Why 3D Systems Shares Jumped
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of 3D Systems have jumped today by as much as 12% after the company launched two next-generation 3-D printers.
So what: The ProJet 3500 HDMax And ProJet 3500 CPXMaxprofessional series are now available and offer higher productivity and larger prints, among other features. The printers utilize 3D Systems' newest patented Multi-Jet Modeling technology and product VP Buddy Byrum said they're the company's best yet.
Now what: The new models also feature connectivity with mobile devices like smartphones and tablets for remote control. 3D Systems continues to post strong growth, so it's important for it to continue releasing new models to ride that momentum. Excluding Cube printer units, printer units sold skyrocketed by 123% last quarter and the company had a backlog of $9.3 million.
3D Systems is at the leading edge of a disruptive technological revolution, with the broadest portfolio of 3-D printers in the industry. However, despite years of earnings growth, 3D Systems' share price has risen even faster, and today the company sports a dizzying valuation. To help investors decide whether the future of additive manufacturing is bright enough to justify the lofty price tag on the company's shares, The Motley Fool has compiled a premium research report on whether 3D Systems is a buy right now. In our report, we take a close look at 3D Systems' opportunities, risks, and critical factors for growth. You'll also find reasons to buy or sell, and receive a full year of analyst updates with the report. To start reading, simply click here now for instant access.
The article Why 3D Systems Shares Jumped originally appeared on Fool.com.Fool contributor Evan Niu, CFA, has no positions in the stocks mentioned above. The Motley Fool owns shares of 3D Systems and has the following options: short JAN 2014 $55.00 calls on 3D Systems and short JAN 2014 $30.00 puts on 3D Systems. Motley Fool newsletter services recommend 3D Systems. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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