Kornit Digital (NASDAQ:KRNT) Receiving Somewhat Positive News Coverage, Study Shows
Media stories about Kornit Digital (NASDAQ:KRNT) have been trending somewhat positive on Sunday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kornit Digital earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 47.7250486332199 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- William Blair Brokers Lift Earnings Estimates for Kornit Digital Ltd. (KRNT) (americanbankingnews.com)
- Q4 2017 EPS Estimates for Kornit Digital Ltd. Decreased by William Blair (NASDAQ:KRNT) (americanbankingnews.com)
- Canaccord Genuity Reaffirms Buy Rating for Kornit Digital Ltd. (NASDAQ:KRNT) (americanbankingnews.com)
- Kornit Digital Ltd. breached its 50 day moving average in a Bearish Manner : KRNT-US : August 8, 2017 (finance.yahoo.com)
- Kornit Digital beats 2Q profit forecasts (finance.yahoo.com)
Shares of Kornit Digital (KRNT) traded down 0.30% during trading on Friday, hitting $16.85. 345,011 shares of the stock were exchanged. The stock’s market cap is $568.40 million. Kornit Digital has a 12-month low of $8.90 and a 12-month high of $23.15. The stock’s 50 day moving average is $20.02 and its 200-day moving average is $18.64.
Kornit Digital (NASDAQ:KRNT) last posted its earnings results on Monday, August 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.04. The firm had revenue of $28.59 million during the quarter, compared to analysts’ expectations of $29.81 million. Kornit Digital had a negative net margin of 0.29% and a positive return on equity of 7.05%. The company’s revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share. Equities research analysts anticipate that Kornit Digital will post $0.41 EPS for the current year.
KRNT has been the topic of a number of recent analyst reports. Craig Hallum initiated coverage on shares of Kornit Digital in a research note on Tuesday, July 11th. They set a “buy” rating and a $26.00 price target on the stock. Citigroup Inc. set a $22.00 target price on shares of Kornit Digital and gave the company a “buy” rating in a research note on Tuesday, April 25th. BidaskClub downgraded shares of Kornit Digital from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Canaccord Genuity reissued a “buy” rating and issued a $24.00 target price on shares of Kornit Digital in a research note on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of Kornit Digital from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.86.
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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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