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3D Systems Slashes ProX SLS 500 Price to Expand Market Share
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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:
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.
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
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3D Systems Slashes ProX SLS 500 Price to Expand Market Share
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.
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks ""Strong Sells"" absolutely free >>.