Kornit Digital Company Profile (NASDAQ:KRNT)

About Kornit Digital (NASDAQ:KRNT)

Kornit Digital 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: Specialized Printing Services
  • Sub-Industry: N/A
  • Symbol: NASDAQ:KRNT
  • CUSIP: N/A
  • Web: www.kornit-digital.com
Capitalization:
  • Market Cap: $502.63 million
  • Outstanding Shares: 33,658,000
Average Prices:
  • 50 Day Moving Avg: $19.39
  • 200 Day Moving Avg: $18.62
  • 52 Week Range: $8.90 - $23.15
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 27.78
  • P/E Growth: 0.89
Sales & Book Value:
  • Annual Revenue: $118.6 million
  • Price / Sales: 4.26
  • Book Value: $4.36 per share
  • Price / Book: 3.44
Profitability:
  • EBIDTA: $7.4 million
  • Net Margins: -0.29%
  • Return on Equity: 7.05%
  • Return on Assets: 5.66%
Debt:
  • Current Ratio: 3.57%
  • Quick Ratio: 2.31%
Misc:
  • Average Volume: 286,438 shs.
  • Beta: 0.07
  • Short Ratio: 11.39
 

Frequently Asked Questions for Kornit Digital (NASDAQ:KRNT)

What is Kornit Digital's stock symbol?

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

How were Kornit Digital's earnings last quarter?

Kornit Digital Ltd. (NASDAQ:KRNT) announced its quarterly earnings results on Monday, August, 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.02 by $0.04. The company earned $28.59 million during the quarter, compared to the consensus estimate of $29.81 million. Kornit Digital had a positive return on equity of 7.05% and a negative net margin of 0.29%. Kornit Digital's revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 earnings per share. View Kornit Digital's Earnings History.

When will Kornit Digital make its next earnings announcement?

Kornit Digital is scheduled to release their next quarterly earnings announcement on Wednesday, November, 8th 2017. View Earnings Estimates for Kornit Digital.

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

7 brokers have issued twelve-month target prices for Kornit Digital's stock. Their predictions range from $20.00 to $26.00. On average, they expect Kornit Digital's share price to reach $22.33 in the next twelve months. View Analyst Ratings for Kornit Digital.

What are analysts saying about Kornit Digital stock?

Here are some recent quotes from research analysts about Kornit Digital 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. " (7/12/2017)
  • 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's key competitors?

Who are Kornit Digital's key executives?

Kornit Digital's management team includes the folowing people:

  • Gabi Seligsohn, Chief Executive Officer
  • Guy Avidan, Chief Financial Officer
  • Ofer Sandelson, Chief Operating Officer
  • Gilad Yron, Executive Vice President of Global Business
  • Nuriel Amir, Chief Technology Officer

When did Kornit Digital IPO?

(KRNT) raised $99 million in an initial public offering (IPO) 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 stock?

Kornit Digital's stock is owned by a number of of retail and institutional investors. Top institutional investors include Gilder Gagnon Howe & Co. LLC (5.85%), Capital World Investors (4.15%), Stephens Investment Management Group LLC (3.89%), Senvest Management LLC (3.66%), Schroder Investment Management Group (3.26%) and Russell Investments Group Ltd. (2.55%). View Institutional Ownership Trends for Kornit Digital.

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

Kornit Digital's stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Senvest Management LLC, Summit Partners Public Asset Management LLC, Federated Investors Inc. PA, Royce & Associates LP, TIAA CREF Investment Management LLC, Grandeur Peak Global Advisors LLC and Thompson Siegel & Walmsley LLC. View Insider Buying and Selling for Kornit Digital.

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

Kornit Digital's stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Clal Insurance Enterprises Holdings Ltd, Stephens Investment Management Group LLC, Wasatch Advisors Inc., FMR LLC, Gilder Gagnon Howe & Co. LLC, Kornitzer Capital Management Inc. KS and Summit Creek Advisors LLC. View Insider Buying and Selling for Kornit Digital.

How do I buy Kornit Digital stock?

