Kornit Digital Ltd Company Profile (NASDAQ:KRNT)

About Kornit Digital Ltd

Kornit Digital Ltd logoKornit 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. The Company categorizes its Direct to Garment (DTG) systems into two groups: entry level and high throughput. The Company's entry-level systems consist of its Breeze and Thunder systems. Its high throughput systems consist of its Avalanche family of systems, Storm II and Paradigm II. Allegro is its Roll to Roll (R2R) printing system. Its ink and other consumables consist of NeoPigment PURE ink, binding agent, priming fluid, wiping fluid and flushing fluid. Its pigment-based inks are available in over seven colors and are formulated for use in its systems.

Industry, Sector and Symbol:
  • Sector: Industrial Products
  • Industry: Diversified Machinery
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: KRNT
  • CUSIP:
Key Metrics:
  • Previous Close: $17.10
  • 50 Day Moving Average: $16.68
  • 200 Day Moving Average: $12.43
  • 52-Week Range: $30,820,000.00 - $8.10
  • Trailing P/E Ratio: 620.37
  • Foreward P/E Ratio: 21.47
  • P/E Growth: 0.93
  • Market Cap: $516.24M
  • Outstanding Shares: 30,820,000
  • Beta: 0.2
Profitability:
  • Net Margins: 2.03%
  • Return on Equity: 5.14%
  • Return on Assets: 4.17%
Debt:
  • Current Ratio: 3.31%
  • Quick Ratio: 2.44%
Additional Links:
Companies Related to Kornit Digital Ltd:

Analyst Ratings

Consensus Ratings for Kornit Digital Ltd (NASDAQ:KRNT) (?)
Ratings Breakdown: 5 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $20.00 (19.40% upside)

Analysts' Ratings History for Kornit Digital Ltd (NASDAQ:KRNT)
Show:
DateFirmActionRatingPrice TargetDetails
2/15/2017Stifel NicolausBoost Price TargetBuy$18.00 -> $20.00View Rating Details
2/15/2017William BlairReiterated RatingOutperformView Rating Details
2/15/2017Needham & Company LLCReiterated RatingBuy$20.00View Rating Details
2/1/2017Barclays PLCBoost Price TargetOverweight$16.00 -> $20.00View Rating Details
7/1/2016Canaccord GenuityReiterated RatingBuy$20.00View Rating Details
4/27/2015Citigroup Inc.Initiated CoverageBuy$20.00View Rating Details
(Data available from 2/26/2015 forward)

