ExOne (XONE) shook up 3D printer stocks, announcing late Tuesday it would miss Q4 revenue targets, the same day rival Stratasys (SSYS) said its earnings would miss. Early Tuesday, 3D printer rival Stratasys said it expected 2014 net income that lagged Wall Street expectations, as IBD reported. On Wednesday, analyst Bobby Burleson at Canaccord Genuity lowered his rating on ExOne to hold from buy. After falling 5% on Tuesday, ExOne stock was down
3D printer maker Stratasys (SSYS) preannounced weaker-than-expected 2014 earnings on Tuesday, while smaller peer ExOne (XONE) issued a revenue warning after the market close. The 1-2 punch also hit rivals 3D Systems (DDD) and Voxeljet (VJET). 3D printers were hits at the Consumer Electronics Show in Las Vegas last week. But after the CES buzz , 3D printers offered a bit of a buzz kill. Stratasys predicted 2014 earnings per share excluding various
Investment bank Pacific Crest Securities initiated coverage on 3D printer makers 3D Systems (DDD), Stratasys (SSYS) and ExOne (XONE) on Monday with a bullish view of “one of the most revolutionary technologies since the development of the home computer.” But that view contrasts with a report on Monday from Nomura Equity Research that says 3D printing “is unlikely to be a game-changer despite market hype.” Analyst Weston Twigg of Pacific Crest