Needham & Company Reiterates a 'Buy' on 3D Systems (DDD); Acquisition Greatly Expands Product Portfolio
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Price: $3.48 -1.97%
Rating Summary:
8 Buy, 18 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 8 | New: 36
Rating Summary:
8 Buy, 18 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 8 | New: 36
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Needham & Company reiterates a 'Buy' on 3D Systems (NYSE: DDD) price target of $20.00.
Needham analyst says, "We believe DDD’s acquisition of Z Corp. is on track to close this month or early 2012 following regulatory approval. DDD is paying $137M to acquire 3D printer company Z Corp. and sister company Vidar, a leader in the mature medical film scanner business. The two companies generated combined rev. of $58M for the 12 months ended June 2011. We regard the acquisition as an excellent fit for DDD, as it adds a 3D printer line in the $15K-$60K segment of the market where DDD has been under-represented and roughly doubles its reseller channel. Mgmt expects the acquisition to be accretive to non-GAAP EPS in 2012. Assuming a smooth integration of the acquisitions of Z Corp., Vidar and the 3D printer materials business of Huntsman last month, we believe DDD can generate non-GAAP EPS of ~$0.90 in 2012."
For an analyst ratings summary and ratings history on 3D Systems click here. For more ratings news on 3D Systems click here.
Shares of 3D Systems closed at $15.41 yesterday.
Needham analyst says, "We believe DDD’s acquisition of Z Corp. is on track to close this month or early 2012 following regulatory approval. DDD is paying $137M to acquire 3D printer company Z Corp. and sister company Vidar, a leader in the mature medical film scanner business. The two companies generated combined rev. of $58M for the 12 months ended June 2011. We regard the acquisition as an excellent fit for DDD, as it adds a 3D printer line in the $15K-$60K segment of the market where DDD has been under-represented and roughly doubles its reseller channel. Mgmt expects the acquisition to be accretive to non-GAAP EPS in 2012. Assuming a smooth integration of the acquisitions of Z Corp., Vidar and the 3D printer materials business of Huntsman last month, we believe DDD can generate non-GAAP EPS of ~$0.90 in 2012."
For an analyst ratings summary and ratings history on 3D Systems click here. For more ratings news on 3D Systems click here.
Shares of 3D Systems closed at $15.41 yesterday.
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