Streetbeat News

KRNT

Kornit Digital Ltd.

https://www.kornit.com

Industry

Industrial - Machinery

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company's solutions include digital printing systems, ink and other consumables, associated software, and value-added services. Its products and services include direct-to-garment printing platform for smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and maintenance and support, consulting, and professional services. The company serves decorators, online businesses, brand owners, and contract printers. Kornit Digital Ltd. was incorporated in 2002 and is headquartered in Rosh HaAyin, Israel.

Open

29.50

Mkt cap

1.5B

Volume

338K

High

31.20

P/E Ratio

-29.82

52-wk high

31.20

Low

29.40

Div yield

N/A

52-wk low

13.59

Needham analyst James Ricchiuti has reiterated a Buy rating on Kornit Digital (NASDAQ:KRNT) and maintained a $27 price target.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:13 am

Kornit Digital shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results and issued Q3 revenue guidance with its midpoint above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 7:26 pm

Kornit Digital has provided its guidance for the third quarter of 2024, expecting revenues between $48 million and $52 million, slightly below the consensus of $49.322 million. The company also anticipates an adjusted EBITDA margin of 1% to 6%.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:34 am

Kornit Digital (NASDAQ:KRNT) reported Q2 2024 adjusted EPS of $0.02, beating the $(0.01) estimate, but sales of $48.621M missed the $49.322M estimate. EPS improved significantly from $(0.15) last year, while sales decreased by 13.48% from $56.199M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:32 am

Needham analyst James Ricchiuti reiterated a Buy rating on Kornit Digital (NASDAQ:KRNT) and maintained a $27 price target.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:01 pm

Kornit Digital forecasts Q2 FY24 revenues to be between $47M-$52M, falling short of the consensus estimate of $53.45M. The company also anticipates an adjusted EBITDA margin ranging from -10% to 0%.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:39 am

Kornit Digital reported Q1 2024 adjusted EPS of $(0.11), surpassing the $(0.13) estimate, but its sales of $43.776M fell short of the $45.166M forecast, marking an 8.38% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:35 am

Kornit Digital's stock price increased following the announcement of their Q4 adjusted EPS results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 4:12 pm

Kornit Digital forecasts Q1 FY24 revenues to be between $43M-$48M, compared to a consensus of $46.91M. The company also anticipates an adjusted EBITDA margin ranging from -16% to -26%.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:34 pm

Kornit Digital (NASDAQ:KRNT) reported Q4 earnings of $0.08 per share, surpassing the $(0.01) estimate, marking a 161.54% increase from last year. However, their Q4 sales of $56.59M fell short of the $57.51M estimate, a 10.61% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:32 pm

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