HP (HPQ) recently opened a new 3D printing center in China. Seeking to produce components and prototypes faster and more efficiently, manufacturers are adopting 3D printers.
Acacia’s shares fell 7.4% in the week ended on May 19, while its shares fell 39.7% in the last six months. Its revenue has risen more than 100% annually.
Cisco Systems (CSCO) plans to announce its fiscal 3Q17 results on May 16, 2017. Analysts estimate revenues of ~$11.9 billion, which would represent a decline from its 3Q16 revenues of $12.0 billion.
US-based technology company Stratasys (SSYS) has a market capitalization of $1.1 billion. It rose by 4.9% to close at $22.89 per share on June 30, 2016.
Stratasys (SSYS) shares have risen 21.8% in the trailing five-day period ended March 9, 2016. But on March 10, SSYS stock fell, wiping out any gains it made.
At HP Inc, Enrique Lores replaces Stephen Nigro, Senior VP of Imaging and Printing, who will helm 3D printing. Nigro and Lores will report to Dion Weisler.
HP aims to offset recent declines in printer and supply sales by focusing on “pockets of growth” in the printing market, estimated at about $230 billion.
On September 2, Fortune reported that Steve Nigro, HP’s (HPQ) senior vice president of imaging and printing, will take charge of the company’s 3D Printing business for the soon-to-form HP Inc.
Coatue Management reduced its position in 3D Systems in 4Q14. It’s position is valued at $35 million and accounts for 0.33% of the fund’s fourth quarter portfolio.
In the fourth quarter of 2014, JAT Capital lowered its position in Stratasys (SSYS). The position now accounts for 0.32% of the fund’s overall portfolio.
According to Wholers Associates, the sale of 3D printing products and services—printers, ink, and products—is expected to surpass $10.8 billion by 2021.
The 3D industry players saw huge share price gains in 2013. But HP’s lower costs and faster throughput will make the 3D printing industry more competitive.
According to Gartner, there are seven technologies making up the current 3D printing industry. Material extrusion is expected to lead growth in the market.
JAT Capital lowered its position in Comcast Corporation (CMCSA). The stock accounted for 1.75% of the fund’s portfolio for the quarter ending in September.
JAT Capital lowered its position in Melco Crown Entertainment Ltd. (MPEL). The stock accounted for 2.63% of the fund’s portfolio for the quarter ending in September.
Hewlett-Packard (or HP) (HPQ) is an established brand in the peripherals and computing industry. The International Data Corporation (or IDC) stated that the worldwide hardcopy peripherals market—that includes printers, multi-function printers, and digital copiers—was worth 122 million units in 2013. HP led the worldwide hardcopy peripherals market.
HP ‘s Printing revenue was down 2% year over year to $5.8 billion with a 16.8% operating margin for the first quarter of fiscal 2014. In the previous quarter as well, revenues from printing products dipped 1% to $6.04 billion. HP said its printing business, which accounted for 20% of the total revenue for 1Q 2014, […]
