Latest news for Daktronics (NASDAQ:DAKT) Stock

Daktronics

Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.

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Daktronics (NASDAQ: DAKT) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.

Daktronics Q1 Earnings and Revenues Top Estimates

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Daktronics Inc

In a recent SEC filing, it was disclosed that Reece A Kurtenbach, Chairman at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), made a noteworthy acquisition of company stock options on September 19,.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000126//Archives/edgar/data/915779/000091577924000126/0000915779-24-000126-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Kurtenbach, Chairman at Daktronics, a company in the Information Technology sector, acquired stock options for 4,180 shares of DAKT. The options allow Kurtenbach to buy the company's stock at $11.87 per share.
As of Friday morning, Daktronics shares are down by 0.0%, with a current price of $12.44. This implies that Kurtenbach's 4,180 shares have a value of $2,382.
<h3>Discovering Daktronics: A Closer Look</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Daktronics: Delving into Financials</h3>
Negative Revenue Trend: Examining Daktronics's financials over 3 months reveals challenges. As of 31 July, 2024, the company experienced a decline of approximately -2.77% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 26.4%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Daktronics's EPS is below the industry average. The company faced challenges with a current EPS of -0.11. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Daktronics's debt-to-equity ratio is below the industry average at 0.32, reflecting a lower dependency on debt financing and a more conservative financial approach.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Daktronics's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 59.24.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.71, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 6.28 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Relevance of Insider Transactions</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Reece A Kurtenbach Expands Holdings With Daktronics Stock Options

A new SEC filing reveals that Kevin P. McDermott, Director at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), made a notable insider purchase on September 11,.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000103//Archives/edgar/data/915779/000091577924000103/0000915779-24-000103-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday unveiled that McDermott made a notable purchase of 7,160 shares of Daktronics, valuing at $84,989.
As of Thursday morning, Daktronics shares are up by 0.9%, currently priced at $12.3.
<h3>All You Need to Know About Daktronics</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Daktronics: Delving into Financials</h3>
Decline in Revenue: Over the 3 months period, Daktronics faced challenges, resulting in a decline of approximately -2.77% in revenue growth as of 31 July, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 26.4%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Daktronics's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of -0.11.
</li>
</ul>
Debt Management: Daktronics's debt-to-equity ratio is below the industry average. With a ratio of 0.32, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 58.05, Daktronics's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.7, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 6.15, Daktronics could be considered undervalued.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Director Of Daktronics Makes $84K Buy

On September 11, a substantial insider purchase was made by Jose-Marie Griffiths, Director at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), as per the latest SEC filing.
What Happened: In a significant move reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000104//Archives/edgar/data/915779/000091577924000104/0000915779-24-000104-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday, Griffiths purchased 7,160 shares of Daktronics, demonstrating confidence in the company's growth potential. The total value of the transaction stands at $84,989.
As of Thursday morning, Daktronics shares are up by 0.9%, currently priced at $12.3.
<h3>About Daktronics</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Financial Milestones: Daktronics's Journey</h3>
Revenue Challenges: Daktronics's revenue growth over 3 months faced difficulties. As of 31 July, 2024, the company experienced a decline of approximately -2.77%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 26.4%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Daktronics's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of -0.11.
</li>
</ul>
Debt Management: Daktronics's debt-to-equity ratio is below the industry average at 0.32, reflecting a lower dependency on debt financing and a more conservative financial approach.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: A higher-than-average P/E ratio of 58.05 suggests caution, as the stock may be overvalued in the eyes of investors.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.7 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Daktronics's EV/EBITDA ratio, lower than industry averages at 6.15, indicates attractively priced shares.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Exploring the Significance of Insider Trading</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Jose-Marie Griffiths Of Daktronics Shows Optimism, Buys $84K In Stock

Lance D. Bultena, Board Member at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), reported an insider buy on September 11, according to a new SEC filing. 
What Happened: Bultena made a significant move by purchasing 7,160 shares of Daktronics as reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000106//Archives/edgar/data/915779/000091577924000106/0000915779-24-000106-index.htm">U.S. Securities and Exchange Commission</a>. The transaction's total worth stands at $84,989.
Daktronics shares are trading down 0.0% at $12.19 at the time of this writing on Thursday morning.
<h3>Get to Know Daktronics Better</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Daktronics's Financial Performance</h3>
Revenue Growth: Daktronics's revenue growth over a period of 3 months has faced challenges. As of 31 July, 2024, the company experienced a revenue decline of approximately -2.77%. This indicates a decrease in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 26.4%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Daktronics exhibits below-average bottom-line performance with a current EPS of -0.11.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.32, Daktronics adopts a prudent financial strategy, indicating a balanced approach to debt management.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Daktronics's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 58.05.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.7, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 6.15 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Important Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Daktronics Board Member Trades $84K In Company Stock

A new SEC filing reveals that Howard I Atkins, Director at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), made a notable insider purchase on September 11,.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000109//Archives/edgar/data/915779/000091577924000109/0000915779-24-000109-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Atkins purchased 7,160 shares of Daktronics. The total transaction amounted to $84,989. 
At Thursday morning, Daktronics shares are down by 0.0%, trading at $12.19.
<h3>Get to Know Daktronics Better</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Daktronics: A Financial Overview</h3>
Decline in Revenue: Over the 3 months period, Daktronics faced challenges, resulting in a decline of approximately -2.77% in revenue growth as of 31 July, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: With a low gross margin of 26.4%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Daktronics's EPS is below the industry average. The company faced challenges with a current EPS of -0.11. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.32, Daktronics adopts a prudent financial strategy, indicating a balanced approach to debt management.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 58.05 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 0.7 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 6.15 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Impact of Insider Transactions on Investments</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Daktronics Director Trades $84K In Company Stock

A significant insider buy by Andrew Siegel, Director at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), was executed on September 11, and reported in the recent SEC filing.
What Happened: Siegel demonstrated confidence in Daktronics by purchasing 7,160 shares, as reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000110//Archives/edgar/data/915779/000091577924000110/0000915779-24-000110-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the transaction is $84,989.
At Thursday morning, Daktronics shares are down by 0.0%, trading at $12.19.
<h3>Unveiling the Story Behind Daktronics</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Daktronics's Economic Impact: An Analysis</h3>
Revenue Growth: Daktronics's revenue growth over a period of 3 months has faced challenges. As of 31 July, 2024, the company experienced a revenue decline of approximately -2.77%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 26.4%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Daktronics's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of -0.11.
</li>
</ul>
Debt Management: Daktronics's debt-to-equity ratio is below the industry average. With a ratio of 0.32, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: Daktronics's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 58.05.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.7 is lower than the industry average, implying a discounted valuation for Daktronics's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Indicated by a lower-than-industry-average EV/EBITDA ratio of 6.15, the company suggests a potential undervaluation, which might be advantageous for value-focused investors.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Deciphering Transaction Codes in Insider Filings</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Smart Money Move: Andrew Siegel Grabs $84K Worth Of Daktronics Stock

