3D Systems introduces EXT 800 Titan Pellet for 3D printing, catering to diverse industries

From CNBC: 2024-06-19 12:21:00

3D Systems Corporation is expanding its 3D Printing portfolio with the introduction of the EXT 800 Titan Pellet system, offering a build volume of 800 x 600 x 800 mm. This compact system combines speed, reliability, and efficiency, catering to the diverse needs of manufacturers across various industries like aerospace, defense, and prosthetics.

The company benefits from a robust portfolio, focusing on high-speed, cost-effective 3D printing solutions. Demand for metal 3D printing services is on the rise, with recent expansions in manufacturing capabilities. Despite global market opportunities in digital dentistry, macroeconomic challenges and competition from new entrants in China have impacted performance in 2024.

3D Systems projects non-GAAP revenues of $475-505 million for 2024. The company holds a Zacks Rank #3 (Hold), with better-ranked stocks like Arista Networks (ANET), Alphabet (GOOGL), and Dropbox (DBX) all sporting a Zacks Rank #1(Strong Buy). Shares have shown mixed performances in the year-to-date period, with varying long-term earnings growth rates for each company.

Zacks Investment Research identifies 3D Systems Corporation (DDD), Alphabet Inc. (GOOGL), Arista Networks, Inc. (ANET), and Dropbox, Inc. (DBX) as top stocks to watch. View the full report for free from Zacks to gain insights and recommendations for your investment decisions.



Read more at CNBC: 3D Systems (DDD) Expands Portfolio With EXT 800 Titan Pellet