Editor’s Note: Related tickers: 3D Systems Corporation (NYSE:DDD), Stratasys, Ltd. (NASDAQ:SSYS), Hewlett-Packard Company (NYSE:HPQ)
Hawk Ridge Systems to Sell 3D Systems Printers in US, Canada (Ten Links)
3D Systems announced today that Hawk Ridge Systems, a leader in engineering design solutions and the top performing SolidWorks 3D CAD solution provider in the world joined its expanding reseller network. Under this agreement, Hawk Ridge Systems will sell and support 3D Systems Corporation (NYSE:DDD) complete portfolio of professional and personal 3D printers and materials in the United States and Canada. Dale Ford, president and CEO, Hawk Ridge Systems, said that recognized as the #1 worldwide SolidWorks resellers, Hawk Ridge Systems brings over 17 years of 3D design experience delivering best-in-class engineering software solutions, including SolidWorks and CAMWorks machining software.
Stratasys, Ltd. (NASDAQ:SSYS), with a market cap of $2.62B, was formed in 2012 by the merger of 3D printing companies Stratasys Inc. and Objet Ltd. Stratasys is a global provider of additive manufacturing solutions, which manufactures 3D printers and materials for prototyping and production. According to Lux Research’s report, the 3D printing market is expected to grow from $777 million in 2012 to $8.4 billion in 2025, fueled by automotive, aerospace and medical markets (poised to grow at 18% annually).
Hewlett-Packard (HPQ) Shareholders Push Back (InvestorGuide)
Over the past few weeks, Hewlett-Packard Company (NYSE:HPQ) shareholders, led by activist investor Ralph Whitworth, have been revolting against the beleaguered company’s board. Chairman Ray Lane, who narrowly won reelection at the company’s annual shareholders meeting with 60% of the vote, stepped down last week as the latest casualty of the company’s botched $11 billion acquisition of Autonomy. “After reflecting on the stockholder vote last month, I’ve decided to step down as executive chairman to reduce any distraction from Hewlett-Packard Company (NYSE:HPQ)’s ongoing turnaround,” Lane stated.
3D Systems Tops 5 Most-Liquid Small-Cap Leaders (Investor’s Business Daily)
IBD’s Small-Cap Leaders Screen Of The Day features highly rated companies valued at $1 billion or less. 3D Systems Corporation (NYSE:DDD) makes 3D printers that print objects layer by layer using liquid or powdered materials. The company has been leading the rapidly expanding industry. According a recent report by Lux Research, the global 3D printing market could soar to $8.4 billion in sales in 2025, up from $777 million in 2012. The automotive, aerospace and medical markets are expected to lead the way in demanding 3D printed items.
Stratasys Receives New Coverage from Analysts at Canaccord Genuity (SSYS) (Daily Political)
Canaccord Genuity started coverage on shares of Stratasys, Ltd. (NASDAQ:SSYS) in a research report released on Tuesday morning, TheFlyOnTheWall.com reports. The firm issued a buy rating and a $84.00 price target on the stock. “We are initiating coverage of Stratasys with a BUY rating and an $82 price target. We believe the combination of strong secular growth and a scarcity of public plays on 3D printing technology will continue to…
