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Last week, 3d systems (DDD – Free Report) released a new material – VisiJet Wax Jewel Red – allowing jewelry makers to design and produce more intricate designs. The company plans to make the product available to customers starting September 20.
The new VisiJet Wax Jewel Red material is specially developed to meet the needs of jewelry makers producing models that include fusion and setting designs. The material unlocks design styles for 100% wax casting, while improving production efficiency and reducing waste.
3D Systems claims that the VisiJet Wax Jewel Red material integrates seamlessly with the company’s 3D wax printing technology and additive manufacturing software. This conjunction gives jewelry makers greater design freedom and makes it easier to print and mold designs on the same day, eliminating tooling time and costs.
3D printing technology has the potential to revolutionize manufacturing and improve the commercial space. Various companies, from hospital managers to automakers, are now opting for varied 3D solutions to meet simple make-to-stock orders as well as complex engineer-to-order production strategies.
Therefore, the company has extended its business processes to meet the growing demand in various industries. For example, sectors like automotive, consumer products, government and defense, industrial / commercial machinery, educational research and others (arts and architecture) are likely to drive demand for products from 3d printing. Apart from this, the aerospace and multi-billion dollar oil and gas industries also show a penchant for 3D printing, which will fuel the growth of the company in the days to come.
In addition, 3D Systems made acquisitions to diversify its offerings, add synergistic technology and extend the company’s domain expertise into operating markets. The company has already secured an important foothold in sectors like manufacturing, medical and aerospace, while also pursuing unconventional sectors like food and fashion. 3D Systems expects its innovative product portfolio to generate organic growth of over 30% over the next two years, thereby increasing the company’s margins and profits.
With the boom in the 3D printing industry, the company’s concentration in this market presents a favorable long-term opportunity. In fact, the majority of 3D Systems customers are moving from prototyping to final production, using 3D printing technology, and the company believes it is well positioned to support their transformation. He predicts that strong demand for production printers, materials and software will continue to be a key enabler in the days to come.
Zacks ranking and actions to take into account
3D Systems currently has a Zacks Rank # 3 (Hold).
Top ranked stocks in the broader tech sector include Microsoft (MSFT – Free report), Cadence Design Systems (CDNS – Free report), and NVIDIA (NVDA – Free Report), all of which have a Zacks rank of 2, at the moment. You can see The full list of Zacks # 1 Rank (Strong Buy) stocks today here.
The long-term profit growth rate for Microsoft, Cadence Design and NVIDIA is currently set at 11.1%, 11.7% and 17.7%, respectively.
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