A significant insider buy by John P. Friel, Director at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), was executed on September 11, and reported in the recent SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000111//Archives/edgar/data/915779/000091577924000111/0000915779-24-000111-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Friel purchased 7,160 shares of Daktronics. The total transaction amounted to $84,989. 
As of Thursday morning, Daktronics shares are up by 0.9%, currently priced at $12.3.
<h3>About Daktronics</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Financial Milestones: Daktronics's Journey</h3>
Revenue Challenges: Daktronics's revenue growth over 3 months faced difficulties. As of 31 July, 2024, the company experienced a decline of approximately -2.77%. This indicates a decrease in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 26.4%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Daktronics's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of -0.11.
</li>
</ul>
Debt Management: Daktronics's debt-to-equity ratio is below the industry average. With a ratio of 0.32, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 58.05 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.7, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a lower-than-industry-average EV/EBITDA ratio of 6.15, Daktronics presents a potential value opportunity, as investors are paying less for each unit of EBITDA.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes Worth Your Attention</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

84K Reasons To Be Bullish On Daktronics Stock

A notable insider purchase on September 11, was reported by Shereta D. Williams, Director at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), based on the most recent SEC filing.
What Happened: Williams demonstrated confidence in Daktronics by purchasing 7,160 shares, as reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000112//Archives/edgar/data/915779/000091577924000112/0000915779-24-000112-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the transaction is $84,989.
During Thursday's morning session, Daktronics shares down by 0.0%, currently priced at $12.19.
<h3>Unveiling the Story Behind Daktronics</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Daktronics's Economic Impact: An Analysis</h3>
Decline in Revenue: Over the 3 months period, Daktronics faced challenges, resulting in a decline of approximately -2.77% in revenue growth as of 31 July, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: With a low gross margin of 26.4%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Daktronics's EPS reflects a decline, falling below the industry average with a current EPS of -0.11.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.32, Daktronics adopts a prudent financial strategy, indicating a balanced approach to debt management.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Daktronics's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 58.05.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.7, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 6.15, Daktronics could be considered undervalued.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Unmasking the Significance of Insider Transactions</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Shereta D. Williams's Recent Buy: Acquires $84K In Daktronics Stock

Daktronics (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dakt#NASDAQ">DAKT</a>) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this video display maker would post earnings of $0.14 per share when it actually produced earnings of $0.27, delivering a surprise of 92.86%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Daktronics, which belongs to the Zacks Electronics - Miscellaneous Products industry, posted revenues of $226.09 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 4.27%. This compares to year-ago revenues of $232.53 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Daktronics shares have added about 60.5% since the beginning of the year versus the S&amp;P 500&#39;s gain of 15.9%.
<h2>What&#39;s Next for Daktronics?</h2>
While Daktronics has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Daktronics: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.30 on $218.94 million in revenues for the coming quarter and $1.13 on $839.52 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Miscellaneous Products is currently in the bottom 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Flux Power Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flux#NASDAQ">FLUX</a>), another stock in the same industry, has yet to report results for the quarter ended June 2024.
This company is expected to post quarterly loss of $0.14 per share in its upcoming report, which represents a year-over-year change of -55.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Flux Power Holdings, Inc.&#39;s revenues are expected to be $14.31 million, down 12% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2331184/daktronics-dakt-q1-earnings-and-revenues-top-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2331184">To read this article on Zacks.com click here.</a>

WIIM

Daktronics shares are trading lower after the company reported worse-than-expected Q1 sales results.

Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.28 by 28.57 percent. This is a 41.94 percent decrease over earnings of $0.62 per share from the same period last year.

UPDATE: Daktronics Q1 Adj. EPS $0.36 Beats $0.28 Estimate

Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>) reported quarterly losses of $(0.11) per share . The company reported quarterly sales of $226.088 which missed the analyst consensus estimate of $229.071 million by 100.00 percent. This is a 100.00 percent decrease over sales of $232.531 million the same period last year.

Daktronics Q1 2025 GAAP EPS $(0.11), Sales $226.088 Miss $229.071M Estimate

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Shares of companies within the broader tech sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.

Flex Ltd.&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flex#NASDAQ">FLEX</a>) subsidiary, Anord Mardix, has set up a second facility in Dundalk, Ireland.
The new facility, named D2, is now fully operational and will act as an assembly hub for switchgear and modular power systems. The facility will support the increasing global need for safe, reliable and uninterrupted data center power from the grid to the chip, driven by the proliferation of AI tech.
The cutting-edge facility increases Anord Mardix&#39;s manufacturing space by 120,000 sq ft, doubling its footprint in Ireland and guaranteeing a smooth and efficient production process for data center clients.
The expansion in Dundalk will enable the company to address the global power challenges faced by AI data centers with innovative solutions while creating new career opportunities for the local community.
The opening of the D2 facility highlights FLEX and Anord Mardix&#39;s commitment to delivering advanced, vertically integrated power solutions to the expanding global data center market.
<div class="chart_embed">
<h3>Flex Ltd. Price and Consensus</h3>
<img alt="Flex Ltd. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/83/1724423992.png" style="height:265px; width:574px" title="" />
Flex Ltd. price-consensus-chart | Flex Ltd. Quote
Anord Mardix is a leading name in critical power distribution and protection, with operations across North America, EMEA and the Asia Pacific. It offers a comprehensive range of products, including switchgear, modular power pods and flexible busway distribution solutions, serving data centers and cloud computing industries worldwide.
Its parent company, FLEX, is based in Singapore with headquarters in Austin, TX. FLEX offers advanced manufacturing solutions and additional value to customers through a wide array of services, including design and engineering, component services, rapid prototyping, fulfillment and circular economy solutions.
In the first quarter of fiscal 2025, Flex&#39;s revenues fell 8% year over year to $6.3 billion due to declines in the Agility and Reliability Solutions segments. Reliability Solutions saw a 10% decrease to $2.9 billion due to weak macroeconomic conditions in core industrial areas, while Agility Solutions fell 5.5% to $3.4 billion.
However, Flex&#39;s performance is being cushioned by momentum in automotive, cloud and data center power. Health Solutions&#39; business is gaining from advanced digital health/medical device demand.
FLEX currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 21.1% in the past year compared with the sub-industry&#39;s growth of 16.8%.
</div>
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<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/60/75252.jpg?v=919792589" />
Image Source: Zacks Investment Research
<h2>Stocks to Consider</h2>
Daktronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dakt#NASDAQ">DAKT</a>), sporting a Zacks Rank #1 (Strong Buy) at present, has a long-term earnings growth expectation of 30% and delivered an earnings surprise of 92.86%, on average, in the trailing four quarters. In the last reported quarter, DAKT delivered an earnings surprise of 92.86%.
Hayward Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hayw#NYSE">HAYW</a>), carrying a Zacks Rank #2 (Buy) at present, has a long-term earnings growth expectation of 10.3% and delivered an earnings surprise of 4.03%, on average, in the trailing four quarters. In the last reported quarter, HAYW delivered an earnings surprise of 5%.
Daikin Industries,Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dkily#OTC">DKILY</a>), carrying a Zacks Rank #2 at present has a long-term earnings growth expectation of 10.3%. The Zacks Consensus Estimate for DKILY&#39;s 2024 EPS has increased 5.2% in the past 60 days to 61 cents.
<a href="https://www.zacks.com/stock/news/2326515/flex-s-anord-mardix-expands-ireland-facility-to-meet-power-demand?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2326515">To read this article on Zacks.com click here.</a>

