Kornit Digital (NASDAQ:KRNT) Stock, Quote.Headers.trade-ideas

Kornit Digital

Kornit Digital Ltd develops, designs and markets digital printing solutions for the world-wide printed textile industry. The company focuses on its DTG and DTF segments of the printed textile industry. Its solutions include digital printing systems, ink and other consumables, associated software and value-added services that allow for large-scale printing of short runs of complex images and designs directly on finished garments and fabrics. It generates revenue from sales of systems, ink and other consumables and service including software subscriptions The company geographically operates in U.S., EMEA, Asia Pacific and other countries. It derives maximum revenue from U.S.

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Calavo Growers Posts Better-Than-Expected Earnings, Joins Tesla, Oracle, Mission Produce And Other Big Stocks Moving Higher On Tuesday

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

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U.S. stocks traded mixed, with the Dow Jones dropping around 70 points on Wednesday. Here are some big stocks recording gains in today’s session.

Upstart, Compass, RingCentral And Other Big Stocks Moving Higher On Wednesday

Kornit Digital Ltd

Krones AG

<ul>
<li>On-demand, medium-runs production enables company to deliver custom apparel for large sports organizations while seamlessly switching designed team logos, names, and numbers &nbsp;</li>
<li>Second purchase of Kornit's Atlas MAX POLY allows DO Apparel to leverage a faster, cost-effective solution for digital production of sportswear and teamwear – more effectively than screen printing &nbsp;</li>
</ul>
ROSH-HA`AYIN, Israel, Sept. 16, 2024 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=VDO9chiuYm86ZzUkdcro-pqO05jFA62vuS4W8_7DBpnqIwKNTUohL-PI8zlzu7f6LZVgb7JKm3wKpyLvlju1L7ifAd5BsQt2MjLJl3SeAUk=">Kornit Digital LTD.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) ("Kornit" or the "Company"), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, announced today the Company is further extending its relationship with DO Apparel – a full-service custom apparel company focusing on creative sports garments for major league teams across basketball, football and baseball. DO Apparel continues to embrace on-demand, digital production as a more effective alternative to screen printing, better suited to match the unique requirements of custom sports apparel such as jerseys, uniforms and t-shirts.

DO Apparel Expands Digital Production Of Custom Jerseys For Large Sports Brands With Kornit Digital

Morgan Stanley analyst Erik Woodring maintains Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) with a Overweight and raises the price target from $20 to $26.

Morgan Stanley Maintains Overweight on Kornit Digital, Raises Price Target to $26

Needham analyst James Ricchiuti reiterates Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) with a Buy and maintains $27 price target.

Reiteration

Needham Reiterates Buy on Kornit Digital, Maintains $27 Price Target

Craig-Hallum analyst Greg Palm maintains Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) with a Buy and raises the price target from $23 to $27.

Craig-Hallum Maintains Buy on Kornit Digital, Raises Price Target to $27

<ul>
<li>Global leader in print mass customization, known for its groundbreaking innovations, teams with Kornit to set new industry standards</li>
<li>OGAT redefines traditional mass production models with cutting-edge technology, combining Kornit's digital direct-to-fabric pigment printing with a comprehensive on-demand production workflow &nbsp;</li>
<li>The future of fashion is here – limitless creativity, finished garments within days, no minimum orders, increased profitability through the elimination of unsold inventory, all within a sustainable production model &nbsp;</li>
</ul>
LAS VEGAS, Sept. 11, 2024 (GLOBE NEWSWIRE) -- PRINTING UNITED EXPO--<a href="https://www.globenewswire.com/Tracker?data=M6QhrfWFZhtY_9_nBPAqLyL9oaH7vISsEH9HPmTERmvu7wFiO0JetRQKhp4w5NnsQsStz36K3PM9PoNzbuFOWn3iF_ezqyFYznRtq0qC5SQ=">Kornit Digital LTD.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) ("Kornit" or the "Company"), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, announced today the Company is teaming with fashion pioneer OGAT - One Garment at a Time, a new brand launched by Pixartprinting, part of Cimpress (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPR#NASDAQ">CMPR</a>), to power the future of fashion - today. The brand embraces Kornit's award-winning direct-to-fabric technology alongside advanced product creation and logistics workflows, to set new standards for fashion, challenging outdated production models with innovative on-demand solutions.

