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3D Systems rallies following Canon deal, Q3 commentary; Stratasys also up

  • 3D Systems (DDD +2.6%) has formed a reseller deal with camera/printer giant Canon (CAJ -0.6%): the latter will sell the former's professional offerings in Japan.
  • The deal is the latest in a string of reseller agreements reached by 3D this year: Other partnerships have featured consulting giant Deloitte and IT distributor Synnex.
  • Meanwhile, Brean is reiterating a Buy and $70 PT following 3D's Q3 results; the firm thinks 3D can maintain 40%+ top-line growth "for the foreseeable future," and sees margin expansion as a 2H14/2015 catalyst.
  • As demonstrated by 3D's Q4 EPS guidance, margins have been pressured lately by rising sales/marketing and R&D investments.
  • 3D is making new highs. Rival Stratasys (SSYS +2.9%) is rallying in sympathy, and isn't far removed from its all-time high of $113.49.
Comments (2)
  • StepUp
    , contributor
    Comments (420) | Send Message
     
    Can anyone tell me why the article linked in this "market current" does not itself show up in market currents for DDD? I really can't figure out how to follow news for stocks on SA.
    30 Oct 2013, 02:00 PM Reply Like
  • riotango07
    , contributor
    Comments (66) | Send Message
     
    Join the club!

     

    Glad I bought a Boatload of DDD at $40!
    30 Oct 2013, 08:26 PM Reply Like
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