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Relatively High Forward P/E Ratio Detected in Shares of 3D Systems Corp in the Technology Hardware, Storage & Peripherals Industry (DDD, SSYS, AVID, AAPL, NTAP)

By James Quinn

Below are the three companies in the Technology Hardware, Storage & Peripherals industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

3D Systems Corp ranks highest with a a forward P/E ratio of 51.30. Following is Stratasys Ltd with a a forward P/E ratio of 40.23. Avid Technology ranks third highest with a a forward P/E ratio of 38.04.

Apple Inc follows with a a forward P/E ratio of 23.79, and Netapp Inc rounds out the top five with a a forward P/E ratio of 16.13.

SmarTrend recommended that subscribers consider buying shares of Apple Inc on August 20th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $211.84. Since that recommendation, shares of Apple Inc have risen 47.6%. We continue to monitor Apple Inc for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio 3d systems corp stratasys ltd avid technology apple inc netapp inc

Ticker(s): DDD SSYS AVID AAPL NTAP