CMPR

OGAT And Kornit Digital Team Up In Fashion Production With On-Demand, Sustainable Technology

WIIM

Kornit Digital shares are trading higher after the company announced it authorized a $100 million share repurchase program.

U.S. stocks were mixed, with the Dow Jones index falling around 100 points on Tuesday.
Shares of Calavo Growers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) rose sharply during Tuesday's session as the company posted stronger-than-expected <a href="https://www.benzinga.com/news/earnings/24/09/40782532/calavo-growers-stock-climbs-after-q3-results-dividend-increase-details">results for its third quarter.</a>
Calavo Growers reported quarterly earnings of 57 cents per share, which beat the analyst consensus estimate of 43 cents by 32.56%.&nbsp; The company reported quarterly sales of $179.6 million which beat the analyst consensus estimate of $178.54 million.
The company increased its cash dividend by 10 cents per share to 20 cents per share to be paid on Oct. 30, 2024, to shareholders of record on Oct. 2, 2024
Calavo Growers shares jumped 12.5% to $26.76 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Mission Produce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVO#NASDAQ">AVO</a>) shares jumped 17.1% to $12.52 after the company reported better-than-expected third-quarter financial results.</li>
<li>Avid Bioservices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDMO#NASDAQ">CDMO</a>) shares jumped 15.8% to $10.37 following a narrower-than-expected quarterly loss.</li>
<li>Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) rose 12.5% to $157.33 following upbeat quarterly earnings.</li>
<li>Centessa Pharmaceuticals plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTA#NASDAQ">CNTA</a>) gained 12.3% to $16.77 after the company announced interim data from an ongoing Phase 1 trial of ORX750 in acutely sleep-deprived healthy volunteers.</li>
<li>Boot Barn Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) rose 12.1% to $156.48 after BTIG raised its price target on the stock from $150 to $165.</li>
<li>Terns Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TERN#NASDAQ">TERN</a>) gained 11.8% to $10.14. Terns announced a $125 million proposed public offering.</li>
<li>Viridian Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRDN#NASDAQ">VRDN</a>) jumped 10.8% to $15.72 after the company reported topline data from the THRIVE phase 3 clinical trial of VRDN-001 in patients with active thyroid eye disease.</li>
<li>InMode Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INMD#NASDAQ">INMD</a>) gained 10.7% to $17.19 after announcing a share repurchase program of up to 7.68 million shares.</li>
<li>Kornit Digital Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) rose 8.8% to $19.83. Kornit Digital's board authorized a $100 million share repurchase program.</li>
<li>Highest Performances Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPH#NASDAQ">HPH</a>) jumped 8.4% to $1.55.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) rose 5.5% to $19.92.</li>
<li>Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) gained 5.3% to $384.32.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 4% to $224.82, buoyed by positive tidings from China. Vehicle insurance registration data for Tesla vehicles came in at a robust 16,200 for the week ended Sept. 8, CnEVPost reported, citing data provided by Li Auto. This compares to the previous week's number of 14,400 units and marked the strongest increase since the 17,500 units reported for the third week of June..</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40790502/wall-streets-most-accurate-analysts-weigh-in-on-3-tech-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Tech Stocks Delivering High-Dividend Yields</a></li>
</ul>

Buybacks

Kornit Digital Board Authorizes $100M Share Repurchase Program

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.