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

What is Kornit Digital's stock price today?

One share of Kornit Digital stock can currently be purchased for approximately $15.00.


MarketBeat Community Rating for Kornit Digital (NASDAQ KRNT)
Community Ranking:  3.5 out of 5 (star star star half star)
Outperform Votes:  125 (Vote Outperform)
Underperform Votes:  53 (Vote Underperform)
Total Votes:  178
MarketBeat's community ratings are surveys of what our community members think about Kornit Digital and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Kornit Digital (NASDAQ:KRNT) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 7 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $22.33 (48.89% upside)

Analysts' Ratings History for Kornit Digital (NASDAQ:KRNT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/8/2017Canaccord GenuityReiterated RatingBuy$24.00MediumView Rating Details
7/11/2017Craig HallumInitiated CoverageBuy$26.00HighView Rating Details
5/10/2017Barclays PLCBoost Price TargetOverweight -> Overweight$20.00 -> $22.00HighView Rating Details
4/25/2017Citigroup Inc.Set 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
(Data available from 8/22/2015 forward)

Earnings

Earnings History for Kornit Digital (NASDAQ:KRNT)
Earnings by Quarter for Kornit Digital (NASDAQ:KRNT)
Earnings History by Quarter for Kornit Digital (NASDAQ KRNT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/7/2017$0.14N/AView Earnings Details
8/7/20176/30/2017$0.02$0.06$29.81 million$28.59 millionViewListenView Earnings Details
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 (NASDAQ:KRNT)
2017 EPS Consensus Estimate: $0.27
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.00$0.00$0.00
Q2 20171$0.03$0.03$0.03
Q3 20171$0.11$0.11$0.11
Q4 20171$0.13$0.13$0.13
(Data provided by Zacks Investment Research)

