Close

Unexpected CFO Departure Highlights Challenges Facing 3D Systems (DDD); Stifel Affirms at 'Hold'

May 15, 2015 10:39 AM EDT
Get Alerts DDD Hot Sheet
Price: $4.49 +0.90%

Rating Summary:
    8 Buy, 18 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 11
Join SI Premium – FREE

Stifel is commenting on Hold-rated 3D Systems (NYSE: DDD) following the unexpected departure of CFO Ted Hull earlier this morning.

Analyst Patrick Newton summarized: We anticipate investors will cautiously view this latest announcement from DDD due to the unexpected nature of the announcement and Mr. Hull’s brief 7 month tenure as CFO. We view the announcement as highlighting the challenges currently facing 3D Systems, specifically in channel management, managing aggressive new product introductions, and a combination of industry/company specific headwinds that are inhibiting organic growth. Additionally, in our opinion, the complexity of 3D Systems’ roll-up strategy could increase the challenges of managing and forecasting from a finance perspective.

For an analyst ratings summary and ratings history on 3D Systems click here. For more ratings news on 3D Systems click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Management Changes