PIPER JAFFRAY RELEASES COVERAGE ON 3D PRINTING SECTOR
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SNPMarketScopeViewsNews2014-07-22 15:54:41.000DDD3D SYSTEMS CORP.Acquire MediaUPDATE: PIPER JAFFRAY RELEASES COVERAGE ON 3D PRINTING SECTOR In a report released Tuesday, Piper Jaffray analyst Troy Jensen released coverage on the 3D printing sector. It covered leaders such as 3D Systems (NYSE: DDD), Materialise NV (NASDAQ: MTLS), Proto Labs (NYSE: PRLB), Stratasys(NASDAQ: SSYS) and Voxeljet AG (NYSE: VJET). Analysts at Piper Jaffray recommend investors to purchase a basket of stocks in the 3D sector or pick one well performing name in the space. Piper Jaffray stated it is long on the sector over the next several years. Piper Jaffray conducted a survey on the 3D printing industry consisting of 61 responses from 3D printing resellers and service bureau operators. The survey concluded that 83 percent of 3D printing resellers/service operators were located in North America , 15 percent in Europe and two percent in the Asia Pacific region. Nearly 42 percent of respondents in the study were categorized as both a system reseller and service bureau operator, 41 percent operating a service bureau and 17 percent were resellers. Demand for 3D printers decreased by 31 percent in Q2; materials decreased by 17 percent quarter over quarter. Risks in the 3D sector include reduced economic growth, increased competition, accelerated spending intentions, ASP erosion and valuation of players in the sector. 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. Acquire Media|US;DDD|1554|US|266407
