During Tuesday’s Afternoon trade, Shares of Autodesk, Inc. (NASDAQ:ADSK), lost -1.30% to $54.68.
Autodesk, Inc. (ADSK) declared that Spark, its open 3D printing platform, has been embedded into Windows 10.
To make 3D printing more accessible to Windows users worldwide, the Spark 3D printing platform will provide an optimized 3D printing experience directly within Windows 10. This assists streamline the additive manufacturing process from design to fabrication. Autodesk will also make the free* Spark APIs accessible to the Microsoft developer community, further extending the reach and growth of the 3D printing industry.
Autodesk, Inc. operates as a design software and services company worldwide. The company’s Architecture, Engineering and Construction segment offers Autodesk Building Design Suites to manage various phases of design and construction; Autodesk Revit products that provide model-based design and documentation systems; Autodesk Infrastructure Design Suites; AutoCAD Civil 3D products that offer a surveying, design, analysis, and documentation solution; and AutoCAD Map 3D software, which offers direct access to data needed for infrastructure planning, design, and administration.
Shares of TTM Technologies, Inc. (NASDAQ:TTMI), inclined 0.20% to $7.64, during its Afternoon trading session.
Stifel analyst Matthew Sheerin downgraded the rating on TTM Technologies, Inc. (TTMI) from Buy to Hold. The analyst believes that the successful integration of Viasystems Group, Inc. (NASDAQ: VIAS) is already priced into the stock.
The rating on the company had been upgraded in April 2014 after TTM Technologies successfully ramped new product lines for Apple Inc. (NASDAQ: AAPL) in 2H14, which led to margin expansion and revenue growth for the former company. TTM Technologies also successfully trimmed its portfolio and implemented cost cutting initiatives, while also concluding the Viasystems acquisition.
The company has been able to achieve cost savings worth about $55 million, most of which was driven by overhead reduction, while the rest was contributed by operating plant efficiencies. The analyst anticipates further cost saving to be gradual, with most of the benefits coming in during 1HF16. However, the analyst also anticipates incremental expenses due to the recent loan.