3D Systems DDD Stock AnalysisThe Idea is to go long - Target price 32 usd
Fundamental Analysis
3D Systems Completes Sale of Cimatron and GibbsCAM Businesses and Provides Preliminary Financial Results for Fourth Quarter 2020
1. Close of sale of non-core software businesses for cash proceeds of approximately $64 million
2. Repayment of all debt outstanding under senior secured term loan
3. Official termination of ‘At-the-Market’ Equity Offering Program
4. Strong Q4 preliminary financial performance with expected revenues between $170 million and $176 million
5. Expected revenue reflects strong organic growth exceeding 20% in both Healthcare and Industrial business units on a consecutive quarter basis
NYSE:DDD
