While it has yet to ship a single 3D printer, Hewlett-Packard (HPQ) is in a strong position to lead the market, says UBS. HP expects to begin delivering its first 3D printers in late 2016 and will target sales to businesses and other enterprises. HP’s timing is good, says the investment bank, after the early 3D printer leaders Stratasys (SSYS) and 3D Systems (DDD) encountered some big ups and big downs. “The market was overhyped, with the
With its stock trading at a 3.5-year low, 3-D printer maker Stratasys (SSYS) received a rare upgrade Friday. Piper Jaffray analyst Troy Jensen upgraded Stratasys to overweight from neutral, though he also lowered his price target on Stratasys stock to 39 from 42. Stratasys stock was down 3.6%, near 31.50, in afternoon trading in the stock market today. The upgrade follows second-quarter earnings Stratasys posted early Thursday that continued to
Continuing to show hard times in the 3D printer market, (SSYS) withdrew its full-year guidance after reporting second quarter earnings Thursday morning. Stratasys reported Q2 revenue of $182.3 million, up 2% from the same quarter a year ago. That was its slowest growth in years, ending a long string of double- and triple-digit growth. Revenue met the consensus estimate of analysts polled by Thomson Reuters. Stratasys reported earnings per share