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Fly News Breaks for July 19, 2017
VJET, PRLB, MTLS, HPQ, SSYS, DDD
Jul 19, 2017 | 05:59 EDT
Piper Jaffray analyst Troy Jensen says feedback from 63 3D printing resellers indicates the demand uptick in Q1 has sustained in Q2 with system sales relatively in line with expectations and strong material sales helping profitability. Stratasys' (SSYS) results were "relatively balanced," but 3D Systems' (DDD) resellers expressed another challenging quarter for system demand, Jensen tells investors in a research note. The weakness at 3D Systems is directly correlated with the launch of HP's (HPQ) Jet Fusion printer, the analyst contends. He believes now is the time for investors to revisit the 3D printing space, preferring shares of Stratasys, Materialise (MTLS), Proto Labs (PRLB) and voxeljet (VJET). Jensen recommends avoiding shares of 3D Systems at current levels.
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