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3D Systems' (DDD) Technology for KALLISTA's Grid Sink Faucet
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3D Systems Corporation (DDD - Free Report) recently announced that KALLISTA, a designer and producer of luxury kitchen and bath products, launched the Grid sink faucet at KBIS 2018. The sink faucet was produced by 3rd Dimension with the help of 3D Systems’ 3D printing materials and technology.
The company’s 3D printing technology helped designers to create the faucet in a unique geometry, enabling it to build the spout by creating an open form and discreet interior channels, facilitating easy flow of water through the base. 3D printing specialist, 3rd Dimension, produced the faucets by utilizing 3D Systems’ ProX DMP 320 high-performance metal additive manufacturing system.
Moreover, the faucets are printed with the company’s LaserForm 316L, a high quality stainless steel 316 powder material that prevents rust and corrosion. 3rd Dimension’s engineering proficiency as well as experience with the 3D Systems ProX DMP 320 facilitated the production of the Grid faucet easily.
Our Take
With the 3D printing industry booming, 3D Systems’ leading position in this market presents a favorable long-term growth opportunity. As a matter of fact, majority of the company’s customers are shifting from prototyping to end use production, using 3D printing technology and the company believes that it is well positioned to aid them in their transformation. Moving ahead, it is of the opinion that robust demand for production printers, materials and software will continue to act as major catalysts
Currently, the company is witnessing robust prospects across most of its end business. 3D Systems remains especially bullish on the prospects of its healthcare business. Consistent demand for printers and materials for medical and dental customers fueled growth of this segment. Moreover, the company believes material science will be a key catalyst in the transition to 3D production and is investing large sums in materials innovation across portfolio to capitalize on the trend.
However, during the third quarter, revenues from 3D printing products and services were significantly undermined due to persistently challenging market conditions. These factors adversely impacted customers' capital investment cycles and reduced demand across most geographies. Further, its performance in Americas and Asia Pacific was very weak.
Consequently, shares of this Zacks Rank #3 (Hold) stock declined 27.1% in the last three months, in sharp contrast to 10.9% growth recorded by the industry. Going forward, the company believes investment in IT and go-to-market initiatives will result in higher expenses, consequently restricting near-term operating income growth.
Stocks to Consider
Some better-ranked stocks from the same space include Broadcom Limited (AVGO - Free Report) , Avid Technology, Inc. and ASML Holding N.V. (ASML - Free Report) . While Broadcom sports a Zacks Rank #1 (Strong Buy), Avid Technology and ASML Holding carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Broadcom has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 4.5%.
Avid Technology has outpaced estimates twice in the preceding four quarters, with an average earnings surprise of 18.3%.
ASML Holding has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 14.8%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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3D Systems' (DDD) Technology for KALLISTA's Grid Sink Faucet
3D Systems Corporation (DDD - Free Report) recently announced that KALLISTA, a designer and producer of luxury kitchen and bath products, launched the Grid sink faucet at KBIS 2018. The sink faucet was produced by 3rd Dimension with the help of 3D Systems’ 3D printing materials and technology.
The company’s 3D printing technology helped designers to create the faucet in a unique geometry, enabling it to build the spout by creating an open form and discreet interior channels, facilitating easy flow of water through the base. 3D printing specialist, 3rd Dimension, produced the faucets by utilizing 3D Systems’ ProX DMP 320 high-performance metal additive manufacturing system.
Moreover, the faucets are printed with the company’s LaserForm 316L, a high quality stainless steel 316 powder material that prevents rust and corrosion. 3rd Dimension’s engineering proficiency as well as experience with the 3D Systems ProX DMP 320 facilitated the production of the Grid faucet easily.
Our Take
With the 3D printing industry booming, 3D Systems’ leading position in this market presents a favorable long-term growth opportunity. As a matter of fact, majority of the company’s customers are shifting from prototyping to end use production, using 3D printing technology and the company believes that it is well positioned to aid them in their transformation. Moving ahead, it is of the opinion that robust demand for production printers, materials and software will continue to act as major catalysts
Currently, the company is witnessing robust prospects across most of its end business. 3D Systems remains especially bullish on the prospects of its healthcare business. Consistent demand for printers and materials for medical and dental customers fueled growth of this segment. Moreover, the company believes material science will be a key catalyst in the transition to 3D production and is investing large sums in materials innovation across portfolio to capitalize on the trend.
However, during the third quarter, revenues from 3D printing products and services were significantly undermined due to persistently challenging market conditions. These factors adversely impacted customers' capital investment cycles and reduced demand across most geographies. Further, its performance in Americas and Asia Pacific was very weak.
Consequently, shares of this Zacks Rank #3 (Hold) stock declined 27.1% in the last three months, in sharp contrast to 10.9% growth recorded by the industry. Going forward, the company believes investment in IT and go-to-market initiatives will result in higher expenses, consequently restricting near-term operating income growth.
Stocks to Consider
Some better-ranked stocks from the same space include Broadcom Limited (AVGO - Free Report) , Avid Technology, Inc. and ASML Holding N.V. (ASML - Free Report) . While Broadcom sports a Zacks Rank #1 (Strong Buy), Avid Technology and ASML Holding carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Broadcom has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 4.5%.
Avid Technology has outpaced estimates twice in the preceding four quarters, with an average earnings surprise of 18.3%.
ASML Holding has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 14.8%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>