FLEX's Anord Mardix Expands Ireland Facility to Meet Power Demand

GoDaddy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gddy#NYSE">GDDY</a>) is expanding its footprint in the digital marketing space with the launch of its all-in-one Digital Marketing product. The tool is designed to empower small business owners by simplifying and enhancing their online marketing activities.
Recognizing challenges that entrepreneurs face, such as limited time, budget and expertise, GoDaddy&#39;s new offering integrates essential tools like Search Engine Optimization (SEO), social media and email marketing into a single platform.
The latest launch enables businesses to manage their marketing strategies more efficiently and effectively, regardless of where their website is hosted.
With advanced AI-powered features, including customizable content creation, digital ads and a unified inbox for streamlined communication, GoDaddy Digital Marketing provides a comprehensive solution for small businesses aiming to grow and thrive in the competitive digital landscape.
<div class="chart_embed">
<h3>GoDaddy Inc. Price and Consensus</h3>
<img alt="GoDaddy Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/4f/1724254030.png" style="height:281px; width:620px" title="" />
GoDaddy Inc. price-consensus-chart | GoDaddy Inc. Quote
</div>
<h3>GoDaddy&#39;s Strong Portfolio Aids Prospect</h3>
The latest move will solidify GDDY&#39;s presence by offering an all-in-one digital marketing solution that simplifies and enhances small business marketing efforts.
Per a Mordor Intelligence report, the digital market is expected to be valued at USD 1.38 trillion in 2024. It is projected to reach USD 3.62 trillion by 2029, exhibiting a CAGR of 21.32% between 2024 and 2029.
Strong momentum in the promising digital market is expected to instill investor optimism in the stock.
GDDY&#39;s focus on small businesses and expanding clientele has been a major growth driver.
In the second quarter of 2024, the company launched the Digital Marketing Suite, a new customer onboarding path offering personalized marketing tools and content on a single dashboard to help users build their brand, generate leads and grow their businesses, even without a website.
In May, the company expanded its Small Business GenAI Prompt Library, offering more than 185 updated prompts and new capabilities to support small business owners globally.
GoDaddy also introduced the Smart Terminal Flex in April, a compact and versatile Point of Sale terminal designed to improve efficiency for small businesses through modern features and seamless integration across various sales channels.
GDDY&#39;s efforts are expected to help it acquire numerous small businesses as customers, which, in turn, will drive its top-line growth in the days ahead.
GoDaddy expects third-quarter 2024 revenues in the band of $1.13-$1.15 billion, indicating year-over-year growth of 7% at the mid-point. The Zacks Consensus Estimate for the same is pegged at $1.14 billion, suggesting a rise of 6.83%.
The consensus mark for earnings is pegged at $1.25 per share, up by a penny in the past 30 days. The projection suggests a 40.45% year-over-year growth.
<h3>Zacks Rank &amp; Other Stocks to Consider</h3>
Currently, GoDaddy carries a Zacks Rank #2 (Buy).
The stock has surged 53.5% against the Zacks Computer and Technology sector&#39;s growth of 22.5% in the year-to-date period.
Some other top-ranked stocks in the broader technology sector are Arista Networks (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>), Badger Meter (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bmi#NYSE">BMI</a>) and Daktronics (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dakt#NASDAQ">DAKT</a>), each sporting a Zacks Rank #1(Strong Buy) at present.
Arista Networks&#39; shares have appreciated 50.2% in the year-to-date period. The long-term earnings growth rate for ANET is pegged at 17.20%.&nbsp;
Badger Meter&#39;s shares have gained 30.5% in the year-to-date period. The long-term earnings growth rate for BMI is pegged at 17.91%.
Shares of Daktronics have surged 79.3% in the year-to-date period. The long-term earnings growth rate for DAKT is pegged at 30%.
<a href="https://www.zacks.com/stock/news/2325270/godaddy-gddy-aids-small-business-marketing-in-digital-sector?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2325270">To read this article on Zacks.com click here.</a>

