Wed, Apr. 15, 12:32 PM
- Beaten-down/well-shorted 3D Systems (DDD +4.6%), Stratasys (SSYS +3.7%), Voxeljet (VJET +4.4%), and Organovo (ONVO +5.2%) are posting big gains. Volume has been slightly above-average for ONVO, normal for DDD and SSYS, and below-average for VJET. The Nasdaq is up 0.5%.
- Meanwhile, 3D printing/manufacturing service provider ARC Group (ARCW +12.1%) is soaring after Brean reiterated a Buy rating, albeit while cutting its target by $13 to $12 (still over 2x yesterday's close). The firm thinks EBITDA margin can rise to 18% by year's end from a current 14%, and to "at least 20%" in 2016. It also thinks improving demand from the firearms could drive upside to its estimates.
- The gains come amid NYC's 3D Print Week conference. Both 3D Systems and Stratasys' MakerBot unit (based in Brooklyn) have large presences. As does 3D printing software vendor Materialise (MTLS +2.5%), which is sponsoring the conference's 3D Print Fashion Show and providing a closing keynote.
- Separately, MakerBot has announced a reseller deal with D&H Distributing, an SMB-focused IT distributor for education, healthcare, government, and manufacturing clients. And Stratasys proper has rolled out a new high-end system (the Objet1000 Plus) said to print parts 40% faster than its predecessor, and at a lower cost.
- Last week: 3D Systems rallies towards $30
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- 3D Systems (DDD -3.8%), Voxeljet (VJET -3.9%), ExOne (XONE -5.6%), Organovo (ONVO -4.4%), Arc Worldwide (ARCW -7.3%), and to a lesser extent Stratasys (SSYS -2.8%) sold off today, generally on below-average volume. The Nasdaq closed down 0.8%.
- 3D Systems has received some favorable CES coverage over the last week. During a CES talk with management, Brean reported hearing of a "meaningful increase in partner interest," and that 3D thinks it offers an unmatched consumer experience in terms of ease-of-use. "DDD believes they are the only folks offering plug and play in just 10 minutes ... now it is not about making the printer work, but what can I get out. DDD has also cracked the code on content generation and getting content off of Cubify."
- Oppenheimer, which calls 3D its favorite name in the space, noted there weren't many new product launches from big OEMs, something it considers a positive. "We believe 2013 and 2014 were aberrant years and 2015 could return to more normal [investment] patterns."
- Dutch startup Ultimaker's desktop 3D printer line (competes against 3D's Cube line and Stratasys' MakerBot unit) received good reviews at CES. Ultimaker's systems, which are based on open-source hardware designs, are priced from $1,450-$3,030; two new models become available for pre-order in March.
- Last week: 3D Systems goes after MakerBot by acquiring botObjects
Oct. 9, 2014, 12:46 PM
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Feb. 13, 2014, 12:46 PM
Dec. 12, 2013, 9:11 AM
Dec. 11, 2013, 11:08 AM
- Shares of ARC Group Worldwide (ARCW +12.7%) climb after Brean Capital provides the first analyst coverage on the name, initiating the stock at Buy with a PT of $25.
- Analyst Ananda Baruah adds another voice to a heated debate of whether ARCW should garner a 3D play valuation, calling the stock "an attractive asset and an intriguing addition to our advanced technology sector coverage along with Buy-rated 3D Systems and Buy-rated Stratasys."
- Baruah sees 10%+ revenue and 15%-20% EPS growth in store for the company, with operating margin expansion opportunities.
- Upside includes potential for multiple expansion due to the secular attractiveness of ARCW's core Metal Injection Molding market and a "further embrace" by the company of 3D printing, automation, and robotics.
Dec. 11, 2013, 9:11 AM
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Nov. 26, 2013, 8:59 AM
- Mediabistro (MBIS) shares jump 35.3% pre-market after the company announces it has made a strategic investment in 3D printing content site 3dprintingindustry.com.
- Mediabistro will partner with the site to produce "Inside 3D Printing" trade shows and to offer an online job board for the industry powered by Mediabistro's software.
- The excitement bubbling in the industry has sent the shares of a number of tangentially related players higher in the past several months, including Arc Wireless Solutions (ARCW) and Camtek (CAMT), which is up 38.8% pre-market on no apparent news after skyrocketing yesterday.
Nov. 20, 2013, 12:45 PM
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Nov. 13, 2013, 9:08 AM
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