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Fly News Breaks for April 30, 2019
DDD, SSYS
Apr 30, 2019 | 05:11 EDT
Piper Jaffray analyst Troy Jensen says his Q1 reseller survey indicates 3D printing demand was mostly in line with expectations for the March quarter. System demand down-ticked quarter-over-quarter, but was up "nicely" on a year-over-year basis, while material demand was modestly above plan and service bureau demand "bounced back sharply following a challenging Q4," Jensen tells investors in a research note. He believes underlying demand trends are improving for the 3D printing industry and anticipates accelerating growth as the industry moves through 2019 and beyond. Stratasys' (SSYS) new product introductions and production emphasis will see growth pick up in the second half of 2019, contends the analyst. And 3D Systems (DDD) should also benefit from production application demand improving and other new product launches, Jensen adds. He reiterates Overweight ratings on both stocks.
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