Daktronics Shares Are Jumping: 'Our 2025 Priorities Are To Execute Broad Digital Transformation'
Portfolio Pulse from Lekha Gupta
Daktronics, Inc. (NASDAQ:DAKT) shares surged following strong Q4 FY24 results, with sales hitting a record $215.9 million, beating the consensus of $186.19 million. Despite an EPS miss, the company saw significant growth in new orders and operating income. CEO Reece Kurtenbach outlined priorities for a broad digital transformation in fiscal 2025.
June 26, 2024 | 3:17 pm
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Daktronics shares surged 26.65% after reporting strong Q4 FY24 results with record sales of $215.9 million, beating the consensus estimate. Despite an EPS miss, the company saw significant growth in new orders and operating income. CEO Reece Kurtenbach outlined priorities for a broad digital transformation in fiscal 2025.
The strong Q4 FY24 results, including record sales and significant growth in new orders and operating income, have positively impacted Daktronics' stock price. The CEO's outlined priorities for digital transformation in fiscal 2025 further bolster investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100