The Zacks Electronics &ndash; Miscellaneous Products industry has been suffering from challenging macroeconomic conditions, high levels of inventories with distributors and steep interest rates. The global economic turmoil is expected to keep the semiconductor capex under check, which does not bode well for industry participants in the near term. However, players like KLA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/klac#NASDAQ">KLAC</a>), Flex (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flex#NASDAQ">FLEX</a>) and Daktronics (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dakt#NASDAQ">DAKT</a>) are benefiting from higher spending on advanced technologies, including augmented reality&nbsp;and virtual reality. Continuing investments in data centers, high-performance computing and 5G end markets are the key catalysts. Fab (foundry) expansion in the United States, South Korea, Taiwan and China, as well as higher spending on memory equipment, is expected to drive growth in 2024 and beyond.
Industry Description
The Zacks Electronics &ndash; Miscellaneous Products industry includes a number of original equipment manufacturers of air-conditioning systems, green energy solutions, remote-control systems, GPS navigation, home automation systems, healthcare devices, industry/factory automation, robotics, semiconductor and optical applications, and energy management solutions. The industry is evolving on digital transformation and the growing demand for silicon across multiple markets. The increasing cost of manufacturing bodes well for equipment suppliers, while the growing demand for silicon is a positive for semiconductor companies. Apart from the United States, companies in this industry are based in Japan, Germany, the Netherlands and Switzerland. These companies either have manufacturing operations in China and South-East Asia or generate significant revenues from these regions.
3 Trends Shaping the Future of the Industry
Solid Capital Spending Drives Prospects: Technology transitions are driving product complexities, which are raising the demand for solutions provided by industry participants. Increasing investment in expanding manufacturing capacity by semiconductor companies is a key catalyst in the long run (irrespective of the near-term hiccups due to the challenging macroeconomic conditions). Since semiconductor companies are the major customers of miscellaneous electronics product manufacturers, the trend bodes well for industry participants. In addition, rising spending on advanced nodes &mdash; 7 nm, 5 nm and 3 nm processes from logic and foundry customers &mdash; favors industry participants. Notably, logic and foundry spending is anticipated to be healthy this year.
Emerging Markets of Wearables, AR &amp; VR Drive Growth: Industry participants are riding on strong demand for wearables and AR and VR-supported display systems in defense, industrial, consumer applications and healthcare end markets. The adoption of AR and VR is increasing due to the growing proliferation of the metaverse.
Challenging Macroeconomic Condition is a Headwind: Industry participants are suffering from a challenging macroeconomic condition globally, with enterprises showing reluctance in committing to multi-year deals. Persistent inflation and unfavorable forex trends do not bode well for industry participants.
Zacks Industry Rank 
The Zacks Electronics &ndash; Miscellaneous Products industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #184, which places it in the bottom 26% of more than 250 Zacks industries.
The group&#39;s Zacks Industry Rank, which is the average of the Zacks Rank of all member stocks, indicates dim near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry&#39;s positioning in the bottom 50% of the Zacks-ranked industries is a result of the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group&#39;s earnings growth potential. Since Jul 31, 2023, earnings estimates for the industry for the current year have moved south by 25.5%.
Given the bearish prospects, there are only a few stocks worth watching in the industry. But before we present those stocks, let&#39;s take a look at the industry&#39;s recent stock-market performance and valuation picture.
Industry Lags S&amp;P 500, Broader Sector
The Zacks Electronics &ndash; Miscellaneous Products industry has underperformed the S&amp;P 500 and the broader Zacks Computer &amp; Technology sector in the past year.
The industry has returned 9.6% during this period compared with the S&amp;P 500 composite&#39;s growth of 19.3% and the broader sector&#39;s return of 27%.
<h3>One-Year Price Performance 
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/elcmpioperf_20240726.jpg" style="height:357px; width:620px" /></h3>
Industry&#39;s Current Valuation
On the basis of the forward 12-month P/E, which is a commonly used multiple for valuing Electronics-Miscellaneous products companies, we see that the industry is currently trading at 21.32X compared with the S&amp;P 500&#39;s 21.03X and the sector&#39;s forward-12-month P/E of 25.88X.
Over the last five years, the industry has traded as high as 22.16X and as low as 17.89X, with the median being 18.12X, as the charts below show.
<h3>Forward 12-Month Price-to-Earnings (P/E) Ratio</h3>
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/elecval_20240726.jpg" style="height:229px; width:620px" />
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/elecval2_20240726.jpg" style="height:225px; width:620px" />
Stocks to Buy Right Now
Daktronics: This Brookings, SD-based digital LED display technology and audio systems provider benefits from strong order growth.
This Zacks Rank #1 (Strong Buy) company is riding on strong demand in Live Events and International business unit orders. Daktronics shares have gained 73.5% year to date.
The Zacks Consensus Estimate DAKT&#39;s fiscal 2025 earnings has increased 34.5% to $1.13 per share over the past 30 days.
<h3>Price and Consensus: DAKT</h3>
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/dakt_20240726.jpg" style="height:359px; width:620px" />
KLA: This Zacks Rank #2 (Buy) company is benefiting from the strong performance of the wafer inspection business, owing to rising demand for advanced wafer inspection applications in leading-edge technology development.
This San Jose, CA-based company is benefiting from growing investments across multiple nodes and rising capital intensity in Foundry &amp; Logic.
The Zacks Consensus Estimate for fiscal 2025 has increased by a couple of cents to $28.19 per share over the past 30 days. KLA shares have jumped 31.3% year to date.
<h3>Price and Consensus: KLAC</h3>
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/klac_20240726.jpg" style="height:358px; width:620px" />
Flex: This Zacks Rank #2 company is gaining momentum from strong demand for next-generation mobility, including EV onboard electronics and advanced computing platforms for the software-defined vehicle, which is powering the automotive unit. Health Solutions&#39; business is bolstered by top-tier digital health/ medical device demand. Solid traction in AI-driven cloud spending is a positive factor.
Flex shares have gained 1.6% in the year-to-date period. The consensus mark for FLEX&#39;s fiscal 2025 earnings has been unchanged at $2.36 per share over the past 30 days.
<h3>Price and Consensus: FLEX 
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/flex_20240726.jpg" style="height:358px; width:620px" /></h3>
<a href="https://www.zacks.com/commentary/2310123/3-electronics-stocks-to-buy-from-a-challenging-industry?cid=CS-BENZ-FT-industry_outlook-2310123">To read this article on Zacks.com click here.</a>

KLAC

3 Electronics Stocks to Buy From a Challenging Industry

Disclosed in a recent SEC filing on July 11, Wiemann, Exec Vice President at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), made a noteworthy transaction involving the exercise of company stock options.
What Happened: Wiemann, Exec Vice President at Daktronics, exercised stock options for 7,500 shares of DAKT stock. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000033//Archives/edgar/data/915779/000091577924000033/0000915779-24-000033-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The exercise price of the options was $13.31 per share.
Daktronics shares are currently trading up by 1.43%, with a current price of $14.17 as of Friday morning. This brings the total value of Wiemann's 7,500 shares to $6,449.
<h3>Discovering Daktronics: A Closer Look</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Financial Insights: Daktronics</h3>
Revenue Growth: Over the 3 months period, Daktronics showcased positive performance, achieving a revenue growth rate of 2.87% as of 30 April, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: With a low gross margin of 25.65%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Daktronics's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.05.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.24.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Daktronics's P/E ratio of 18.88 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.79 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Daktronics's EV/EBITDA ratio at 5.85 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>Understanding the Significance of Insider Transactions</h3>
Insider transactions should be considered alongside other factors when making investment decisions, as they can offer important insights.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>A Closer Look at Important Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Major Update: Bradley T Wiemann At Daktronics Exercises Options, Making A Strategic Move

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July 1st:
Daktronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dakt#NASDAQ">DAKT</a>): This electronic display systems company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 34.5% over the last 60 days.
Daktronics has a PEG ratio of 0.41 compared with 0.53 for the industry. The company possesses a Growth Score&nbsp; of B.
EnerSys (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ens#NYSE">ENS</a>): This stored energy solutions company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.9% over the last 60 days.
EnerSys has a PEG ratio of 0.66 compared with 1.42 for the industry. The company possesses a Growth Score of B.
Brinker International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eat#NYSE">EAT</a>): This franchisor of casual dining restaurants carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days.
Brinker has a PEG ratio of 0.87 compared with 2.72 for the industry. The company possesses a Growth Score of B.
<a href="https://www.zacks.com/commentary/2295380/best-growth-stocks-to-buy-for-july-1st?cid=CS-BENZ-FT-zacks_1_rank_additions|growth_additions-2295380">To read this article on Zacks.com click here.</a>

