Kornit Digital Ltd Company Profile (NASDAQ:KRNT)

About Kornit Digital Ltd (NASDAQ:KRNT)

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
  • Symbol: NASDAQ:KRNT
  • CUSIP: N/A
  • Web: www.kornit-digital.com
Capitalization:
  • Market Cap: $579.68 million
  • Outstanding Shares: 32,658,000
Average Prices:
  • 50 Day Moving Avg: $19.86
  • 200 Day Moving Avg: $16.25
  • 52 Week Range: $8.16 - $23.15
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 23.99
  • P/E Growth: 1.14
Sales & Book Value:
  • Annual Revenue: $113.96 million
  • Price / Sales: 5.09
  • Book Value: $4.38 per share
  • Price / Book: 4.05
Profitability:
  • EBIDTA: $6.97 million
  • Net Margins: 2.03%
  • Return on Equity: 5.14%
  • Return on Assets: 4.17%
Debt:
  • Current Ratio: 3.31%
  • Quick Ratio: 2.44%
Misc:
  • Average Volume: 355,590 shs.
  • Beta: 0.2
  • Short Ratio: 4.33
 

Frequently Asked Questions for Kornit Digital Ltd (NASDAQ:KRNT)

What is Kornit Digital Ltd's stock symbol?

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

How were Kornit Digital Ltd's earnings last quarter?

Kornit Digital Ltd (NASDAQ:KRNT) announced its earnings results on Tuesday, May, 9th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.03 by $0.04. The firm had revenue of $27.10 million for the quarter, compared to analyst estimates of $29.20 million. Kornit Digital Ltd had a net margin of 2.03% and a return on equity of 5.14%. Kornit Digital Ltd's revenue was up 24.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 EPS. View Kornit Digital Ltd's Earnings History.

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

6 analysts have issued twelve-month price targets for Kornit Digital Ltd's stock. Their predictions range from $20.00 to $22.00. On average, they anticipate Kornit Digital Ltd's stock price to reach $20.80 in the next year. View Analyst Ratings for Kornit Digital Ltd.

What are analysts saying about Kornit Digital Ltd stock?

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

  • 1. 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. " (5/16/2017)
  • 2. William Blair analysts commented, " We recently had the opportunity to tour Kornit's two facilities just north of Milwaukee, Wisconsin. The meeting included a presentation by Rich Thompson, president of Kornit's North American operation. We also saw the company's printers in action, including the Storm, Avalanche, Vulcan, and Allegro models. Given that product demonstrations were the primary focus of the meeting, we were not left with significant incremental information about Kornit. Nevertheless, we offer a few highlights from Mr. Thompson's presentation and our updated thoughts on the company... At 18, Kornit shares now trade at 35 times our 2017 adjusted EPS estimate of $0.51 and at 25 times our 2018 adjusted EPS estimate of $0.71. Given Kornit's strong double-digit revenue and earnings growth potential, differentiated product portfolio, strong management team, and long runway of opportunity in digital textile printing in general, we believe the current multiple is appropriate. The average forward P/E multiple for companies with financial and growth profiles comparable to Kornit's is about 25-30 times. Based on our expectation that the stock maintains the current next-12-months' multiple of about 30 times, and our preliminary forecast for EPS of about $0.90 in 2019, we continue to see material upside in the stock over the next 12-18 months and maintain an Outperform rating." (3/24/2017)
  • 3. 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)

Who are some of Kornit Digital Ltd's key competitors?

When did Kornit Digital Ltd IPO?

(KRNT) raised $99 million in an initial public offering on Thursday, April 2nd 2015. The company issued 7,100,000 shares at a price of $13.00-$15.00 per share. Barclays and Citigroup served as the underwriters for the IPO and William Blair, Stifel, Canaccord Genuity and Needham were co-managers.

Who owns Kornit Digital Ltd stock?

Kornit Digital Ltd's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Gilder Gagnon Howe & Co. LLC (4.98%), Schroder Investment Management Group (3.17%), Blair William & Co. IL (2.92%), Granahan Investment Management Inc. MA (2.62%), Stephens Investment Management Group LLC (2.31%) and Goldman Sachs Group Inc. (2.23%). View Institutional Ownership Trends for Kornit Digital Ltd.

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 Goldman Sachs Group Inc., Grandeur Peak Global Advisors LLC and Symmetry Peak Management LLC. View Insider Buying and Selling for Kornit Digital Ltd.

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

Kornit Digital Ltd's stock was acquired by a variety of institutional investors in the last quarter, including Gilder Gagnon Howe & Co. LLC, Stephens Investment Management Group LLC, Granahan Investment Management Inc. MA, Blair William & Co. IL, United Services Automobile Association, Pier Capital LLC, AWM Investment Company Inc. and Russell Investments Group Ltd.. View Insider Buying and Selling for Kornit Digital Ltd.

