3D Printing Stocks – Is This a 3D Printing Stock Market Bubble?
For Stratysys, Chief Executive Officer David Reis stated that the industry itself was still in an embryonic stage. He assured investors by noting that there are still major opportunities for the company in the long run. Stratasys’ new estimates reflect an adverse impact of $8.7 million from foreign exchange headwinds. The 3D printer storemanufacturer notes that it intends to bring down its total capital expenditure to $80 million from a prior $110 million this year. The company’s management notes that aside from consumables and customer support, Stratasys experienced weakness in its sales mix across all its geographical markets.