Best Growth Stocks to Buy for July 1st

Daktronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>) shares are trading higher following <a href="https://www.benzinga.com/pressreleases/24/06/g39498539/daktronics-inc-announces-record-fiscal-year-and-fourth-quarter-2024-revenue-and-strong-expansion-i" target="_blank" rel="noreferrer noopener">fourth-quarter FY24 results</a>.
Sales rose 2.9% Y/Y to a new record of $215.9 million. This was due to backlog fulfillment, improved stability in supply chains, and expanded manufacturing capabilities. They beat the consensus of $186.19 million.
Gross margin expanded by 90 basis points Y/Y to 25.7%. Operating income increased by 6.4% Y/Y to $19.4 million in the quarter.
New orders for products and services totaled $205.8 million, up 14.6% Y/Y, fueled by robust demand in the Live Events and Transportation business segments, alongside strong expansion in the International business unit.
As of April 27, cash and marketable securities stood at $81.7 million. The product order backlog stood at $316.9 million, reflecting ongoing efforts to align the backlog with expected manufacturing lead times.
EPS&nbsp;$0.05&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missed the consensus of&nbsp;$0.15</a>.
&#8220;Our critical priorities for fiscal 2025 are to execute a broad digital transformation to modernize our service systems for field service automation, to advance our enterprise performance planning capabilities, and to improve and automate quoting and sales processes,&#8221; Daktronics CEO Reece Kurtenbach said.
The company recently launched its Flip-Chip COB (Chip on Board) LED display family, Kurtenbach added, calling it &#8220;the next step&#8221; in evolving the narrow-pixel pitch (NPP) product.
Price Action: DAKT shares are up 26.65% at $13.83 at last check Wednesday.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

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Movers

Daktronics Shares Are Jumping: 'Our 2025 Priorities Are To Execute Broad Digital Transformation'

Daktronics shares are trading higher following a Q4 revenue beat.

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Navigating the stock market was and always will be a complex pursuit.&nbsp;This&nbsp;is especially true when seeking high-growth potential within a budget and in an adverse macro environment.



Here are three affordable stocks under $15 that could skyrocket by 2028, offering significant returns. Identifying the&nbsp;right&nbsp;and affordable stocks to buy is vital for maximizing an investment portfolio&rsquo;s potency.



These companies have delivered remarkable improvements with solid financial fundamentals, making them prime candidates for substantial market price appreciation.



The first company on the list has enhanced profitability through effective cost management and reduced warranty expenses. The second one&rsquo;s strategic debt management and robust cash position highlight its financial stability and growth potential.



Meanwhile, the third one has significantly improved its operating income and gross margins, showcasing its operational efficiencies.



Understanding the fundamentals behind these stocks may provide clear insights into their upcoming price performance. By exploring their recent financial achievements and strategic initiatives, one can understand why these stocks&nbsp;are poised for remarkable growth and what makes them worthy considerations for those aiming for massive returns.



<h2>Power Solutions International (PSIX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/10/electricity-power-lines-1600-300x169.png" alt="Numerous electric lines are seen at sunset."><div>Source: Pand P Studio / Shutterstock.com</div></div>Power Solutions International (OTCMKTS:<a href="https://investorplace.com/stock-quotes/psix-stock-quote/">PSIX</a>) leads in advanced, emission-certified engines and power systems. The company&rsquo;s warranty costs for&nbsp;<a href="https://investors.psiengines.com/news-releases/news-release-details/power-solutions-international-announces-first-quarter-2024" target="_blank">Q1 were $1.5 million</a>, a sharp improvement of $3.5 million against $5.1 million in Q1 2023.



Lower adjustments to pre-existing warranties reduce warranty costs, indicating improved product quality and reliability.



Meanwhile, Power Solutions&rsquo; interest expense dropped to&nbsp;<a href="https://investors.psiengines.com/node/12896/html" target="_blank">$3.3 million in Q1</a>, down from $4.7 million in Q1 2023. This reduction is primarily due to lower average outstanding debt.



This move was executed despite higher overall effective interest rates. Hence, the decrease in interest expense further uplifts the company&rsquo;s bottom line.&nbsp;As a result, adjusted EBITDA increased to<a href="https://investors.psiengines.com/news-releases/news-release-details/power-solutions-international-announces-first-quarter-2024" target="_blank">&nbsp;$11.9 million in Q1</a>, which is up from $10.1 million in Q1 2023.



The growth in adjusted EBITDA reflects Power Solutions&rsquo; core operational strength. The adjusted net income for Q1 2024 was $7 million, an adjusted EPS of 31 cents. This is 2X of $3.8 million, an adjusted EPS of 16 cents in Q1 2023.



Overall, Power Solutions has demonstrated solid cost management with improved product quality, which makes it a solid mark among affordable stocks.



<h2>Inseego (INSG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/global-earth-connections-mapped-300x169.jpg" alt="Global network of map points"><div>Source: Blue Planet Studio/Shutterstock.com</div></div>Inseego (NASDAQ:<a href="https://investorplace.com/stock-quotes/insg-stock-quote/">INSG</a>) specializes in mobile and fixed wireless solutions. The company&rsquo;s cash improved significantly, as the unrestricted cash rose to&nbsp;<a href="https://investor.inseego.com/node/24021/pdf" target="_blank">$12.3 million by Q1 2024</a>, up by $4.8 million from the previous quarter.



This solid liquidity is supplemented by a&nbsp;<a href="https://seekingalpha.com/article/4691605-inseego-corp-insg-q1-2024-earnings-call-transcript" target="_blank">$15 million prepayment</a>&nbsp;from a major Tier 1 carrier customer. These elements allowed Inseego to repay its drawn credit facility.



As a result, the company reduced interest expenses. Further, Inseego terminated its asset-based lending facility in April 2024, following the repayment of $4.7 million drawn on it.&nbsp;This&nbsp;provides greater financial flexibility.



Moreover, the fixed wireless access business constitutes about a<a href="https://investor.inseego.com/node/24021/pdf" target="_blank">&nbsp;third of the company&rsquo;s&nbsp;top-line</a>, up from 23% in Q1 2023,&nbsp;demonstrating strong carrier demand and significant annual revenue growth.



Additionally, the mobile hotspot business, driven by the uptake of 5G products, performed better than expected despite the transition from 4G products. This rebound in the mobile business is a positive indicator of Inseego&rsquo;s ability to adapt and capitalize on new market opportunities.



Inseego&rsquo;s strategic debt management and improving liquidity and cash position make it a promising choice among affordable stocks.