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 $17.75.

Analyst Ratings

Consensus Ratings for Kornit Digital Ltd (NASDAQ:KRNT) (?)
Ratings Breakdown: 6 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $20.80 (17.18% upside)

Analysts' Ratings History for Kornit Digital Ltd (NASDAQ:KRNT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/10/2017Barclays PLCBoost Price TargetOverweight -> Overweight$20.00 -> $22.00HighView Rating Details
4/25/2017Citigroup IncSet Price TargetBuy$22.00MediumView Rating Details
3/24/2017William BlairReiterated RatingOutperformMediumView Rating Details
2/15/2017Stifel NicolausBoost Price TargetBuy$18.00 -> $20.00N/AView Rating Details
2/15/2017Needham & Company LLCReiterated RatingBuy$20.00N/AView Rating Details
7/1/2016Canaccord GenuityReiterated RatingBuy$20.00N/AView Rating Details
(Data available from 5/26/2015 forward)

Earnings

Earnings History for Kornit Digital Ltd (NASDAQ:KRNT)
Earnings by Quarter for Kornit Digital Ltd (NASDAQ:KRNT)
Earnings History by Quarter for Kornit Digital Ltd (NASDAQ:KRNT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/9/20173/31/2017$0.03($0.01)$29.20 million$27.10 millionViewListenView Earnings Details
2/14/201712/31/2016$0.13$0.16$32.78 million$34.00 millionViewListenView Earnings Details
11/9/20169/30/2016$0.08$0.09$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$0.02$0.05$21.42 million$21.30 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Kornit Digital Ltd (NASDAQ:KRNT)
2017 EPS Consensus Estimate: $0.28
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.00$0.00$0.00
Q2 20171$0.03$0.03$0.03
Q3 20171$0.10$0.10$0.10
Q4 20171$0.15$0.15$0.15
(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