Earnings

Earnings History for Kornit Digital Ltd (NASDAQ:KRNT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/3/2017        
2/14/201712/31/2016$0.13$0.16$32.78 million$34.00 millionViewListenView Earnings Details
11/9/20169/30/2016$0.08$0.11$28.79 million$30.90 millionViewListenView Earnings Details
8/2/2016Q2$0.04$0.02$24.53 million$24.00 millionViewListenView Earnings Details
5/3/2016Q1$0.02$0.02$22.54 million$21.80 millionViewListenView Earnings Details
2/9/2016Q4$0.09$0.10$25.86 million$25.50 millionViewListenView Earnings Details
11/3/2015Q315$0.08$0.09$24.12 million$22.20 millionViewListenView Earnings Details
8/4/2015Q215$0.04$0.07$21.42 million$21.30 millionViewListenView Earnings Details
5/6/2015Q1$0.08$17.19 million$17.60 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Kornit Digital Ltd (NASDAQ:KRNT)
Current Year EPS Consensus Estimate: $0.50 EPS
Next Year EPS Consensus Estimate: $0.78 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20161$0.03$0.03$0.03
Q3 20161$0.06$0.06$0.06
Q4 20161$0.11$0.11$0.11
Q1 20171$0.00$0.00$0.00
Q2 20171$0.09$0.09$0.09
Q3 20171$0.13$0.13$0.13
Q4 20171$0.17$0.17$0.17
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Kornit Digital Ltd (NASDAQ:KRNT)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Kornit Digital Ltd (NASDAQ:KRNT)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Latest Headlines for Kornit Digital Ltd (NASDAQ:KRNT)
DateHeadline
capitalcube.com logoKornit Digital Ltd. :KRNT-US: Earnings Analysis: 2016 By the Numbers : February 22, 2017 (NASDAQ:KRNT)
www.capitalcube.com - February 22 at 6:23 PM
News IconKornit Digital Ltd. (KRNT) Issues Earnings Results (NASDAQ:KRNT)
mundoaguaysaneamiento.net - February 17 at 6:14 PM
streetinsider.com logoForm 6-K Kornit Digital Ltd. For: Feb 15 (NASDAQ:KRNT)
www.streetinsider.com - February 16 at 5:52 PM
capitalcube.com logoKornit Digital Ltd. :KRNT-US: Earnings Analysis: Q4, 2016 By the Numbers : February 16, 2017 (NASDAQ:KRNT)
www.capitalcube.com - February 16 at 5:52 PM
capitalcube.com logoKornit Digital Ltd. :KRNT-US: Earnings Analysis: Q4, 2016 By the Numbers : February 16, 2017 (NASDAQ:KRNT)
www.capitalcube.com - February 16 at 5:52 PM
biz.yahoo.com logoQ4 2016 Kornit Digital Ltd Earnings Release - After Market Close (NASDAQ:KRNT)
us.rd.yahoo.com - February 15 at 5:45 AM
finance.yahoo.com logoEdited Transcript of KRNT earnings conference call or presentation 14-Feb-17 10:00pm GMT (NASDAQ:KRNT)
finance.yahoo.com - February 15 at 5:45 AM
globenewswire.com logoKornit Digital Reports 2016 Fourth Quarter and Year End Results (NASDAQ:KRNT)
globenewswire.com - February 14 at 7:40 PM
News IconWith An ROE Of 2.1%, Has Kornit Digital Ltd’s (KRNT) Management Done A Good Job? (NASDAQ:KRNT)
simplywall.st - February 14 at 7:40 PM
finance.yahoo.com logoKornit Digital posts 4Q profit (NASDAQ:KRNT)
finance.yahoo.com - February 14 at 7:40 PM
biz.yahoo.com logoKornit Digital Ltd Earnings Call scheduled for 5:00 pm ET today (NASDAQ:KRNT)