<h2>Daktronics (DAKT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/shutterstock_539175526-300x169.jpg" alt="an empty billboard on a highway"><div>Source: Shutterstock</div></div>Daktronics (NASDAQ:<a href="https://investorplace.com/stock-quotes/dakt-stock-quote/">DAKT</a>) prevails in electronic displays and digital billboards. Daktronics&rsquo;s fiscal 2024 operating income&nbsp;<a href="https://investor.daktronics.com/news-releases/news-release-details/daktronics-inc-announces-record-fiscal-year-and-fourth-quarter" target="_blank">quadrupled to $87.1 million</a>&nbsp;against fiscal 2023



 This significant increase indicates strong underlying profitability driven by improved operational edge and strategic pricing actions. For 2024, the gross margin rose to 27.2% from 20.1% in fiscal 2023, the highest level since 2009.



This 7.1% increase reflects stabilization in input costs and enhanced manufacturing efficiencies.



Moreover, the 2024 operating margin&nbsp;<a href="https://investor.daktronics.com/news-releases/news-release-details/daktronics-inc-announces-record-fiscal-year-and-fourth-quarter" target="_blank">reached 10.6%,</a>&nbsp;a substantial increase from 2.8% in 2023.&nbsp;This&nbsp;demonstrates Daktronics&rsquo; strategic focus on high-margin projects and operational improvements.



Further, Daktronics derived over $63 million in cash flow from operations in fiscal 2024. The year-end cash improved massively to $81.7 million from $24.7 million in 2023,&nbsp;highlighting strong cash management and operational edge.



The working capital ratio improved to&nbsp;<a href="https://finance.yahoo.com/news/daktronics-inc-nasdaq-dakt-q4-120254142.html" target="_blank">2.1:1&nbsp;</a>at the end of Q4 2024.&nbsp;This&nbsp;is up from 1.6:1 in Q4 2023, reflecting enhanced liquidity and the company&rsquo;s ability to meet short-term obligations comfortably.&nbsp;



Daktronics&rsquo;s solid operating income, margin growth margin and working capital improvements solidify its presence among the top affordable stocks.



On the date of publication, Yiannis Zourmpanos did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-affordable-stocks-under-15-that-could-skyrocket-by-2028/">3 Affordable Stocks Under $15 That Could Skyrocket by 2028</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Affordable Stocks Under $15 That Could Skyrocket by 2028

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Fundamentally, the case for innovative <a href="https://investorplace.com/industries/technology/">tech stocks</a> to buy is quite straightforward: rational societies seek to advance in knowledge and productivity. Therefore, an incentive exists for government agencies to bolster their nations&rsquo; technological ecosystems. In doing so, collective productivity may rise, leading to an increase in overall wealth.



Still, that doesn&rsquo;t answer the main question: which of the individual innovative tech stocks should investors consider? For that, I&rsquo;m going to turn to a compelling technical indicator called the J-Hook.



Structured as a <a href="https://www.tradingview.com/chart/EURNZD/AXCYoJuP-How-To-Trade-The-J-Hook-Pattern/">four-step sequence</a> featuring an initial rally followed by a suppression of the upside. In the second go-around, the bulls drive the target equity to a new high ground. From there, the stock could continue marching forward or it could enter a consolidation phase before jumping decisively northward. In a way, it&rsquo;s putting the projectile in the cannon and waiting for the fuse to be lit.



Every idea listed below printed a J-Hook, according to Barchart&rsquo;s <a href="https://www.barchart.com/stocks/stocks-screener?popularScreener=120018&amp;viewName=filter_view&amp;orderBy=industry&amp;orderDir=asc&amp;page=1">nine-step qualification algorithm</a>. That makes it very compelling that you should keep close tabs on these innovative tech stocks to buy before they go flying.



<h2>Daktronics (DAKT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/shutterstock_1926453779-300x169.png" alt="top Tech stocks to watch : Double exposure of man's hands holding and using a phone and financial graph drawing. tech stocks"><div>Source: Peshkova / Shutterstock</div></div>Falling under the electronic components industry, Daktronics (NASDAQ:<a href="https://investorplace.com/stock-quotes/dakt-stock-quote/">DAKT</a>) specializes in display systems, particularly large-screen video displays found in sports arenas. Naturally, the company also focuses on electronic scoreboards. Along with sporting venues, Daktronics main clients include providers of transportation systems and commercial advertising. As society normalizes from the Covid-19 pandemic, the push to attract new customers could lead to big gains for DAKT stock.



Notably, Barchart&rsquo;s J-Hook screener identified Daktronics as a potential buying opportunity. What may lead to some hesitation is that DAKT has already performed swimmingly well this year. Still, there could be even more room to run. In the past four quarters, Daktronics posted an average earnings per share of 30 cents. This figure beat the collective consensus view of 16 cents.



In the trailing 12 months (TTM), the company posted EPS of 74 cents on sales of $818.08 million. Looking to year&rsquo;s end, analysts believe that EPS may get wobbly, slipping to $1.06. However, revenue may rise 3.3% to $845.16 million, with the high-side estimate calling for $850.8 million. It&rsquo;s one of the innovative tech stocks to keep on your radar.



<h2>LendingClub (LC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/lc-stock-300x169.png" alt="A building with the LendingClub (LC) name on it."><div>Source: Michael Vi / Shutterstock.com</div></div>Technically falling under the credit services industry, LendingClub (NYSE:<a href="https://investorplace.com/stock-quotes/lc-stock-quote/">LC</a>) ranks among a growing number of financial technology (fintech) firms. The company specializes in a peer-to-peer lending platform, which connects borrowers with investors. This business model facilitates personal loans online without having to deal with traditional financial intermediaries. It&rsquo;s a novel approach to credit services and it may catch on with Generation Z.



Earlier this week, LC stock pinged as one of the J-Hook candidates. It&rsquo;s not surprising given the recent blistering run. Still, the technical indicator suggests that LendingClub could run even higher. Financially, there could be a case for this optimism. In the past four quarters, the company posted EPS of 9 cents, easily beating the consensus view of 3 cents.



During the TTM period, LendingClub posted EPS of 34 cents on sales of $1.1 billion. By year&rsquo;s end, analysts are expecting choppy waters, with big drops anticipated in earnings and sales. However, by fiscal 2025, EPS could soar to 72 cents on revenue of $866.67 million. If so, patience could be a virtue, making LC one of the possible tech stocks to buy.



<h2>Garmin (GRMN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/grmn-stock-1-300x169.jpg" alt="Garmin company logo on a storefront"><div>Source: Karolis Kavolelis / Shutterstock.com</div></div>A specialist in the scientific and technical instruments industry, Garmin (NYSE:<a href="https://investorplace.com/stock-quotes/grmn-stock-quote/">GRMN</a>) is best known for pioneering GPS navigation and wearable tech products. Over the years, the company has expanded its portfolio to include solutions for the automotive, aviation, marine, outdoor and fitness markets. One of its key attributes is its integrated ecosystems, which combine attributes such as GPS, health monitoring and fitness tracking.



