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SSYS

Stratasys, Inc.

5/25/2013, 9:59 PM ET

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Thursday, May 16, 8:17 AM 3D Systems (DDD) and Stratasys (SSYS) both catch downgrades from William Bair in a note titled "Waiting for Expectations to Align With Reality." Neither firm, says Bair, appears well-positioned to be the leader of a "3rd industrial revolution ... many investors are buying shares of these two companies, at least in part, for the wrong reasons." Both are off 1.5-2% in the premarket. 23 Comments [Tech]
Tuesday, May 14, 5:51 PM 3D Systems (DDD +3.1%) and Stratasys (SSYS +5.8%) give back a portion of today's gains after ExOne misses Q1 estimates and reiterates 2013 revenue guidance that falls short of consensus. ExOne claims European macro issues have delayed purchasing decisions on the continent. DDD -1.3% AH. SSYS -1.1%. (earlier) 1 Comment [Tech]
Tuesday, May 14, 10:38 AM 3D printing stocks are ripping higher a day after Stratasys (SSYS) delivered a Q1 EPS beat, and hours before ExOne (XONE) posts its own Q1 report. DDD +8.4%. SSYS +7.9%. XONE +6.9%. CIMT +4.1%. Canaccord and Needham have raised their PTs for Stratasys today: Canaccord considers 2013 guidance conservative in light of management's gross margin comments, and Needham foresees improved operating leverage as Objet merger integration continues. 1 Comment [Tech, On the Move]
Monday, May 13, 1:07 PM A bullish Canaccord report is helping 3D Systems (DDD +7.5%) shoot higher. In spite of the dilution caused by its stock offering, the firm thinks 3D can beat estimates thanks to strong printer and services revenue, and believes multiple expansion is in the cards as the company commercializes Bespoke Innovations' 3D-printed carpal tunnel braces in 2H. Canaccord's PT has been lifted to $50 from $45. Meanwhile, Stratasys (SSYS +2.1%) is now trekking higher following its Q1 report. On its earnings call, the company mentioned it's still "looking to grow through strategic acquisitions," and that it believes it can maintain its Q1 gross margin for the rest of the year. Comment! [Tech, On the Move]
Monday, May 13, 9:34 AM Stratasys (SSYS +0.2%) trades near breakeven after providing a Q1 EPS beat, but reaffirming its 2013 revenue/EPS guidance, and stating revenue growth "is expected to be relatively stronger toward the end of the year." Q1 gross margin was 59%, +100 bps Q/Q and 230 bps Y/Y. SG&A spend +24% Y/Y to $27.7M, R&D +11% to $9.1M (9% of revenue). Organic revenue growth was 18%. Stratasys has now shipped 30,984 systems over its lifetime, up 1,168 Q/Q. DDD +1.1%. XONE +3.6%. (PR) 1 Comment [Tech, Earnings, On the Move]
Monday, May 13, 7:04 AM Stratasys (SSYS): Q1 EPS of $0.43 beats by $0.06. Non-GAAP Revenue of $98.2M beats by $0.13M. (PR) Comment! [Earnings, Breaking News, Tech]
Monday, May 13, 12:05 AM Notable earnings before Monday’s open: CEL, PERI, SSYS Comment! [Earnings]
Sunday, May 12, 5:30 PM Notable earnings before Monday’s open: CEL, PERI, SSYS 1 Comment [Earnings]
Friday, May 10, 11:26 AM 3D Systems (DDD -2%) recoups the majority of the premarket losses it saw on news it has priced its stock offering at $40, and is now trading more than 5% above the offering price. A likely factor: Janney has launched coverage with a Buy and $56 PT. The firm has also launched coverage on rival Stratasys (SSYS +1.8%) with a Buy and $101 PT. Comment! [Tech, On the Move]
Tuesday, April 30, 1:22 PM 3D Systems (DDD +8.2%) is now up strongly in the wake of its Q1 report (I, II), and is giving a lift to rivals Stratasys (SSYS +5.4%) and ExOne (XONE +2.8%). On 3D's earnings call, CFO Damon Gregoire (previous) insisted a rising materials margin and a greater mix of materials revenue can allow total gross margin to rise further. Piper (Ovreweight) notes organic growth was 22% (total rev. growth was 31%), while predicting the industry "can sustain 20%+ growth over the next several years." U.S. sales +25% Y/Y, Europe +38%, Asia-Pac +45%. Stratasys reports on May 13. 4 Comments [Tech, On the Move, Earnings]
Tuesday, April 30, 9:38 AM 3D Systems (DDD +0.9%) is up slightly following its Q1 report. The 3D printer maker has reiterated its 2013 guidance on its CC; one analyst is apparently unhappy over how Q1 EPS was lifted by a tax benefit. Gross margin was 52.4% in Q1, +70 bps Q/Q and +250 bps Y/Y. 3D printer sales +61% Y/Y on the back of 81% unit growth; print materials +17%, services +18%. Opex +25% Y/Y vs. rev. growth of 31%; R&D +33%, but still only 6.4% of revenue. Stratasys (SSYS +0.3%) and ExOne (XONE -0.3%) are close to breakeven. (PR) 1 Comment [Tech, Earnings, On the Move]
Tuesday, April 9, 11:38 AM Stratasys (SSYS +4.5%) and 3D Systems (DDD +4.5%) jump after Canaccord starts coverage on Stratasys with a Buy and $82 PT. ExOne (XONE +1.6%) is up more modestly. Stratasys and 3D are respectively down 11% and 7% on the year, as shares digest their huge 2012 gains. 1 Comment [Tech, On the Move]
Thursday, March 28, 2:39 PM 3D printing plays trade higher following ExOne's (XONE +7.9%) market-pleasing Q4 results and 2013 guidance. DDD +4.1%. SSYS +1.1%. DASTY.PK +1.3%. CIMT +2%. FBR remains bullish on ExOne, and thinks the company is "at the cusp of transitioning to a higher-growth mode." "We like ExOne’s unique positioning in the 3D industry, with its binder jetting technology and ability to print in sand and metal at relatively fast speeds in addition to low costs." 1 Comment [Tech, On the Move]
Tuesday, March 26, 11:40 AM Excessively broad patents could slow down the 3D printing industry's progress, VentureBeat's Ricardo Bilton warns. A Stratasys (SSYS) patent for printing with chocolate is named as one example of a 3D-related patent where obviousness and/or prior art could be claimed. Though incumbents such as Stratasys and 3D Systems (DDD) could benefit at times from broad patent interpretations thanks to their sizable portfolios, it could just as easily prove a dual-edged sword, as many IT giants can vouch. (3D Systems/Formlabs) Comment! [Tech]
Friday, March 15, 12:51 PM Stratasys (SSYS -2.8%) slumps following a Neutral coverage launch from Sidoti, which has set a $76 PT. 3D Systems (DDD -4.4%), meanwhile, is adding to the losses it saw yesterday following news CTO/co-founder Charles Hull unloaded over half his stake. Also lower: PRLB -3.5%. XONE -2.7%. 2 Comments [Tech, On the Move]
Tuesday, March 5, 9:58 AM Stratasys (SSYS +3.5%) catches an upgrade to Buy from Needham: the firm is pleased with the 3D printer maker's Monday Q4 beat and foresees growing operating leverage. Stratasys, which guided for 2013 revenue of $430M-$445M and EPS of $1.80-$1.95 (largely favorable to a consensus of $421.1M and $1.86), is now up 11% since its Q4 report was issued. 13.8% of the float was shorted as of Feb. 15. Comment! [Tech, On the Move]