Third Quarter&nbsp;2024&nbsp;Guidance
For the&nbsp;third quarter&nbsp;of 2024, the Company expects revenues to be in the range of&nbsp;$48 million&nbsp;to&nbsp;$52 million&nbsp;and adjusted EBITDA margin between&nbsp;1%&nbsp;to&nbsp;6%.

Earnings

Guidance

Kornit Digital Expects Q3 2024 Revenues Of $48M-$52M Vs. $49.322M Consensus; Sees Adjusted EBITDA Margin Of 1% to 6%

Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $(0.01) by 300 percent. This is a 113.33 percent increase over losses of $(0.15) per share from the same period last year. The company reported quarterly sales of $48.621 million which missed the analyst consensus estimate of $49.322 million by 1.42 percent. This is a 13.48 percent decrease over sales of $56.199 million the same period last year.

Earnings Beats

Earnings Misses

Kornit Digital Q2 2024 Adj. EPS $0.02 Beats $(0.01) Estimate, Sales $48.621M Miss $49.322M Estimate

Kornit Digital Expects Q2 FY24 Revenues Of $47M-$52M Vs. Consensus Of $53.45M; Sees Adjusted EBITDA Margin Of -10% to 0%

Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) reported quarterly losses of $(0.11) per share which beat the analyst consensus estimate of $(0.13) by 15.38 percent. The company reported quarterly sales of $43.776 million which missed the analyst consensus estimate of $45.166 million by 3.08 percent. This is a 8.38 percent decrease over sales of $47.778 million the same period last year.

Kornit Digital Q1 2024 Adj EPS $(0.11) Beats $(0.13) Estimate, Sales $43.776M Miss $45.166M Estimate

Kornit Digital shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results.

Kornit Digital Expects Q1 FY24 Revenues Of $43M-$48M Vs. Consensus Of $46.91M; Sees Adjusted EBITDA Margin Between -16% to –26%

Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) reported quarterly earnings of $0.08 per share which beat the analyst consensus estimate of $(0.01) by 900 percent. This is a 161.54 percent increase over losses of $(0.13) per share from the same period last year. The company reported quarterly sales of $56.59 million which missed the analyst consensus estimate of $57.51 million by 1.61 percent. This is a 10.61 percent decrease over sales of $63.30 million the same period last year.

Kornit Digital Q4 Adj. EPS $0.08 Beats $(0.01) Estimate, Sales $56.59M Miss $57.51M Estimate

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Earnings Scheduled For February 14, 2024

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Shares of several companies in the broader industrial sector are trading lower as stocks fall following a greater-than-expected increase in January inflation data.

Needham analyst James Ricchiuti maintained a Buy rating on Kornit Digital (KRNT – Research Report) today and set a price target of $27.00. James Ri...

Buy Rating Justified by Kornit Digital's Strong Margins, Innovative Revenue Model, and Positive Growth Outlook

In a report released today, Tavy Rosner from Barclays maintained a Hold rating on Kornit Digital (KRNT – Research Report), with a price target of $...

Kornit Digital (KRNT) Receives a Hold from Barclays

Kornit Digital: Investors Cheer New Go-To-Market Approach But Downgrading On Valuation

Kornit Digital (KRNT) has released an update. Kornit Digital Ltd. successfully conducted its 2024 annual general meeting with a strong shareholder ...

Kornit Digital Shareholders Approve Key Proposals

Craig-Hallum analyst Greg Palm maintained a Buy rating on Kornit Digital (KRNT – Research Report) today. The company's shares closed last Friday at...

Craig-Hallum Sticks to Their Buy Rating for Kornit Digital (KRNT)

Kornit Digital board authorizes $100M share repurchase program

Kornit Digital (KRNT) has released an update. Kornit Digital Ltd. has announced a $100 million share repurchase program, signifying the Board of Di...

Kornit Digital Launches $100M Share Buyback Plan

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Kornit Digital

Kornit Digital (KRNT) Forecast

Kornit Digital (NASDAQ:KRNT) Stock, Quote.Headers.trade-ideas