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3D Systems Rolls Out 3D Sprint 2.0 for Industrial Customers

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Premium 3D products and services provider, 3D Systems Corporation (DDD - Free Report) , recently launched a print management and optimization software called 3D Sprint 2.0 for its plastic printers.

After a portfolio pruning over the past one year, the company has been focusing on expanding its industrial client base by providing solutions that support rapid prototyping and advanced digital manufacturing. 3D Sprint 2.0 has been specially designed for fortifying its foothold in the industrial domain.

Touted as productivity-enhancing software – 3D Sprint 2.0 – has been designed to offer end-to-end digital manufacturing solutions and eliminate the use of multiple software programs. It will simplify the 3D printing workflow, allowing the users of 3D Systems’ plastic printers to save time and money. It can further help users edit and prepare 3D models for printing directly from the software interface.

Leveraging on this software, users can perform a host of actions, including part splitting, cutting & keying, offsetting, shelling & thickening, part quality checks and so on. 3D Sprint 2.0 will commence shipment immediately and will be supported by 3D Systems’ proprietary printers, such as ProJet 1200 and ProJet MJP 2500 Series. Going forward, the company has announced plans to launch an upgraded version of the software, with advanced editing and additional CAD format support.

3D Systems portfolio streamlining, strategic partnerships and successful product launches have managed to catch the eye of investors, as year to date, the company’s shares have returned 73.7%, miles ahead of the Zacks categorized Computer Mini industry average of 11.3%. Positive industry trends are proving conducive to growth. According to the research reports of Markets and Markets, the global 3D printing market is projected to grow to $30.2 billion by 2022, reflecting an anticipated compound annual growth rate of 28.5% from 2016 to 2022.

Transition from prototypes to end-user products, mass customization, production of complex parts and government investments in 3D printing projects are estimated to stoke the growth of this billion-dollar industry. For instance, sectors like automotive, consumer products, government and defense, industrial/business machines, education research and others (arts and architecture), are expected to raise demand for 3D printing products. Apart from this, aerospace and the trillion-dollar oil & gas industry are showing a penchant for 3D printing too, that will aid the Zacks Rank #3 (Hold) company’s growth in future.

Stocks to Consider

Some better-ranked stocks in the same space include Science Applications International Corporation (SAIC - Free Report) , Amdocs Ltd. (DOX - Free Report) and CDK Global, Inc. , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Science Applications International has a striking earnings surprise history for the trailing four quarters, having beaten estimates in each of them, for a remarkable average of 9.2%.

Amdocs has a decent earnings history, with an average positive surprise of 2.8%, for the trailing four quarters.

CDK Global has an impressive earnings surprise history for the trailing four quarters, beating estimates all through for an average of 9.2%.

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