Headline Trends for Kornit Digital Ltd (NASDAQ:KRNT)
Latest Headlines for Kornit Digital Ltd (NASDAQ:KRNT)
Source:
DateHeadline
americanbankingnews.com logoKornit Digital Ltd (KRNT) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - May 19 at 7:30 PM
finance.yahoo.com logoKornit Digital Ltd. – Value Analysis (NASDAQ:KRNT) : May 19, 2017
finance.yahoo.com - May 19 at 5:55 PM
finance.yahoo.com logoKornit Digital Ltd. breached its 50 day moving average in a Bearish Manner : KRNT-US : May 18, 2017
finance.yahoo.com - May 18 at 8:57 AM
streetinsider.com logoKornit Digital (KRNT) Prices 4.25M Secondary Offering at $20.60/Share
www.streetinsider.com - May 16 at 10:48 AM
finance.yahoo.com logoKornit Announces Pricing of Secondary Public Offering of Ordinary Shares
finance.yahoo.com - May 16 at 10:48 AM
streetinsider.com logoKornit Digital (KRNT) Launches 4.25M Secondary Public Offering of Ordinary Shares
www.streetinsider.com - May 15 at 5:39 PM
finance.yahoo.com logoKornit Announces Launch of Secondary Public Offering of Ordinary Shares
finance.yahoo.com - May 15 at 5:39 PM
americanbankingnews.com logoWilliam Blair Comments on Kornit Digital Ltd's Q2 2017 Earnings (KRNT)
www.americanbankingnews.com - May 12 at 10:11 AM
seekingalpha.com logoKornit Digital misses by $0.01, misses on revenue
seekingalpha.com - May 11 at 11:42 PM
finance.yahoo.com logoEdited Transcript of KRNT earnings conference call or presentation 9-May-17 9:00pm GMT
finance.yahoo.com - May 11 at 1:17 AM
americanbankingnews.com logoKornit Digital Ltd (KRNT) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS
www.americanbankingnews.com - May 11 at 12:28 AM
americanbankingnews.com logoKornit Digital Ltd (KRNT) PT Raised to $22.00 at Barclays PLC
www.americanbankingnews.com - May 10 at 9:30 PM
finance.yahoo.com logoInvestor Network: Kornit Digital Ltd. to Host Earnings Call
finance.yahoo.com - May 9 at 5:59 PM
finance.yahoo.com logoKornit Digital Reports 2017 First Quarter Results
finance.yahoo.com - May 9 at 5:59 PM
americanbankingnews.com logoKornit Digital Ltd (KRNT) Expected to Post Quarterly Sales of $29.27 Million
www.americanbankingnews.com - May 4 at 1:03 AM
americanbankingnews.com logoKornit Digital (KRNT) Given Daily Media Sentiment Rating of 0.05
www.americanbankingnews.com - May 3 at 2:35 PM
americanbankingnews.com logo$29.27 Million in Sales Expected for Kornit Digital Ltd (KRNT) This Quarter
www.americanbankingnews.com - April 30 at 9:52 AM
americanbankingnews.com logoKornit Digital (KRNT) Earning Somewhat Negative News Coverage, Report Shows
www.americanbankingnews.com - April 30 at 8:07 AM
americanbankingnews.com logoKornit Digital (KRNT) Receives News Sentiment Rating of 0.10
www.americanbankingnews.com - April 27 at 11:39 PM
americanbankingnews.com logoCitigroup Inc Analysts Give Kornit Digital Ltd (KRNT) a $22.00 Price Target
www.americanbankingnews.com - April 25 at 4:46 PM
finance.yahoo.com logoKornit Digital Announces Date for First Quarter 2017 Earnings Results
finance.yahoo.com - April 25 at 10:28 AM
americanbankingnews.com logoKornit Digital Ltd (KRNT) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - April 24 at 8:18 PM
americanbankingnews.com logoKornit Digital (KRNT) Receives Daily News Sentiment Score of 0.44
www.americanbankingnews.com - April 24 at 3:20 PM
americanbankingnews.com logoKornit Digital (KRNT) Receiving Favorable Media Coverage, Study Shows
www.americanbankingnews.com - April 18 at 5:30 PM
americanbankingnews.com logoKornit Digital (KRNT) Receiving Somewhat Critical Media Coverage, AlphaOne Reports
www.americanbankingnews.com - April 15 at 2:13 PM
americanbankingnews.com logoShort Interest in Kornit Digital Ltd (KRNT) Drops By 2.0%
www.americanbankingnews.com - April 11 at 7:13 AM
americanbankingnews.com logo Brokerages Expect Kornit Digital Ltd (KRNT) Will Post Quarterly Sales of $29.27 Million
www.americanbankingnews.com - April 9 at 10:07 AM
nasdaq.com logoKornit Digital Announces Filing of 2016 Annual Report on Form 20-F - Nasdaq
www.nasdaq.com - April 8 at 8:41 AM
finance.yahoo.com logoETFs with exposure to Kornit Digital Ltd. : April 5, 2017
finance.yahoo.com - April 7 at 10:45 AM
finance.yahoo.com logoKornit Digital Announces Filing of 2016 Annual Report on Form 20-F
finance.yahoo.com - April 7 at 10:45 AM
americanbankingnews.com logoKornit Digital Ltd (KRNT) Receives "Outperform" Rating from William Blair
www.americanbankingnews.com - March 30 at 9:05 AM
americanbankingnews.com logoKornit Digital Ltd (KRNT) Given Outperform Rating at William Blair
www.americanbankingnews.com - March 24 at 11:13 AM
americanbankingnews.com logoKornit Digital Ltd (KRNT) Upgraded by Zacks Investment Research to Hold
www.americanbankingnews.com - March 19 at 5:42 PM
streetinsider.com logoForm 6-K Kornit Digital Ltd. For: Feb 15
www.streetinsider.com - February 16 at 5:52 PM
biz.yahoo.com logoQ4 2016 Kornit Digital Ltd Earnings Release - After Market Close
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
finance.yahoo.com - February 15 at 5:45 AM
globenewswire.com logoKornit Digital Reports 2016 Fourth Quarter and Year End Results
globenewswire.com - February 14 at 7:40 PM
finance.yahoo.com logoKornit Digital posts 4Q profit
finance.yahoo.com - February 14 at 7:40 PM
biz.yahoo.com logoKornit Digital Ltd Earnings Call scheduled for 5:00 pm ET today
biz.yahoo.com - February 14 at 5:21 AM
thestreet.com logoOne of the Biggest Challenges of the Market Since Last Summer
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
finance.yahoo.com - February 1 at 6:59 PM
us.rd.yahoo.com logoKornit Announces Launch of Public Offering of Ordinary Shares
us.rd.yahoo.com - January 23 at 10:35 AM
finance.yahoo.com logoKornit Digital (KRNT) Shares March Higher, Can It Continue?
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
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
finance.yahoo.com - January 17 at 6:34 PM
streetinsider.com logoKornit Digital (KRNT) PT Raised to $20 at Needham & Company Following Amazon Announcement
www.streetinsider.com - January 12 at 6:41 PM
finance.yahoo.com logoBlog Coverage Kornit Signs an Agreement with Amazon; Set to Supply Garment Printing Solutions
finance.yahoo.com - January 12 at 6:41 PM
us.rd.yahoo.com logoKornit Digital Signs Agreement with Amazon
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) in support of its Merch by Amazon program; co to grant Amazon warrants to acquire over a five-year period
us.rd.yahoo.com - January 11 at 6:50 PM
marketwatch.com logoKornit Digital grants Amazon warrants to buy stock
us.rd.yahoo.com - January 11 at 6:50 PM

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Chart

Kornit Digital Ltd (KRNT) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by MarketBeat.com Staff