Garmin has absolutely been on the move recently, making it one of the tech stocks to buy. As with the other ideas, natural hesitation exists because GRMN has gone up so much this year. Still, if you look at the financials, that alone may assuage some of these concerns. In the past four quarters, Garmin posted an average EPS of $1.50. This handily beat the collective consensus view of $1.28.



During the TTM period, Garmin posted EPS of $7.09 on sales of $5.46 billion. For fiscal 2024, the consensus target happens to be $5.68, above last year&rsquo;s print of $5.59. On the top line, experts seek $5.86 billion in sales, an increase of 12%. These numbers seem doable given the popularity of wearable tech.



<h2>Cognex (CGNX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/09/shutterstock_1463050370-300x169.jpg" alt="CGNX stock website homepage. Cognex Corporation logo visible on display screen."><div>Source: Pavel Kapysh / Shutterstock</div></div>Another player in the scientific and technical instruments space, Cognex (NASDAQ:<a href="https://investorplace.com/stock-quotes/cgnx-stock-quote/">CGNX</a>) provides machine vision products. These systems capture and analyze visual information for the purposes of manufacturing automation task distribution. As you can imagine, the company&rsquo;s products play a key role in logistics. Further, by utilizing artificial intelligence and deep learning, Cognex ranks as a relevant candidate for compelling tech stocks.



CGNX has been a solid performer this year. However, things really started to heat up several days ago. That might lead to fears of bag holding. However, Barchart&rsquo;s J-Hook indicator suggests that the ride to the top hasn&rsquo;t yet finished. On the financial side, the numbers are intriguing. In the past four quarters, Cognex posted an average EPS of 18 cents. This tally beat the collective consensus view of 15 cents.



In the TTM period, Cognex posted EPS of 57 cents on sales of $847.22 million. For fiscal 2024, experts are looking for EPS of 75 cents, a 2.74% bump from last year. On the top line, sales may rise 11.7% to $935.41 million. In the following year, both earnings and sales could see another significant improvement to $1.15 per share on $1.07 billion.



<h2>SkyWater Technology (SKYT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor1600c-300x169.jpg" alt="AI. Circuit board. Technology background. Central Computer Processors CPU concept. Motherboard digital chip. Tech science background. Integrated communication processor. 3D illustration representing semiconductor stocks. Semiconductors Stocks to Sell"><div>Source: Shutterstock</div></div>Operating in the semiconductor industry, SkyWater Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/skyt-stock-quote/">SKYT</a>) operates as a pure-play technology foundry. It engages in the provision of semiconductor development, manufacturing and packaging services. With demand for the latest chips increasing across multiple industries, SkyWater could see its sales rise. As well, it can potentially help rectify concerns tied to the global semiconductor supply chain.



Unlike other tech stocks on this list, SkyWater&rsquo;s market performance this year hasn&rsquo;t been impressive. Nevertheless, SKYT stock pinged as a J-Hook candidate due to its recent rally. Financially, it&rsquo;s not unjustified. It&rsquo;s true that SkyWater isn&rsquo;t profitable. However, its loss per share in the past four quarters amounted to 7 cents. In contrast, experts anticipated 11 cents in red ink.



During the TTM period, SkyWater posted a net loss of $32.21 million. However, revenue came in at $300.22 million. Also, the latest quarterly growth rate (year-over-year) stood at 20.5%. For fiscal 2024, analysts anticipate that the top line could rise to $334.56 million. If so, that would imply a 16.7% growth rate from last year.



<h2>Applied Optoelectronics (AAOI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/tech-stocks-1600-300x169.png" alt="A hexagonal grid with different tech-related icons; Tech stocks illustration. Best Tech stocks. tech stocks trading at bargain prices"><div>Source: whiteMocca / Shutterstock</div></div>Conducting business in the communication equipment industry, Applied Optoelectronics (NASDAQ:<a href="https://investorplace.com/stock-quotes/aaoi-stock-quote/">AAOI</a>) designs, manufactures and sells fiber-optic networking products mainly in the U.S. It also conducts operations in Taiwan and China. Fundamentally, its mainline solutions are used in data centers and broadband access networks. Given the rise of these sectors, AAOI presents an intriguing idea for tech stocks to buy.



Financially, it must be stated that Applied carries a higher-risk profile. Like SkyWater Technology above, Applied isn&rsquo;t consistently profitable. In the past four quarters, it produced a loss per share of 13 cents. However, this came under the expert consensus view of 16 cents. Therefore, the &ldquo;earnings&rdquo; surprise hit 6.03%.



In the TTM period, the company incurred a net loss of $62.93 million. Revenue reached $205.29 million, though the trend has been declining. Still, analysts expect a recovery trek over the next two years. Sales in 2024 could hit $260.68 million, up 19.8% from 2023&rsquo;s result of $217.65 million. In 2025, revenue could soar to $437.15 million, up nearly 68%. Therefore, it&rsquo;s one of the tech stocks to watch.



<h2>Robinhood (HOOD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/robinhood-wallet-fintech-300x169.png" alt="hood stock: An image of a wallet with a coin in it, a cellphone on top depicting Robinhood logo. Robinhood crypto"><div>Source: salarko/Shutterstock</div></div>I&rsquo;ve been talking about financial technology (fintech) firm Robinhood (NASDAQ:<a href="https://investorplace.com/stock-quotes/hood-stock-quote/">HOOD</a>) lately under different angles. Mainly, the company could present a long-term opportunity. Retail investors are still interested in both the equity and cryptocurrency markets. Robinhood&rsquo;s gamified trading app resonates with young people. The platform is fun and convenient, allowing for organic wealth creation.



HOOD stock may also be relatively undervalued. Right now, shares trade hands at 1.99X trailing-year sales. It wasn&rsquo;t that long ago &ndash; the fourth quarter of last year &ndash; when HOOD averaged a price-to-sales ratio of 2.64X. in other words, the company has ample room to grow into its prior valuation. Combined with the fundamentals, that very well could happen.



Also, it&rsquo;s worth pointing out that, yes, HOOD stock pinged as a J-Hook candidate. If the implications of this technical pattern hold true, shares may be poised for significant growth. In terms of projections, analysts believe that Robinhood can post EPS of 53 cents by year&rsquo;s end. Last year, the metric sat at 61 cents below parity.