biz.yahoo.com - February 14 at 5:21 AM
thestreet.com logoShark Bites: If You're Not in the Right Stocks, You're in Trouble (NASDAQ:KRNT)
realmoney.thestreet.com - February 6 at 6:20 PM
thestreet.com logoOne of the Biggest Challenges of the Market Since Last Summer (NASDAQ:KRNT)
www.thestreet.com - February 6 at 6:20 PM
finance.yahoo.com logoKornit Digital Announces Date for Fourth Quarter and Full Year 2016 Earnings Results (NASDAQ:KRNT)
finance.yahoo.com - February 1 at 6:59 PM
News IconAre Kornit Digital Ltd (NASDAQ:KRNT) Shares Heading Higher? (NASDAQ:KRNT)
larampadinapoli.com - January 29 at 4:23 AM
News IconFortissimo sells Kornit shares for $90m (NASDAQ:KRNT)
www.globes.co.il - January 26 at 7:58 PM
us.rd.yahoo.com logoKornit Announces Launch of Public Offering of Ordinary Shares (NASDAQ:KRNT)
us.rd.yahoo.com - January 23 at 10:35 AM
finance.yahoo.com logoKornit Digital (KRNT) Shares March Higher, Can It Continue? (NASDAQ:KRNT)
finance.yahoo.com - January 23 at 10:35 AM
finance.yahoo.com logoKornit Digital receives orders for Allegro roll-to-roll systems at Heimtextil 2017 (NASDAQ:KRNT)
finance.yahoo.com - January 17 at 6:34 PM
finance.yahoo.com logo4:09 pm Kornit Digital received new system orders at Heimtextil 2017; financial details not disclosed (NASDAQ:KRNT)
finance.yahoo.com - January 17 at 6:34 PM
streetinsider.com logoKornit Digital (KRNT) PT Raised to $20 at Needham & Company Following Amazon Announcement (NASDAQ:KRNT)
www.streetinsider.com - January 12 at 6:41 PM
News IconWhy Kornit Digital Ltd (KRNT) Has Zero-Debt On Its Balance Sheet? (NASDAQ:KRNT)
simplywall.st - January 12 at 6:41 PM
finance.yahoo.com logoBlog Coverage Kornit Signs an Agreement with Amazon; Set to Supply Garment Printing Solutions (NASDAQ:KRNT)
finance.yahoo.com - January 12 at 6:41 PM
us.rd.yahoo.com logoKornit Digital Signs Agreement with Amazon (NASDAQ:KRNT)
us.rd.yahoo.com - January 11 at 6:50 PM
us.rd.yahoo.com logo7:46 am Kornit Digital to deliver a 'large' number of textile production systems to Amazon (AMZN (NASDAQ:KRNT)
us.rd.yahoo.com - January 11 at 6:50 PM
marketwatch.com logoKornit Digital grants Amazon warrants to buy stock (NASDAQ:KRNT)
us.rd.yahoo.com - January 11 at 6:50 PM
finance.yahoo.com logoKornit Digital to Present at Upcoming Investor Conferences (NASDAQ:KRNT)
finance.yahoo.com - December 28 at 6:06 PM
capitalcube.com logoETFs with exposure to Kornit Digital Ltd. : December 8, 2016 (NASDAQ:KRNT)
www.capitalcube.com - December 8 at 6:45 PM
finance.yahoo.com logoEdited Transcript of KRNT earnings conference call or presentation 9-Nov-16 10:00pm GMT (NASDAQ:KRNT)
finance.yahoo.com - December 7 at 3:23 PM
capitalcube.com logoKornit Digital Ltd. :KRNT-US: Earnings Analysis: Q3, 2016 By the Numbers : November 23, 2016 (NASDAQ:KRNT)
www.capitalcube.com - November 23 at 5:55 PM
seekingalpha.com logoKornit Digital's (KRNT) CEO Gabi Seligsohn on Q3 2016 Results - Earnings Call Transcript (NASDAQ:KRNT)
