Kornit Digital: Investors Cheer New Go-To-Market Approach But Downgrading On Valuation [Seeking Alpha]
Kornit Digital Ltd. - Ordinary Shares (KRNT)
Last kornit digital ltd. - ordinary shares earnings: 2/11 04:05 pm
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US:NASDAQ Investor Relations:
ir.kornit.com
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Source: Seeking Alpha
Follow Summary Kornit Digital reported a mixed second quarter of 2024 as the company continues to experience macroeconomic headwinds with resulting delays in system purchase commitments by customers. Following a series of restructuring transactions, margins, and cash flows have improved substantially in recent quarters. The company's balance sheet remains impressive with $554.4 million in cash and liquid investments as well as no debt. Shares have rallied more than 40% in recent weeks as market participants are cheering the company's new go-to-market approach. However, with the stock now trading above my $20 price target, I am downgrading Kornit Digital's shares from "Buy" to "Hold". Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and guidance to navigate any climate. Learn More » sergeyryzhov Note: I have covered Kornit Digital Ltd. or "Kornit" ( NASDAQ: KRNT ) previously, so investors should view this as an update t
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KRNT
News
- DO Apparel Expands Digital Production of Custom Jerseys for Large Sports Brands with Kornit DigitalGlobeNewswire
- Kornit Digital Ltd. (NASDAQ: KRNT) had its price target raised by analysts at Morgan Stanley from $20.00 to $26.00. They now have an "overweight" rating on the stock.MarketBeat
- Kornit Digital, OGAT unveil eco on-demand fashion supply model [Yahoo! Finance]Yahoo! Finance
- Print Palace Textildruck Redefines the Future of Custom Textiles with Transition of Production Volumes from Screen Printing to On-Demand, Digital Production from Kornit Digital [Yahoo! Finance]Yahoo! Finance
- Kornit Digital Ltd. (NASDAQ: KRNT) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $27.00 price target on the stock.MarketBeat
KRNT
Earnings
- 8/7/24 - Beat
KRNT
Sec Filings
- 9/10/24 - Form 6-K
- 9/9/24 - Form 6-K
- 8/7/24 - Form 6-K
- KRNT's page on the SEC website