Editor's Note: Related Tickers: 3D Systems Corporation (NYSE:DDD), Stratasys, Ltd. (NASDAQ:SSYS), ExOne Co (NASDAQ:XONE)
Should 3D Systems Acquire Formlabs? (Fabbaloo) We recently noted a pause until September 3rd in the lawsuit between 3D Systems Corporation (NYSE:DDD) and Formlabs (and Kickstarter) regarding potential violation of 3D Systems patents in Formlab's Form 1 personal 3D printer, which was massively launched on Kickstarter some months ago. Formlabs took quick advantage of expiring basic patents on the initial 3D print technology that 3D Systems grew from over twenty years ago. However, 3D Systems Corporation (NYSE:DDD) believes that other aspects of the Form 1 violate patents that are still in force. The pause, according to court documents, says the parties are involved in "settlement discussions". One of the possible outcomes is that 3D Systems ends up acquiring Formlabs. Could that really happen?
Stratasys To Offer Retail 3D Printing In UPS Store (Jewish Business News) Stratasys, Ltd. (NASDAQ:SSYS), a manufacturer of 3D printers and production systems, today announced that it has been selected by The UPS Store to provide its 3D printing systems to The UPS Store as part of a test program that will make it the first national retailer in the U.S. to offer 3D printing service to entrepreneurs, architects, start-ups and other retail customers. This service will enable UPS Store customers to have their 3D design 3D printed on-site, in six test locations, beginning in San Diego. The test signals a collaborative effort by Stratasys and The UPS Store to make 3D printing accessible to small businesses as awareness of the technology and its capabilities grows. Stratasys, Ltd. (NASDAQ:SSYS) 3D Printers can create on-demand, custom objects of virtually any complexity in a fast and simple process.
ExOne to Expand its Reach into S. America & China (ENGINEERING.com) This week ExOne Co (NASDAQ:XONE) expanded its global reach announcing it had opened its 6th Production Service Center (PSC) in Auburn, Washington and two sales centers in South America and China. The company’s new 11,600 sq. ft. PSC, located west of Tacoma, will cater to industries in the U.S. Northwest interested in create molds and cores. David Burns, ExOne Co (NASDAQ:XONE)’s President and COO, highlighted the value of the new center. “As the hub of industrial activity in the northwestern U.S., particularly the aerospace industry, the greater Tacoma area is a natural location for our sixth PSC”.
3D Systems Corp. Given a $60.00 Price Target by Janney Montgomery Scott Analysts (DDD) (The Utah People's Post) Janney Montgomery Scott set a $60.00 price objective on 3D Systems Corporation (NYSE:DDD) in a report released on Thursday, AnalystRatingsNetwork reports. A number of other firms have also recently commented on DDD. Analysts at William Blair reiterated an underperform rating on shares of 3D Systems Corp. in a research note to investors on Wednesday, July 31st. Separately, analysts at Needham & Company reiterated a buy rating on shares of 3D Systems Corporation (NYSE:DDD) in a research note to investors on Monday, July 29th. They now have a $52.00 price target on the stock.
Stratasys PT Raised to $91.50 (SSYS) (The Utah People's Post) Stratasys, Ltd. (NASDAQ:SSYS) had its price objective raised by JPMorgan Cazenove from $85.50 to $91.50 in a research report released on Thursday morning, StockRatingsNetwork.com reports. JPMorgan Cazenove has also updated their ratings on a number of other information technology stocks in the last week. The firm raised its price target on shares of NCR Corp. from $39.00 to $41.50. They have an overweight rating on that stock. Also, JPMorgan Cazenove raised its price target on shares of Diebold Inc. from $26.00 to $27.00. They have an underweight rating on that stock.