seekingalpha.com - November 10 at 8:29 AM
sg.finance.yahoo.com logoKornit Digital beats 3Q profit forecasts (NASDAQ:KRNT)
sg.finance.yahoo.com - November 10 at 8:29 AM
publicnow.com logoKornit Digital Reports 2016 Third Quarter Results (NASDAQ:KRNT)
www.publicnow.com - November 9 at 5:38 PM
biz.yahoo.com logoQ3 2016 Kornit Digital Ltd Earnings Release - After Market Close (NASDAQ:KRNT)
biz.yahoo.com - November 9 at 8:00 AM
capitalcube.com logoKornit Digital Ltd. breached its 50 day moving average in a Bullish Manner : KRNT-US : November 7, 2016 (NASDAQ:KRNT)
www.capitalcube.com - November 7 at 9:41 AM
finance.yahoo.com logoKornit Digital Announces Date for Third Quarter 2016 Earnings Results (NASDAQ:KRNT)
finance.yahoo.com - October 26 at 5:55 PM
capitalcube.com logoKornit Digital Ltd. breached its 50 day moving average in a Bearish Manner : KRNT-US : October 25, 2016 (NASDAQ:KRNT)
www.capitalcube.com - October 25 at 10:52 AM
capitalcube.com logoETF’s with exposure to Kornit Digital Ltd. : October 18, 2016 (NASDAQ:KRNT)
www.capitalcube.com - October 18 at 11:03 AM
capitalcube.com logoKornit Digital Ltd. breached its 50 day moving average in a Bullish Manner : KRNT-US : October 11, 2016 (NASDAQ:KRNT)
www.capitalcube.com - October 11 at 6:04 PM
News IconProject Runway’s Sink or Swim episode to use digital roll-to-roll printing system Kornit Allegro (NASDAQ:KRNT)
eprretailnews.com - October 6 at 5:43 PM
finance.yahoo.com logoKornit Digital Provides On-Demand Fashion Production Technology for Project Runway (NASDAQ:KRNT)
finance.yahoo.com - October 3 at 10:27 AM
capitalcube.com logoETF’s with exposure to Kornit Digital Ltd. : September 28, 2016 (NASDAQ:KRNT)
www.capitalcube.com - September 28 at 10:44 AM
capitalcube.com logoETF’s with exposure to Kornit Digital Ltd. : September 14, 2016 (NASDAQ:KRNT)
www.capitalcube.com - September 14 at 5:58 PM
finance.yahoo.com logoKornit Digital to Present at the 2016 Citi Global Technology Conference (NASDAQ:KRNT)
finance.yahoo.com - August 29 at 5:46 PM
capitalcube.com logoKornit Digital Ltd. breached its 50 day moving average in a Bullish Manner : KRNT-US : August 16, 2016 (NASDAQ:KRNT)
www.capitalcube.com - August 16 at 9:08 AM
capitalcube.com logoKornit Digital Ltd. :KRNT-US: Earnings Analysis: Q2, 2016 By the Numbers : August 5, 2016 (NASDAQ:KRNT)
www.capitalcube.com - August 5 at 6:01 PM
finance.yahoo.com logoEdited Transcript of KRNT earnings conference call or presentation 2-Aug-16 9:00pm GMT (NASDAQ:KRNT)
finance.yahoo.com - August 3 at 9:05 AM
globenewswire.com logoKornit Digital Reports 2016 Second Quarter Results (NASDAQ:KRNT)
globenewswire.com - August 2 at 6:07 PM
biz.yahoo.com logoQ2 2016 Kornit Digital Ltd Earnings Release - After Market Close (NASDAQ:KRNT)
biz.yahoo.com - August 2 at 10:41 AM
finance.yahoo.com logoPrinting Stocks to Watch for Earnings on Aug 2: ARC, KRNT (NASDAQ:KRNT)
finance.yahoo.com - August 1 at 9:18 AM

