3D Systems Corp. (DDD) - NYSE
  • Wed, May 18, 12:45 PM
    • Stratasys (SSYS -2.5%) and 3D Systems (DDD -2.5%) are trading lower today as analysts warn of threats to their business from HP's (HPQ +0.9%) Jet Fusion 3D printers, detailed yesterday.
    • Pacific Crest's Weston Twigg says it's a "negative" for those two companies, but not a surprising one. The competitive shakeout could take years, but HP's technology "could be disruptive, and customers have shown a high desire to partner with HP on the development of the printer," Twigg writes.
    • Similarly, Piper Jaffray's Troy Jensen sees a (not overwhelming) threat in price and speed from HP's new printers. Low HP pricing could shrink pipelines, but some of 3D Systems' and Stratasys' printers "are better in certain applications."
    • Twigg also thinks HP's printers could mean "modest" positives for less direct competitor Proto Labs (PRLB +0.9%), focused on the commercial market, and HP partner Materialise (MTLS -0.7%).
    • Now read Stratasys: The Rally Will Remain Challenged »
    | Wed, May 18, 12:45 PM | 14 Comments
  • Tue, May 17, 5:41 PM
    • Top gainers, as of 5.25 p.m.: ANDE +19.5%. AGIO +2.5%. CLDX +2.1%. DDD +2.0%. CTL +1.8%.
    • Top losers, as of 5.25p.m.: VIPS -9.8%. AYA -2.1%. FSM -1.9%. LC -1.4%. TVIX -1.2%.
    | Tue, May 17, 5:41 PM | 4 Comments
  • Fri, Apr. 15, 8:59 AM
    • Stratasys (NASDAQ:SSYS) and 3D Systems (NYSE:DDD) have sunk premarket -- by 3.6% and by 3.8% respectively -- after a Citi update on 3D printing downgraded both stocks on valuation.
    • Analyst Kenneth Wong downgraded 3D Systems to Sell, while boosting its price target after yesterday's pop, to $15 from $10 -- about 18% below yesterday's closing price of $18.27.
    • The company's hire of CEO Vyomesh Joshi is welcomed, but upside looks overstated, Wong says -- and the prospect of an acquisition by HP is "highly unlikely."
    • Stratasys gets a downgrade as well, to Neutral; "near-term upside is limited" as industry checks look soft. While unit volumes have held up, Wong says, there looks like a shift toward buying lower-priced systems, and service bureau utilization looks lower than usual.
    • Now read Stratasys: Game Changing Printer? »
    | Fri, Apr. 15, 8:59 AM | 14 Comments
  • Thu, Apr. 14, 12:45 PM
    | Thu, Apr. 14, 12:45 PM | 3 Comments
  • Thu, Apr. 14, 9:41 AM
    • 3D Systems (DDD +15.3%) rallies after Bank of America does a quick turn from a bear to a bull on the tech stock.
    • The about-face is largely tied to the hiring off CEO Vyomesh Joshi who is seen leading a turnaround.
    • BAML thinks 3D's profits will improve as the cost structure is re-aligned.
    • BAML EPS estimate revisions: 2016 to $0.30 from $0.28, 2017 to $0.57 from $0.39, 2018 to $0.71 from $0.43.
    • Shares are rated at Buy after being tagged previously at Underperform.
    • Previously: 3D Systems appoints Joshi as CEO (April 4)
    • Now read The 3D Printing Industry Is Still Growing
    | Thu, Apr. 14, 9:41 AM | 13 Comments
  • Thu, Apr. 14, 9:25 AM
    | Thu, Apr. 14, 9:25 AM | 6 Comments
  • Tue, Mar. 15, 9:17 AM
    | Tue, Mar. 15, 9:17 AM | 4 Comments
  • Mon, Mar. 14, 12:45 PM
    | Mon, Mar. 14, 12:45 PM | 4 Comments
  • Mon, Mar. 14, 9:22 AM
    • 3D Systems (NYSE:DDD) is up 15.3% premarket to $13.32 after (belatedly) posting a large Q4 beat. The numbers come 11 days after rival Stratasys delivered a Q4 beat and issued strong guidance, and are stoking hopes the 3D printing industry, hit hard last year as clients worked through excess capacity, is finally bottoming.
