Shares of 3D Systems (DDD) Continue on a Tear, Adding to 115% Gain Year-To-Date
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Price: $46.55 +0.02%
Rating Summary:
4 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
4 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade DDD Now!
Shares of 3D Systems (NYSE: DDD) are trading up 2% this morning to $33.28. The stock, year-to-date, has been a silent winner, gaining over 115% since the first day of trading in 2012.
3D systems has grown organically, but also by acquisition, scooping up Z Corporation and Vidar Systems for $135.5 million (in January), then Paramount Industries (in April) and Bespoke Innovations (in May). DDD then reported strong Q1 results and reaffirmed its FY12 outlook. 3D Systems is scheduled to report Q2 earnings on July 26th (Street consensus is $0.27 and $84.1M)
Wall Street firms Needham & Co, Maxim Group and Canaccord Genuity have 'Buy' ratings on the stock. Barclays and JPMorgan have Equalweight/Neutral.
The company reported full year revenues of $260.45 million last year, Wall Street projects the company will report close to $348 million for FY12. Gross profit was $109M and quarterly revenue growth year-over-year was 62.7%. The company has approximately $60 million in cash/cash equivalents, but $139 million in debt.
Traders are betting the stock will come back in, because 30.5% of the float are shares being shorted (as of June 29, 2012).
The Company is a provider of three-dimensional (3D) content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers. It also provides creative content development and design productivity tools.
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3D systems has grown organically, but also by acquisition, scooping up Z Corporation and Vidar Systems for $135.5 million (in January), then Paramount Industries (in April) and Bespoke Innovations (in May). DDD then reported strong Q1 results and reaffirmed its FY12 outlook. 3D Systems is scheduled to report Q2 earnings on July 26th (Street consensus is $0.27 and $84.1M)
Wall Street firms Needham & Co, Maxim Group and Canaccord Genuity have 'Buy' ratings on the stock. Barclays and JPMorgan have Equalweight/Neutral.
The company reported full year revenues of $260.45 million last year, Wall Street projects the company will report close to $348 million for FY12. Gross profit was $109M and quarterly revenue growth year-over-year was 62.7%. The company has approximately $60 million in cash/cash equivalents, but $139 million in debt.
Traders are betting the stock will come back in, because 30.5% of the float are shares being shorted (as of June 29, 2012).
The Company is a provider of three-dimensional (3D) content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers. It also provides creative content development and design productivity tools.
To see more news on DDD, Click Here
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JPMorgan, Needham & Company, Barclays, Maxim Group, Earnings, Canaccord Genuity
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