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3D Systems Growth Strategies on Track, Should You Buy? - Analyst Blog

Zacks Equity Research
Updated

3D Systems Corporation (DDD) has been making consistent efforts to expand its business and strengthen its operational efficiency. Apart from driving organic growth, the company has also been pursuing strategic acquisitions to expand its product portfolio.

As part of its efforts to introduce new and innovative products, the company recently unveiled its full color desktop printer, CubePro C. This printer is designed using the technology from botObjects, the company’s latest acquisition.

Of late, 3D printing industry has been gaining momentum on the back of rising demand for diverse applications of this novel technology across several domains. Riding on the demand wave, the company is strategizing towards advancing 3D printing to a completely new level by expanding its reach and adaptability across various industries.

Having already secured its place in sectors like manufacturing, medical and aerospace, the company is now targeting unconventional sectors like food and fashion. In fact, increasing demand has pushed companies like 3D Systems to beef up their production capabilities within a very short time.

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However, rapid growth is bringing in its wake financial pressures too, as the company has to constantly invest in research and development initiatives as well as financing its acquisitions. Moreover, severe competition in the industry, amid persisting economic uncertainty, coupled with foreign currency risks, remain the concerns.

Only time will tell that whether these strategic initiatives will eventually leverage this Zacks Rank #3 (Hold) stock to ride the growth track and outpace peers like Stratasys Ltd. (SSYS), The ExOne Company (XONE) and Voxeljet AG (VJET), among others.

A deeper insight on 3D Systems can be obtained from our most recent research report issued on Jan 7, 2015.


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STRATASYS LTD (SSYS): Free Stock Analysis Report
 
3D SYSTEMS CORP (DDD): Free Stock Analysis Report
 
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Zacks Investment Research