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What is Kornit Digital Ltd's stock symbol?

Kornit Digital Ltd trades on the NASDAQ under the ticker symbol "KRNT."

Where is Kornit Digital Ltd's stock going? Where will Kornit Digital Ltd's stock price be in 2017?

5 brokers have issued 1 year price targets for Kornit Digital Ltd's shares. Their predictions range from $20.00 to $20.00. On average, they anticipate Kornit Digital Ltd's share price to reach $20.00 in the next twelve months.

When will Kornit Digital Ltd announce their earnings?

Kornit Digital Ltd is scheduled to release their next quarterly earnings announcement on Wednesday, May, 3rd 2017.

What are analysts saying about Kornit Digital Ltd stock?

Here are some recent quotes from research analysts about Kornit Digital Ltd stock:

  • According to Zacks Investment Research, "Kornit Digital, Ltd. is engaged in developing, manufacturing and marketing industrial and commercial printing solutions. The company offers a portfolio of direct to garment printers from entry level to mass production; NeoPigment ink solutions; roll to roll printers and pretereatment systems and software for the garment and textile printing industry. Kornit Digital, Ltd. is headquartered in Rosh-Ha`Ayin, Israel. " (2/17/2017)

  • Stifel Nicolaus analysts commented, "After the market close Kornit reported 4Q16 results with revenue and pro forma EPS ahead of our and consensus estimates. Specifically, revenue and pro forma earnings were $34.0 million/$0.16 compared to our estimates of $33.0 million/$0.14 and consensus of $32.7 million/$0.13. Results were slightly above management's updated guidance provided on January 26th in conjunction with the company's follow-on equity offering. For the March quarter the company is targeting revenue growth of 32.4% y/y at the midpoint of the guidance range of $27.4 - $30.4 million, with the top-line behind our prior estimate of $30.0 million and consensus of $29.1 million. Kornit anticipates 1Q17 operating margin will be in the range of 2.0%-6.0%, with the mid-point of 4.0% behind our 8.3% expectation as the company sees a heavy level of tradeshows and marketing entering the year before opex growth should moderate - the company anticipates a meaningful uptick in operating margin exiting the year. We maintain our Buy rating as we believe the combination of Amazon growth, new products (Allegro and Vulcan focus), and gross margin tailwinds (ink and consumable sales and system upgrades driving services) represent a compelling investment." (2/15/2017)
  • William Blair analysts commented, "Kornit reported strong fourth-quarter results, with adjusted revenue of $34.0 million (up 33% year-over-year), above the consensus estimate of $32.7 million and at the high end of management's updated guidance range of $32 million-$34 million. The company slightly revised upward fourth-quarter guidance for revenue and operating margin in the prospectus for the follow-on offering in January. The strong revenue result was driven by continued growth in the core direct-to-garment solutions, contributions from sales of the Allegro and Vulcan (first contribution to revenue occurred in the fourth quarter), and growth in consumables sales. Revenue increased 10% sequentially. Kornit now has at least 20 different Allegro customer sites, including 3 sites with multiple systems (a fourth site with multiple systems is expected soon). The Vulcan has been placed at four customer sites. Other highlights in the quarter include a formal agreement with Amazon (AMZN $836.39; Outperform), initial revenue from system upgrades, and growing coverage of the installed base with service contracts. At the end of 2016, 16% of the installed base had a service contract, up from 0% in 2013 and 12% in 2015. Please see our note from January 11, 2017, titled 'Signs Agreement With Amazon,' for full details of the Amazon (AMZN $836.53; Outperform) arrangement. Kornit management expects Amazon to accept meaningful equipment shipments in 2017 following zero system shipments in the fourth quarter. Adjusted operating margin of 15.1% in the quarter was above the updated guidance range of 13% to 17% and above the consensus estimate of 14.3%. Adjusted EPS were $0.16, above the consensus estimate of $0.13." (2/15/2017)
  • Canaccord Genuity analysts commented, "We reiterate a BUY on KRNT based on our expectations of continuing 30%+ revenue growth and improving margins." (7/1/2016)

Who owns Kornit Digital Ltd stock?

Kornit Digital Ltd's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Federated Investors Inc. PA (1.95%), Royce & Associates LP (0.85%), Disciplined Growth Investors Inc. MN (0.67%), Herald Investment Management Ltd (0.65%), Hodges Capital Management Inc. (0.33%) and Wall Street Associates (0.12%).

Who sold Kornit Digital Ltd stock? Who is selling Kornit Digital Ltd stock?

Kornit Digital Ltd's stock was sold by a variety of institutional investors in the last quarter, including Hodges Capital Management Inc., Federated Investors Inc. PA and Wall Street Associates.

Who bought Kornit Digital Ltd stock? Who is buying Kornit Digital Ltd stock?

Kornit Digital Ltd's stock was purchased by a variety of institutional investors in the last quarter, including Royce & Associates LP, Disciplined Growth Investors Inc. MN, Boothbay Fund Management LLC and Renaissance Technologies LLC.

How do I buy Kornit Digital Ltd stock?

Shares of Kornit Digital Ltd can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Kornit Digital Ltd stock cost?

One share of Kornit Digital Ltd stock can currently be purchased for approximately $16.75.

Kornit Digital Ltd (NASDAQ:KRNT) Chart for Sunday, February, 26, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Kornit Digital Ltd (NASDAQ:KRNT)

Earnings History Chart

Earnings by Quarter for Kornit Digital Ltd (NASDAQ:KRNT)

Dividend History Chart

Dividend Payments by Quarter for Kornit Digital Ltd (NASDAQ:KRNT)

Last Updated on 2/26/2017 by MarketBeat.com Staff