    • 3D didn't provide any formal guidance in its earnings release. Interim CEO Andrew Johnson: "While market conditions remain challenging and uncertain, timing of healthcare and industrial customer orders as well as contributions from acquisitions supported revenue during the quarter ... We are continuing an extensive and comprehensive review of our business and strategy and taking steps to better prioritize our resources and focus our investments."
    • Q4 details: Product revenue fell 10% Y/Y to $116M. Services revenue rose 16% to $67.4M. Gross margin was 47.7%, +80 bps Q/Q and -20 bps Y/Y. GAAP operating expenses rose a modest 4% Y/Y to $88.9M - $66.5M was spent on SG&A, and $22.4M on R&D.

      A $537.2M impairment charge was recorded. 3D ended 2015 with $155.6M in cash and almost no debt.
    • Stratasys (NASDAQ:SSYS) is up 6.5% premarket. ExOne (NASDAQ:XONE) is up 1.1%. Voxeljet (NYSE:VJET) is up 3.9%.
    • 3D Systems' Q4 results, earnings release
    | Mon, Mar. 14, 9:22 AM | 12 Comments
  • Mon, Mar. 14, 9:17 AM
    | Mon, Mar. 14, 9:17 AM | 2 Comments
  • Fri, Mar. 4, 11:34 AM
    • Is the bottom finally in? Stratasys (SSYS +18.6%) is now up 39% since beating Q4 estimates and issuing strong 2016 sales/EPS guidance on Thursday morning. 3D Systems (DDD +9.2%) and ExOne are up 16%, and Voxeljet (VJET +7.4%) is up 18%. As with prior big moves higher for 3D printing firms, short-covering is likely playing a big role.
    • Compared with the more bullish tone shown at higher levels, analyst reactions to Stratasys' numbers have been mixed. Piper's Troy Jensen (Overweight rating), who reported in January 3D printing demand was beginning to remove after months of weakness, likes Stratasys' cost-cutting efforts, and thinks interest and demand for the company's products is healthy. However, Deutsche's Sherri Scribner (Hold rating) argues an industry printer glut prevent a major 2016 demand rebound from occurring.
    • Pac Crest's Weston Twigg also isn't yet sold on a near-term demand recovery. Materialise (MTLS +4%), which posted a Q4 beat on Wednesday, is his favorite 3D printing idea. "Materialise ... benefits from high growth in its software and printing services, even as demand for 3D printers has remained soft ... Over the long term, Materialise should be a central figure in the transition to 3D printed prosthetics, where it provides key surgical planning software, collaborative partnerships, and printed surgical guides and implants."
    | Fri, Mar. 4, 11:34 AM | 13 Comments
  • Thu, Mar. 3, 10:05 AM
    • Stratasys' (SSYS +9.3%) Q4 beat has been accompanied by guidance for 2016 revenue $700M-$730M and EPS of $0.17-$0.43, largely above consensus estimates of $700.6M and $0.18. At the midpoint, the sales guidance implies 2% Y/Y growth.
    • With industry demand weak, product revenue fell 26% Y/Y in Q4 to $124.3M. Services revenue rose 1% to $49.1M. Non-GAAP gross margin fell to 48.1% from 56% a year ago; 2016 GM guidance is at 54%-55%.
    • Boosting EPS: Operating expenses fell 4% to $92.3M. Stratasys ended 2015 with $258M in cash and no debt. The company expects to spend $60M-$70M in 2016 on capex.
