We have issued an updated research report on 3D Systems Corporation DDD on Jun 26, 2015. The company has been strategizing on cashing in on the thriving 3D printing market fundamental via tactical tie-ups, product innovations and participating in product exhibitions.
Notably, according to a report by ReportsnReports.com, the global 3D printing market is expected to increase at a CAGR of 23% from 2013 to 2020 and hit $8.41 billion buoyed by higher demand in the healthcare and aerospace markets. Additionally, TechNavio forecasted the global 3D Printer market to grow at a CAGR of 45% (2014-2019).
Consequently, this month, 3D Systems attended this year’s edition of Paris Air Show and Design Engineering & Manufacturing Expo. At both the events, the company showcased its wide range of 3D printers, workflow-enhancing 3D digital thread comprising digital sculpting platforms as well as its Direct Metal Printing that comprises a vast range of metal parts and assemblies for aerospace applications. Additionally, in order to diversify its offerings and add synergistic technology, 3D Systems expanded its popular iSense3D scanner for the iPhone and other related products of Apple Inc. AAPL.
However, although such initiatives hold good for long-term growth, in the near term they generate high research & development (R&D) and acquisition costs for the company. Such costs have been hampering the company’s financial health since the past few quarters.
Nevertheless, analysts’ sentiment remained neutral on the stock. Hence, over the last 30 days, the Zacks Consensus Estimate for 2015 and 2016 earnings per share remained stable at 28 cents and 62 cents, respectively. Consequently, the company currently carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
Some better-ranked stocks in the technology sector include Cirrus Logic Inc. CRUS and Silicon Motion Technology Corp. SIMO, each sporting a Zack Rank #1 (Strong Buy).
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