3D Systems-Thermo Fischer to Advance Education System - Analyst Blog
Lately, 3D Systems Corp. DDD has been dedicatedly aiming towards ensuring impressive financial results in the quarter ahead via a spate of diverse deals. After joining hands with U.S. Navy for military supplies, the company is set to contribute towards advance learning of next generation of scientists and engineers.
To be particular, 3D Systems penned a reseller contract with Thermo Fisher Scientific Inc. TMO – a scientific instrument maker and a world leader in serving science – to spread out its national education reach. As per the deal, Thermo Fisher will sell 3D Systems’ popular product portfolio to K-12 as well as university level educators.
The combined offering of 3D Systems’ popular products like Cube and CubePro 3D printers, Sense3D scanners and education-friendly CAD software, will aid these educators in providing complete educational solutions along with advanced programs to the students.
Notably, this new deal is at par with 3D Systems’ “MAKE.DIGITAL” initiative aimed at ensuring the accessibility and usage of 3D design and printing for K-12 educators to empower the national education system. With the Thermo Fisher alliance, 3D Systems will contribute towards advancement of STEM (Science, Technology, Engineering and Math) education in the U.S.
We believe the company’s latest move reflects its efforts toward taking 3D printing to a whole new level by expanding its reach and adaptability across various industries. 3D Systems reported dismal results earlier this month, mainly as a result of low spending by key customers in aerospace, automotive and healthcare business. The above-mentioned deal will likely provide 3D Systems’ prospects with a much required boost, going forward.
3D Systems presently carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the technology sector include Cirrus Logic Inc. CRUS and Silicon Motion Technology Corp. SIMO, each sporting a Zack Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
THERMO FISHER (TMO): Free Stock Analysis Report
3D SYSTEMS CORP (DDD): Free Stock Analysis Report
CIRRUS LOGIC (CRUS): Free Stock Analysis Report
SILICON MOTION (SIMO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
