Press coverage about Kornit Digital (NASDAQ:KRNT) has trended positive recently, according to Alpha One. Alpha One, a service of Accern, identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kornit Digital earned a media sentiment score of 0.31 on Alpha One’s scale. Alpha One also assigned news coverage about the industrial products company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected AlphaOne Sentiment’s analysis:
- Kornit Digital Ltd. – Value Analysis (NASDAQ:KRNT) : May 19, 2017 (finance.yahoo.com)
- Kornit Digital Ltd. breached its 50 day moving average in a Bearish Manner : KRNT-US : May 18, 2017 (finance.yahoo.com)
- Kornit Digital : to demonstrate sustainable and profitable mass customization solutions at CITPE China 2017 (4-traders.com)
- Kornit Digital (KRNT) Prices 4.25M Secondary Offering at $20.60/Share (streetinsider.com)
- Kornit Announces Pricing of Secondary Public Offering of Ordinary Shares (finance.yahoo.com)
Kornit Digital (NASDAQ:KRNT) traded up 2.49% on Friday, reaching $18.55. 453,446 shares of the company’s stock traded hands. The firm’s 50-day moving average is $19.90 and its 200 day moving average is $15.95. Kornit Digital has a 52-week low of $8.10 and a 52-week high of $23.15. The stock’s market capitalization is $605.81 million.
Kornit Digital (NASDAQ:KRNT) last released its quarterly earnings data on Tuesday, May 9th. The industrial products company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $27.10 million for the quarter, compared to the consensus estimate of $29.20 million. Kornit Digital had a return on equity of 5.14% and a net margin of 2.03%. Kornit Digital’s revenue was up 24.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 earnings per share. Analysts forecast that Kornit Digital will post $0.43 EPS for the current year.
A number of brokerages recently weighed in on KRNT. Barclays PLC boosted their price objective on shares of Kornit Digital from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, May 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Kornit Digital in a research report on Wednesday, February 15th. William Blair reaffirmed an “outperform” rating on shares of Kornit Digital in a research report on Wednesday, February 15th. Zacks Investment Research downgraded shares of Kornit Digital from a “strong-buy” rating to a “sell” rating in a research report on Friday, February 17th. Finally, Stifel Nicolaus boosted their price objective on shares of Kornit Digital from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, February 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $20.50.
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About Kornit Digital
Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.
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