We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
3D Systems' (DDD) Metal 3D Printers Gain Adoption at Wilting
Read MoreHide Full Article
3D Systems (DDD - Free Report) recently announced that Wilting, an industrial machining and metal 3D printing service provider, has integrated two single laser DMP Flex 350 and one DMP Flex 350 Dual metal 3D printer into its manufacturing floor.
The addition not only augments Wilting's production capacity but also enhances its materials portfolio, catering to the diverse needs of its client base.
Wilting's journey into additive manufacturing has been significantly catalyzed by its collaboration with 3D Systems' Application Innovation Group. At the heart of Wilting’s expansion lies 3D Systems' DMP Flex 350 platform, meticulously designed to facilitate flexible application use from initial development to serial production.
The platform's quick-swap build modules and efficient powder recycling mechanisms expedite the production process, ensuring uninterrupted 24/7 productivity essential for meeting customer demands.
Furthermore, the incorporation of Oqton's 3DXpert software streamlines the additive manufacturing workflow, enabling a seamless transition from design to post-processing, thereby optimizing efficiency and precision.
3D Systems' collaboration with Wilting exemplifies the transformative potential of additive manufacturing in revolutionizing traditional manufacturing paradigms.
3D Systems Benefits From Robust Portfolio
Additive manufacturing is gaining traction among larger industries seeking economically viable solutions. 3D Systems, recognizing its position as the largest among all additive manufacturing companies, is actively pursuing scalability.
DDD’s wide range of solutions includes orthopedic and dental implants for human beings to key components for aerospace, automotive, and many other industrial markets. Increased printer size, speed and reliability are helping 3D Systems offer mass customization of components that is attracting large industrial as well as healthcare companies.
3D Systems expects the additive manufacturing industry to witness a CAGR of more than 20% over the next five to seven years, hitting $80 billion during this timeframe. This opportunity bodes well for DDD, given its portfolio strength and high investments in research & development.
3D Systems’ technology brings together metal and polymer hardware platforms supported by an intelligent cloud-based software. It is expanding into emerging markets like regenerative medicine, which further boosts prospects.
In the recently reported fourth quarter of 2023, 3D Systems delivered nine new products, five new materials, three printer upgrades and one key accessory. It recently shipped its first MJP300W jetting system and completed validation of testing on its SLS300 machine. DDD remains involved in the development of 40 new products that are anticipated to be available for release by the end of 2024.
However, uncertain macroeconomic conditions that are keeping customer budgets under pressure and have hurt capital expenditure spending are a concern in the near term. Increasing competition, particularly from new entrants in China in the hardware side of the business, has been a headwind.
These factors have hurt performance in the past year, with shares declining 52.6%, underperforming the Zacks Computer & Technology sector’s return of 53%.
Nevertheless, 3D Systems’ efficiency programs and cost control strategy are expected to help in driving gross margin expansion while lowering operating expenses simultaneously. This is expected to result in a positive EBITDA performance for the current year.
Zacks Rank & Stocks to Consider
3D Systems currently has a Zacks Rank #3 (Hold).
The Zacks Consensus Estimate for 2024 loss is pegged at 6 cents per share, down from earnings of 7 cents per share over the past 30 days. The consensus mark for revenues is pegged at $485.39 million, indicating a 0.55% year-over-year decline.
The long-term earnings growth rate for Logitech, Meta Platforms and Synopsys is currently pegged at 13.13%, 19.5% and 17.51%, respectively.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
3D Systems' (DDD) Metal 3D Printers Gain Adoption at Wilting
3D Systems (DDD - Free Report) recently announced that Wilting, an industrial machining and metal 3D printing service provider, has integrated two single laser DMP Flex 350 and one DMP Flex 350 Dual metal 3D printer into its manufacturing floor.
The addition not only augments Wilting's production capacity but also enhances its materials portfolio, catering to the diverse needs of its client base.
Wilting's journey into additive manufacturing has been significantly catalyzed by its collaboration with 3D Systems' Application Innovation Group. At the heart of Wilting’s expansion lies 3D Systems' DMP Flex 350 platform, meticulously designed to facilitate flexible application use from initial development to serial production.
The platform's quick-swap build modules and efficient powder recycling mechanisms expedite the production process, ensuring uninterrupted 24/7 productivity essential for meeting customer demands.
Furthermore, the incorporation of Oqton's 3DXpert software streamlines the additive manufacturing workflow, enabling a seamless transition from design to post-processing, thereby optimizing efficiency and precision.
3D Systems Corporation Price and Consensus
3D Systems Corporation price-consensus-chart | 3D Systems Corporation Quote
3D Systems' collaboration with Wilting exemplifies the transformative potential of additive manufacturing in revolutionizing traditional manufacturing paradigms.
3D Systems Benefits From Robust Portfolio
Additive manufacturing is gaining traction among larger industries seeking economically viable solutions. 3D Systems, recognizing its position as the largest among all additive manufacturing companies, is actively pursuing scalability.
DDD’s wide range of solutions includes orthopedic and dental implants for human beings to key components for aerospace, automotive, and many other industrial markets. Increased printer size, speed and reliability are helping 3D Systems offer mass customization of components that is attracting large industrial as well as healthcare companies.
3D Systems expects the additive manufacturing industry to witness a CAGR of more than 20% over the next five to seven years, hitting $80 billion during this timeframe. This opportunity bodes well for DDD, given its portfolio strength and high investments in research & development.
3D Systems’ technology brings together metal and polymer hardware platforms supported by an intelligent cloud-based software. It is expanding into emerging markets like regenerative medicine, which further boosts prospects.
In the recently reported fourth quarter of 2023, 3D Systems delivered nine new products, five new materials, three printer upgrades and one key accessory. It recently shipped its first MJP300W jetting system and completed validation of testing on its SLS300 machine. DDD remains involved in the development of 40 new products that are anticipated to be available for release by the end of 2024.
However, uncertain macroeconomic conditions that are keeping customer budgets under pressure and have hurt capital expenditure spending are a concern in the near term. Increasing competition, particularly from new entrants in China in the hardware side of the business, has been a headwind.
These factors have hurt performance in the past year, with shares declining 52.6%, underperforming the Zacks Computer & Technology sector’s return of 53%.
Nevertheless, 3D Systems’ efficiency programs and cost control strategy are expected to help in driving gross margin expansion while lowering operating expenses simultaneously. This is expected to result in a positive EBITDA performance for the current year.
Zacks Rank & Stocks to Consider
3D Systems currently has a Zacks Rank #3 (Hold).
The Zacks Consensus Estimate for 2024 loss is pegged at 6 cents per share, down from earnings of 7 cents per share over the past 30 days. The consensus mark for revenues is pegged at $485.39 million, indicating a 0.55% year-over-year decline.
Logitech (LOGI - Free Report) , Meta Platforms (META - Free Report) and Synopsys (SNPS - Free Report) are some better-ranked stocks in the broader sector that investors can consider, each sporting a Zacks Rank #1 (Strong Buy) at present. You can find the complete list of today’s Zacks #1 Rank stocks here.
The long-term earnings growth rate for Logitech, Meta Platforms and Synopsys is currently pegged at 13.13%, 19.5% and 17.51%, respectively.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.