Premium computer peripherals’ company 3D Systems Corporation (DDD - Free Report) slashed the price of its high-tech 3D printing system by more than 30% in Europe and North America. The move is in sync with the company’s intention to expand market share and augment usage of the non-imitable Selective Laser Sintering (‘SLS’) technology.
Over the last one month, 3D Systems’ shares incurred a loss of 1.90%, narrower than the loss of 2.95% recorded by the Zacks categorized Computer and Technology sector.
Notably, this Zacks Rank #2 (Buy) stocks’ projected earnings growth rate for 2017 is currently pegged at 377.40%, way higher than the Zacks classified Computer-Mini computer industry’s projected growth rate of 4.20%.
Inside the Headlines
Henceforth, the starting offer price for 3D Systems’ ProX SLS 500 3D printing system would be $270,000 in North America and €250,000 in Europe. The company believes that the new price would make the product accessible for a wider base of customers, in turn, enhancing its competency and popularity in the market.
ProX SLS 500 3D printing system includes the state-of-the-art SLS technology. This technology helps to deliver incomparable versatility for printing different types of parts, and shape sizes from internal components for high-volume manufacturing, airplanes and small medical devices.
Besides, 3D Systems’ ProX SLS 500 is made up of distinct DuraForm materials, such as tough nylon and fiber-reinforced engineering plastic. In addition to this, the product has a notable rate of materials recyclability.
Why a Favorable Zacks Rank?
Sturdy demand for production printers, materials and software, and healthcare solutions is likely to boost the company’s top-line performance in the quarters ahead. This gives 3D Systems a Zacks Rank #2. Further, a streamlined cost structure and new investments are anticipated to generate benefits, moving ahead.
Other Stocks to Consider
Some other stocks worth considering in the industry are listed below:
Applied Optoelectronics, Inc. (AAOI - Free Report) has an outstanding positive average earnings surprise of 116.49% for the trailing four quarters and boasts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Apple Inc. (AAPL - Free Report) has a positive average earnings surprise of 0.89% for the last four quarters and currently carries a Zacks Rank #2.
Adobe Systems Incorporated (ADBE - Free Report) also holds a Zacks Rank #2 and generated an average earnings surprise of 7.71% in the past quarters.
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