| 3D Systems Started at Buy by Deutsche Bank >DDD |
3D Systems Corporation(NYSE:DDD) +0.8% AH and Stratasys (SSYS) after Deutsche starts coverage with Buy ratings. Fellow 3D printer maker ExOne has been started at Hold. The day has already seen Pac Crest start coverage on 3D Systems with an Outperform and Stratasys/ExOne with Sector Performs, and Nomura argue current industry hype is excessive. Also: Piper's Troy Jensen has issued another bullish industry report after returning from last week's EuroMold trade show. Jensen states 3D Systems, which introduced new high-end printers, materials, and software, was by far "the most active at EuroMold with respect to new product introductions."
He's especially a fan of a new metal printer from 3D's recently-acquired Phenix Systems unit.
Jensen also liked Stratasys' launch of a nylon printing material (resellers are upbeat), and says a visit to the HQ of Swedish printer maker Arcam (AMAVF) indicates the company is focused on rapidly expanding (it currently has only 65 employees)
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3D Systems CEO Named to Fortune Magazine's 2013 Top 50 People In Business List
-- Reichental ranked #22 amongst those 'who executed big, defied expectations and delivered stellar results for their shareholders' -- Company ranked #2 in tech and #5 overall out of 100 global Fortune Magazine's fastest-growing companies
ROCK HILL, S.C., Dec. 9, 2013 (GLOBE NEWSWIRE) -- 3D Systems (NYSE:DDD) announced today that its CEO, Avi Reichental, made Fortune Magazine's 2013 list of top people in business, ranking number 22. The annual list recognizes the top 50 business leaders "who defied expectations, executed big turnarounds, and delivered stellar results for their shareholders."
Fortune points out that, "Longtime CEO Reichental is reaping the rewards of the 3D printing frenzy; revenue for the first nine months of the year climbed more than 40%." For the second year in a row, the company also made Fortune Magazine's 2013 list of the fastest-growing companies, climbing up to number 2 in tech and number 5 overall out of 100 global companies listed. Fortune points out that "even in stagnant times certain companies thrive, and the annual list of high achievers shines the spotlight on the most vibrant parts of our global economy."
Fortune highlighted that, "3D printing, is being increasingly used to create cost-effective models and real parts for machines and end-use products. 3D Systems designs and sells printers and associated materials and services for both home and commercial use. In mid-2012, it doubled its R&D expenditures and improved marketing to expand its products and boost sales. Those efforts seem to be paying off."
"I am humbled and honored to be part of this exceptional group of world-class leaders and deeply grateful to my passionate teammates," said Avi Reichental, President and CEO of 3D Systems. "Together we are democratizing craftsmanship, imparting a new kind of design-to-manufacturing literacy and catalyzing localized distributed manufacturing."
Under Reichental's decade-long leadership, 3DS emerged as the leading provider of complete 3D printing centric design-to-manufacturing solutions that are transforming entire industries by empowering professionals and consumers worldwide to create and make. Reichental is the recipient of the regional 2011 EY Entrepreneur of the Year award and the 2012 Financial Times Boldness in Business award. Reichental currently serves as faculty Chair of the Digital Fabrication Program at Singularity University and is a member of the XPRIZE innovation board and the National Children's Oral Health Foundation board, also known as America's ToothFairy.
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