Dividends

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

Insider Trades

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

Headlines

Headline Trends for Kornit Digital (NASDAQ:KRNT)
Latest Headlines for Kornit Digital (NASDAQ:KRNT)
Source:
DateHeadline
americanbankingnews.com logoBidaskClub Downgrades Kornit Digital Ltd. (KRNT) to Strong Sell
www.americanbankingnews.com - August 19 at 5:20 PM
finance.yahoo.com logoKornit Digital Ltd. – Value Analysis (NASDAQ:KRNT) : August 19, 2017
finance.yahoo.com - August 19 at 1:16 AM
americanbankingnews.com logoWilliam Blair Brokers Lift Earnings Estimates for Kornit Digital Ltd. (KRNT)
www.americanbankingnews.com - August 11 at 10:45 AM
americanbankingnews.com logoQ4 2017 EPS Estimates for Kornit Digital Ltd. Decreased by William Blair (NASDAQ:KRNT)
www.americanbankingnews.com - August 10 at 10:46 AM
americanbankingnews.com logoCanaccord Genuity Reaffirms Buy Rating for Kornit Digital Ltd. (NASDAQ:KRNT)
www.americanbankingnews.com - August 9 at 12:38 AM
finance.yahoo.com logoKornit Digital Ltd. breached its 50 day moving average in a Bearish Manner : KRNT-US : August 8, 2017
finance.yahoo.com - August 8 at 8:01 PM
finance.yahoo.com logoKornit Digital beats 2Q profit forecasts
finance.yahoo.com - August 8 at 8:01 PM
seekingalpha.com logoKornit Digital's (KRNT) CEO Gabi Seligsohn on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - August 8 at 5:43 AM
finance.yahoo.com logoEdited Transcript of KRNT earnings conference call or presentation 7-Aug-17 9:00pm GMT
finance.yahoo.com - August 8 at 5:43 AM
americanbankingnews.com logoKornit Digital Ltd. (NASDAQ:KRNT) Announces Quarterly Earnings Results
www.americanbankingnews.com - August 7 at 8:08 PM
finance.yahoo.com logoKornit Digital Reports 2017 Second Quarter Results
finance.yahoo.com - August 7 at 7:43 PM
americanbankingnews.com logoKornit Digital Ltd. (KRNT) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - August 4 at 6:46 PM
americanbankingnews.com logo Brokerages Expect Kornit Digital Ltd. (NASDAQ:KRNT) to Announce $0.02 Earnings Per Share
www.americanbankingnews.com - August 3 at 12:12 PM
americanbankingnews.com logoKornit Digital Ltd. (KRNT) Scheduled to Post Quarterly Earnings on Monday
www.americanbankingnews.com - July 31 at 8:47 AM
finance.yahoo.com logoKornit Digital Announces Date for Second Quarter 2017 Earnings Results
finance.yahoo.com - July 25 at 10:41 PM
finance.yahoo.com logoKornit Digital to Present at the Canaccord Genuity Growth Conference
finance.yahoo.com - July 25 at 10:41 PM
americanbankingnews.com logo$29.85 Million in Sales Expected for Kornit Digital Ltd. (KRNT) This Quarter
www.americanbankingnews.com - July 14 at 4:24 PM
finance.yahoo.com logoETFs with exposure to Kornit Digital Ltd. : July 12, 2017
finance.yahoo.com - July 13 at 6:12 AM
americanbankingnews.com logoZacks: Analysts Anticipate Kornit Digital Ltd. (NASDAQ:KRNT) Will Announce Earnings of $0.03 Per Share
www.americanbankingnews.com - July 12 at 7:35 AM
americanbankingnews.com logoKornit Digital Ltd. (KRNT) Research Coverage Started at Craig Hallum
www.americanbankingnews.com - July 11 at 9:38 PM
americanbankingnews.com logoComparing The ExOne Company (XONE) and Kornit Digital (KRNT)
www.americanbankingnews.com - July 11 at 7:36 AM
americanbankingnews.com logoKornit Digital Ltd. (NASDAQ:KRNT) Given Consensus Recommendation of "Buy" by Analysts
www.americanbankingnews.com - July 10 at 7:07 PM
finance.yahoo.com logoKornit Digital to Present at the CJS Securities 17th Annual “New Ideas” Summer Conference
finance.yahoo.com - July 6 at 7:07 AM
finance.yahoo.com logoKornit Digital Ltd. breached its 50 day moving average in a Bearish Manner : KRNT-US : July 3, 2017
finance.yahoo.com - July 3 at 7:48 PM
americanbankingnews.com logoCritical Analysis: Kornit Digital (KRNT) vs. The ExOne Company (XONE)
www.americanbankingnews.com - June 28 at 8:10 AM
finance.yahoo.com logoETFs with exposure to Kornit Digital Ltd. : June 26, 2017
finance.yahoo.com - June 26 at 8:07 PM
finance.yahoo.com logoKornit Digital Ltd. :KRNT-US: Earnings Analysis: Q1, 2017 By the Numbers : June 22, 2017
finance.yahoo.com - June 23 at 7:37 AM
finance.yahoo.com logoKornit Digital Ltd. breached its 50 day moving average in a Bullish Manner : KRNT-US : June 20, 2017
finance.yahoo.com - June 20 at 7:11 PM
americanbankingnews.com logoZacks: Analysts Expect Kornit Digital Ltd. (KRNT) Will Announce Earnings of $0.03 Per Share
www.americanbankingnews.com - June 16 at 8:25 AM
finance.yahoo.com logoETFs with exposure to Kornit Digital Ltd. : June 15, 2017
finance.yahoo.com - June 16 at 7:10 AM
americanbankingnews.com logoKornit Digital Ltd. (KRNT) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - June 13 at 6:42 PM
finance.yahoo.com logoKornit Digital Ltd. breached its 50 day moving average in a Bullish Manner : KRNT-US : June 8, 2017
finance.yahoo.com - June 8 at 8:42 AM
americanbankingnews.com logoKornit Digital Ltd (KRNT) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - May 28 at 5:56 PM
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

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Kornit Digital (KRNT) Chart for Tuesday, August, 22, 2017

This page was last updated on 8/22/2017 by MarketBeat.com Staff