Monday, May 18, 2015 12:28:20 PM
..
9:15 AM ET | GlobeNewswire
May 7, 2015
OPPENHEIMER ON 3D SYSTEMS: AN 'ENCOURAGING' BUT NOT CERTAIN BIG PICTURE
undefined undefined | S&P Capital IQ
SNPMarketScopeViewsNews2015-05-13 13:42:07.000DDD3D SYSTEMS CORPORATIONAcquire MediaOPPENHEIMER ON 3D SYSTEMS: AN 'ENCOURAGING' BUT NOT CERTAIN BIG PICTURE In a report published Tuesday, Oppenheimer analyst Holden Lewis discussed 3D Systems Corporation (NYSE: DDD)'s recent first quarter results in which the company's "positive efforts" at streamlining and integrating may have been lost or overlooked given the overall disappointing results. "We like the internal focus (and hope to hear more about it in Wilsonville next week)," Lewis wrote. "If volumes can return to growth, it should cement 2015 as trough earnings and benefit the stock." Lewis said an upcoming tour of 3D System's acquired Wilsonville R&D capabilities was not initially intended to be a "full-blown" analyst event but it may have taken on a more "meaningful" profile, with specific actions regarding operating efficiencies and channel efforts likely on the schedule. As such, 3D Systems has an "encouraging" but not yet certain, big picture. The analyst suggested the company saw a pickup in demand in the second quarter, but it is unclear if it is a normalization of demand or deferred orders slipping back. The company stated that recent challenges were attributed entirely on foreign exchange, deferrals and performance issues in a narrow range of products. Lewis also added that 3D Systems hasn't seen any deferrals related to upcoming new competition, and the company's "win/loss" record is unchanged. Moreover, pricing is not viewed as issue. Bottom line, 3D Systems is in a "productivity push" and using its scale to tackle procurement, shifting personnel to more productive use and coordinating engineering teams earlier in design processes. Even though the company hasn't issued 2015 guidance, it has offered some "teases" including a decline in SG&A dollars in the back half of 2015. Shares remain Outperform rated with an unchanged $38 price target. View More Analyst Ratings for DDDView the Latest Analyst Ratings Write to editorial@benzinga.com with any questions about this content. Subscribe to Benzinga PRO: http://pro.benzinga.com 2015 Benzinga Newswires. Benzinga does not provide investment advice. All rights reserved. Acquire Media|US;DDD|1554|US|266407
Recent DDD News
- 3D Systems Receives FDA Clearance for First-to-Market Multi-material, Monolithic Jetted Denture Solution • GlobeNewswire Inc. • 09/17/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 08:09:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 08:05:55 PM
- 3D Systems Expands Orthopedic Surgical Planning Portfolio Receiving FDA Clearance for Key Ankle Indications • GlobeNewswire Inc. • 09/11/2024 12:30:00 PM
- 3D Systems Announces Significant Milestone in Commercialization of Oqton Manufacturing OS • GlobeNewswire Inc. • 09/09/2024 12:30:00 PM
- Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600 • PR Newswire (US) • 09/06/2024 10:43:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 09:24:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 09:07:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 08:57:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 08:44:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 08:22:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 08:20:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 08:18:44 PM
- 3D Systems Expands High Precision Investment Casting Portfolio with QuickCast Air™ • GlobeNewswire Inc. • 09/04/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 08:27:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 08:26:59 PM
- Dell Stock Rises 6% Premarket on Strong Revenue Beat, Elastic Shares Plunge 27% After Lowering Revenue Forecasts • IH Market News • 08/30/2024 10:00:15 AM
- 3D Systems Reports Second Quarter 2024 Financial Results • GlobeNewswire Inc. • 08/29/2024 08:02:00 PM
- U.S. Futures Rise; Oil Prices Dip Amid Libyan Supply Concerns and Inventory Drop • IH Market News • 08/29/2024 10:11:58 AM
- 3D Systems Reports First Quarter 2024 Financial Results • GlobeNewswire Inc. • 08/20/2024 08:17:44 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 08/13/2024 09:17:05 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 08/13/2024 09:11:39 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 08/13/2024 09:03:55 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 08/13/2024 08:55:51 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 08:49:30 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM