3D Systems (DDD) Price Target Reduced to $33 at Deutsche Bank

William Blair Affirms 3D Systems (DDD) at 'Underperform'; Still Sees as Overvalued vs. Expected Performance

William Blair affirms 3D Systems (NYSE: DDD) at Underpeform following Q4 results and guindace issued this week.

Analyst Brian Drab noted that organic revenue growth in 2014 was 13 percent, from 29 percent and 22 percent seen in 2013 and 2012, respectively. The analyst commented, Weaker channel performance in North America and the Asia-Pacific regions also contributed to the deceleration in organic revenue growth. Specifically, resellers have shifted their focus away from selling the midrange printers to selling the high-end production printers, causing coverage gaps in the portfolio. The company is working with resellers in these two regions to... More

3D Systems (DDD) Estimates, PT Cut at BofA/Merrill Lynch

BofA/Merrill Lynch analyst Wamsi Mohan lowered estimates and his price target on 3D Systems (NYSE: DDD) to $33.00 (from $40.00) following Q4 results. The firm maintained an Underperform rating.

Mohan noted organic revenue growth of 7% was worse than last quarter's 12% as growth was hurt... More

UPDATE: 3D Systems (DDD) Misses Q4 EPS by 4c; Issues In-Line FY15 Outlook

(Updated - February 26, 2015 8:03 AM EST)

3D Systems (NYSE: DDD) reported Q4 EPS of $0.21, $0.04 worse than the analyst estimate of $0.25. Revenue was $18.4 million, versus the consensus of $202.3 million.

"We are disappointed that we were not able to fully capitalize on the strength of our portfolio in all geographies equally, but are very pleased with the impressive growth rate that our EMEA channel delivered in the face of adverse foreign currency rates," said Avi Reichental, 3DS' President and Chief Executive Officer. "We are taking decisive steps to improve the productivity and... More