne manufactures and sells direct and indirect printing systems as well as printable and qualified materials, binder, cleaner and other consumables for use in its machines.
11:54 EDTSSYS, DDD, XONEAnalyst says Barron's thesis on 3D printing stocks outdated
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08:04 EDTSSYS, DDD, XONEBarron's wrong on 3D printing stocks, says Oppenheimer
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06:43 EDTDDD3D Systems volatility increases into Q4 and outlook
3D Systems February call option implied volatility is at 78, February weekly is at 99, March is 76, May is at is at 52; compared to its 26-week average of 47 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on February 26.
05:59 EDTDDD3D Systems implied volatility of 71 at upper end of index mean range
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February 17, 2015
07:11 EDTDDD3D Systems volatility elevated into Q4 and outlook
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