The Latest Breaking News from Proto Labs Inc

The tech industry is witnessing steady growth amid widespread digitization initiatives and increasing reliance on technology. Given its solid growth prospects, investors could consider buying quality tech stocks such as Leidos Holdings (LDOS), PC Connection (CNXN), Proto Labs (PRLB), and Lantronix (LTRX). Read on.

The tech industry is benefitting from the growing digitization of business operations and the widespread adoption of cutting-edge technologies. Against this backdrop, investors could consider buying fundamentally strong tech stocks TD SYNNEX (SNX), AvePoint (AVPT), and Proto Labs (PRLB). Read more.

Increased adoption of 3D printing in aerospace and automotive industries is likely to enhance the growth of the 3D printing industry. Hence, fundamentally strong stocks Stratasys (SSYS), Proto Labs (PRLB), and Materialise (MTLS) might be ideal buys now. However, as the sector faces high costs and machine limitations, fundamentally weak…

Amid several macroeconomic uncertainties and prevailing recessionary risks, the stock market will likely remain volatile in the upcoming months. Amid such a macro environment, it could be wise to invest in high-quality stocks LiveRamp Holdings (RAMP), PROG Holdings (PRG), and Proto Labs (PRLB) for significant returns. Read more….

Proto Labs Inc (NYSE:PRLB) has appointed Dan Schumacher as its new Chief Financial Officer (CFO), effective immediately. Schumacher, currently serving as interim CFO at Protolabs, has overseen the company's investor relations for nearly five years in various leadership roles. Related: Proto Labs Appoints Dan Schumacher To Interim Role As CFO John Way Resigns Before…

Proto Labs Inc (NYSE:PRLB) reported first-quarter revenue growth of 6.9% year-over-year to $124.2 million, beating the consensus of $122.02 million. Hubs generated $10.3 million of revenue, an increase of 78.6% Y/Y, or ~38.2% organically. Adjusted EPS decreased to $0.38 from $0.40 in 1Q21, beating the consensus of $0.29. The gross margin contracted…

Proto Labs Inc (NYSE:PRLB) reported fourth-quarter revenue growth of 17.5% year-over-year to $123.6 million, beating the consensus of $117.36 million. Hubs generated $9.9 million of revenue, a 13% sequential increase. Adjusted EPS decreased to $0.41 from $0.50 in 4Q20, beating the consensus of $0.27. The gross margin contracted by 520 bps to 44.8%.…