Kornit Digital (KRNT) Projected to Post Quarterly Earnings on Wednesday

Kornit Digital (NASDAQ:KRNT) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $60.59 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Kornit Digital Price Performance

Shares of Kornit Digital stock opened at $29.49 on Tuesday. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of -33.51 and a beta of 2.02. Kornit Digital has a 1 year low of $13.59 and a 1 year high of $34.28. The company has a 50-day moving average of $30.76 and a 200 day moving average of $25.87.

Analyst Upgrades and Downgrades

Several research firms have commented on KRNT. Morgan Stanley boosted their target price on Kornit Digital from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Cantor Fitzgerald started coverage on shares of Kornit Digital in a research note on Tuesday, November 26th. They issued an “overweight” rating and a $39.00 target price on the stock. Needham & Company LLC boosted their price objective on shares of Kornit Digital from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Craig Hallum lifted their target price on Kornit Digital from $27.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.40.

Kornit Digital Company Profile

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services.