On the top line, sales could shoot northward to $2.45 billion, up 31.3%. Even though it&rsquo;s been booming, HOOD appears to be one of the tech stocks to buy now.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/7-innovative-tech-stocks-to-buy-before-its-too-late/">7 Innovative Tech Stocks to Buy Before It&#8217;s Too Late</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Innovative Tech Stocks to Buy Before It's Too Late

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Amidst market uncertainties, investing in companies at the edge of technological innovation offers a strategic advantage. These investments can provide game-changing returns during a market rebound. Here, the focus is on three companies with stability and growth in their respective niches.



The first company has solidified its market presence with impressive revenue gains in the retail and merchandise sectors. A recent legal victory enhancing financial stability further bolsters its fundamental solidity. On the other hand, the second company has capitalized on the rising demand for AI and networking solutions. It is driving substantial revenue growth and margin expansion. Finally, the third company has record-breaking sales and profitability improvements. This points to its leadership in innovative display and control systems for diverse sectors, like live events and transportation.



Each company has solid financial performance and strategic foresight in navigating competitive landscapes and capitalizing on emerging market trends. For sustainable growth and market leadership, these companies have fundamental strengths and growth strategies. With that, these <a href="https://investorplace.com/industries/technology/">tech stocks</a> to buy present compelling opportunities in today&rsquo;s market.



<h2>Impinj (PI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/software1600d-300x169.jpg" alt="A man examines a digital screen with different icons for software."><div>Source: Shutterstock</div></div>Impinj (NASDAQ:<a href="https://investorplace.com/stock-quotes/pi-stock-quote/">PI</a>) leads in endpoint integrated circuits (ICs) and connectivity devices for identifying, locating and authenticating items. In Q1 2024, the company had sharp <a href="https://investor.impinj.com/news/press-release/2024/Impinj-Reports-First-Quarter-2024-Financial-Results/default.aspx" target="_blank">sequential growth</a> in endpoint IC revenue, totaling $61.5 million. This surpassed expectations and indicated solid demand in the retail apparel and general merchandise sectors. 



Additionally, Impinj&rsquo;s strategic focus on solution deployment in the retail and general merchandise sectors has proven fruitful. A major North American retailer&rsquo;s acceleration in <a href="https://s22.q4cdn.com/275039025/files/doc_earnings/2024/q1/transcript/1Q24-earnings-script-FINAL.pdf" target="_blank">RAIN tag usage</a> reflects Impinj&rsquo;s technology&rsquo;s increasing adoption and scalability. This sector-specific growth, ongoing solution deployments and product expansions mark Impinj&rsquo;s fundamental capability to capitalize on market leads. Such strategic initiatives are vital in deriving market share gains and boosting the top line over the medium to long term.



Further, Impinj&rsquo;s legal settlement with NXP Semiconductors (NASDAQ:<a href="https://investorplace.com/stock-quotes/nxpi-stock-quote/">NXPI</a>) ended a longstanding patent dispute and boosted its financial standing. The one-time $45 million payment and annual licensing fee provide Impinj with added flexibility. This settlement reflects Impinj&rsquo;s proactive approach to safeguarding its intellectual property rights to solidify its competitive edge.



Overall, Impinj is on the tech stocks to buy list due to its strong market position and recent legal settlement, which boosts growth stability.



<h2>Celestica (CLS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/cls1600-300x169.png" alt="Person holding cellphone with website of Canadian electronics company Celestica Inc. (CLS) on screen in front of logo. Focus on center of phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Celestica (NYSE:<a href="https://investorplace.com/stock-quotes/cls-stock-quote/">CLS</a>) leads in design, manufacturing and supply chain solutions across markets. In Q1 2024, the company had a top line of <a href="https://corporate.celestica.com/static-files/e5734a8b-faa0-4b9c-9a7f-3d5992421970" target="_blank">$2.21 billion,</a> surpassing expectations and marking a 20% annual increase. This growth was primarily driven by the Connectivity &amp; Cloud Solutions (<a href="https://investorplace.com/stock-quotes/ccs-stock-quote/">CCS</a>) segment, which had a solid 38% revenue increase against Q1 2023. It reflects strong demand in both enterprise and communications end markets.



Moreover, this growth marks continued demand for AI compute products from hyperscaler customers. Similarly, the communications end market also saw a robust 17% revenue boom. A heightened demand for high-performance computing and networking products supports it. Financially, Celestica&rsquo;s operating margin improved to <a href="https://finance.yahoo.com/news/celestica-inc-nyse-cls-q1-130024241.html" target="_blank">6.2% (+1% annually)</a> in Q1 2024, up 1% from the previous year. This is the first time quarterly margins have exceeded 6%. This margin expansion was driven by improved profitability across the CCS and Advanced Technology Solutions (<a href="https://investorplace.com/stock-quotes/ats-stock-quote/">ATS</a>) segments. Hence, the performance emerged from a favorable product mix and enhanced production efficiency.



To summarize, Celestica is on the tech stocks to buy list due to growth in AI compute products, networking solutions and margin expansion.



<h2>Daktronics (DAKT)</h2>



<a href="https://investorplace.com/wp-content/uploads/2022/09/shutterstock_516354493-scaled.jpg"><img width="300" height="200" src="https://investorplace.com/wp-content/uploads/2022/09/shutterstock_516354493-300x200.jpg" alt="A dramatic view of an illuminated football stadium from the grass."></a>Daktronics (NASDAQ:<a href="https://investorplace.com/stock-quotes/dakt-stock-quote/">DAKT</a>) prevails in electronic scoreboards, programmable display systems and large-screen video displays. The company had a record sales volume of <a href="https://investor.daktronics.com/node/20006/pdf" target="_blank">$215.9 million</a> for Q4 fiscal 2024. It is marking a 2.9% increase from the previous year. For fiscal 2024, sales grew by 8.5% to $818.1 million. The company progressively captured a greater share of its serviceable addressable market (<a href="https://investorplace.com/stock-quotes/sam-stock-quote/">SAM</a>). It is particularly prevalent in the live events and transportation sectors. 



As a result, gross margin improved to, for the full year, 27.2% from 20.1% in fiscal 2023. This improvement comes from strategic pricing actions, manufacturing efficiencies and stable supply chain operations. Similarly, operating income quadrupled to $87.1 million in 2024. That indicates effective cost management and operational efficiency gains despite higher expenses related to incentive compensation and staffing increases. Finally, the working capital ratio improved to <a href="https://finance.yahoo.com/news/daktronics-inc-nasdaq-dakt-q4-120254142.html" target="_blank">2.1 to 1 at the end of Q4,</a> up from 1.6 to 1 in Q4 2023. This improvement suggests effective management of inventory levels and receivables. 



To conclude, Daktronics is among the top tech stocks to buy because of its record sales volumes and significant margin improvements.



On the date of publication, Yiannis Zourmpanos did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-disruptive-tech-stocks-to-buy-for-a-market-rebound/">3 Disruptive Tech Stocks to Buy for a Market Rebound</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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