    • Stratasys: "Our goal is to maintain our leadership position in prototyping, while developing a solutions-based business model that targets key vertical markets and emerging applications for end-use parts ... Given the current environment, we recognize the importance of optimizing our cost structure and improving our financial performance, and have made those goals a priority for 2016."
    • 3D printing peers 3D Systems (DDD +5.4%), Voxeljet (VJET +5.3%), ExOne (XONE +4.9%), and Materialise (MTLS +5.1%) are also higher.
    • Stratasys' Q4 results, earnings release
    | Thu, Mar. 3, 10:05 AM | 5 Comments
  • Tue, Mar. 1, 1:48 PM
    • Continuing a recent rally, beaten-down 3D printing stocks are outperforming on a day the Nasdaq is up 2.4%, and the S&P 2.1%.
    • Belgian 3D printing software/services firm Materialise (MTLS +16.3%), which reports tomorrow morning, is the biggest gainer. This morning, Materialise announced a software/services platform (the Mimics Care Suite) for enabling 3D printing in hospitals.
    • 3D printer makers 3D Systems (DDD +6.5%), Stratasys (SSYS +7.6%), ExOne (XONE +5.6%), and Voxeljet (VJET +5.9%) are also doing quite well. Stratasys reports on Thursday morning; 3D was due to report yesterday, but recently delayed its Q4 report and 2015 10-K filing to give itself more time to do work related to a Q4 impairment charge.
    • Though still trading at a fraction of their early-2014 highs, 3D is now up 89% from a Jan. 20 low of $6.00, and Stratasys up 40% from a Feb. 12 low of $14.48. The companies respectively had 29% and 20% of their floats shorted as of Feb. 12. However, those numbers are down noticeably from a few months ago.
    | Tue, Mar. 1, 1:48 PM | 2 Comments
  • Thu, Feb. 11, 9:13 AM
    | Thu, Feb. 11, 9:13 AM
  • Thu, Feb. 11, 8:44 AM
    • The company expects Q4 revenue to come in at $183M vs. $160M expected. The charge related to the shift away from consumer products will be about $27M.
    • After annual goodwill and intangibles testing, the company anticipates booking a noncash charge of $510M-$570M.
    • At year-end, DDD had $156M in the bank and no draws under its $150M revolver.
    • Interim CEO Andy Johnson: "Industry conditions remain challenging and demand may be uneven in the coming periods."
    • Full Q4 results are due on Feb. 29.
    • Source: Press Release
    • Shares +10.9% premarket to $8.95.
    | Thu, Feb. 11, 8:44 AM | 1 Comment
  • Thu, Feb. 4, 2:23 PM
    • German 3D printer maker Voxeljet (VJET +8.9%) is up 10% since guiding on Tuesday afternoon for 2016 revenue of €28M-€30M ($31.4M-$33.6M), slightly below a €30.4M consensus but above 2015 guidance of €23M-€24M and perhaps better than feared in light of recent industry woes.
    • Beaten-up peers have also been doing well, perhaps with the help of profit-taking from shorts. 3D Systems (DDD +8%) is up 23% over the last two days, Stratasys (SSYS +4.3%) is up 10%, and ExOne (XONE +12.1%) is up 20%.
    • Voxeljet is now aiming for a 25%-30% Y/Y long-term revenue growth rate. Gross margin is expected to rise to 40%-42% in 2016 - GM for the first 9 months of 2015 was only 33.3% - and full-year EBITDA is expected to be "neutral-to-positive." 3D and Stratasys are expected to post Q4 results in the coming weeks.
    | Thu, Feb. 4, 2:23 PM | 9 Comments
Company Description
3D Systems Corp. is a holding company, which engages in the provision of three dimensional (3D) printing centric design-to-manufacturing solutions. The firm offers 3D printers, Quickparts solutions, 3D authoring tools and scanners, Bespoke Modeling, and TeamPlatform. It operates through the... More
Sector: Technology
Industry: Application Software
Country: United States