Welcome to our dedicated page for 3D Systems news (Ticker: $DDD), a resource for investors and traders seeking the latest updates and insights on 3D Systems stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect 3D Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of 3D Systems's position in the market.
Rhea-AI Summary
3D Systems delivers a signed merger agreement to Stratasys as an alternative to the Desktop Metal transaction. Urges Stratasys shareholders to vote against the Desktop Metal transaction. 3D Systems' binding offer expires on October 5, 2023. Stratasys' current share price is approaching a 10-year low. Stratasys affirmed that the 3D Systems combination would generate significantly more synergies and value creation. 3D Systems believes the Desktop Metal transaction will result in value destruction and encourages shareholders to vote against it.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.91%
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Rhea-AI Summary
Stratasys rejects revised proposal from 3D Systems to acquire the company for $7.00 in cash and 1.6387 newly issued shares of 3D Systems common stock per share, stating that it significantly undervalues Stratasys. Stratasys reaffirms support for pending combination with Desktop Metal. Concerns raised about 3D Systems' short-term growth prospects, profitability, synergy potential, regulatory risks, and management team's ability. Stratasys encourages shareholders to vote in favor of the merger with Desktop Metal.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.97%
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Rhea-AI Summary
3D Systems delivers revised proposal to combine with Stratasys, offering $7.00 in cash and 46% ownership of the combined company per Stratasys share. Stratasys rejects proposal, supports Desktop Metal merger. 3D Systems confident shareholders will support their combination.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.97%
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Rhea-AI Summary
3D Systems issues statement on ongoing partnership with Align Technology
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
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Rhea-AI Summary
Clarkson College and 3D Systems partner to establish 3D Printing and Training Center of Excellence
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.5%
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Rhea-AI Summary
3D Systems Corporation (DDD) reported Q2 2023 revenue of $128,194, a decrease of 8.5% from the previous year, driven by weakness in dental orthodontics markets. Excluding dental orthodontics, year-to-date revenue increased by over 3%. The net loss was $28,895, with a diluted loss per share of $0.22. Adjusted EBITDA for Q2 2023 improved over 30% sequentially, but declined year-over-year due to lower sales volume and inflationary impacts. The company is revising annual revenue guidance to $525-$545 million and updating Adjusted EBITDA guidance to attainment of positive Adjusted EBITDA in Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.42%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.51%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.64%
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Rhea-AI Summary
Stratasys Ltd. (Nasdaq: SSYS) responds to 3D Systems Corporation's press release, stating that they are still waiting for critical due diligence and regulatory analysis. Stratasys has provided requested data and conducted meetings, but 3D Systems has not reciprocated with the same level of information. Stratasys emphasizes the need for crucial details to make an informed decision, especially considering the majority of the proposed merger consideration comes in the form of 3D Systems common equity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.28%
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Rhea-AI Summary
3D Systems Corporation announces a target date of August 4, 2023 for completion of due diligence and merger agreement discussions with Stratasys Ltd. The company has increased its cost synergy projection from $100 million to $110 million. The merger consideration offered by 3D Systems is the best and final proposal. The merger agreement contains provisions for the benefit of Stratasys shareholders that are absent from the Desktop Metal merger agreement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.28%
Tags
3D Systems Corp
NYSE:DDD
DDD Rankings
DDD Stock Data
494.39M
129.38M
3.12%
66.91%
7.1%
Computer Storage Device Manufacturing
Manufacturing
United States of America
ROCK HILL
About DDD
3d systems provides the most advanced and comprehensive 3d digital design and fabrication solutions available today, including 3d printers, print materials and cloud-sourced custom parts. its powerful ecosystem transforms entire industries by empowering professionals and consumers everywhere to bring their ideas to life using its vast material selection, including plastics, metals, ceramics and edibles. 3ds’ leading personalized medicine capabilities save lives and include end-to-end simulation, training and planning, and printing of surgical instruments and devices for personalized surgery and patient specific medical and dental devices. its democratized 3d digital design, fabrication and inspection products provide seamless interoperability and incorporate the latest immersive computing technologies. 3ds’ products and services disrupt traditional methods, deliver improved results and empower its customers to manufacture the future now.