Kornit Digital (NASDAQ:KRNT) Stock

Kornit Digital

Kornit Digital Ltd develops, designs and markets digital printing solutions for the world-wide printed textile industry. The company focuses on its DTG and DTF segments of the printed textile industry. Its solutions include digital printing systems, ink and other consumables, associated software and value-added services that allow for large-scale printing of short runs of complex images and designs directly on finished garments and fabrics. It generates revenue from sales of systems, ink and other consumables and service including software subscriptions The company geographically operates in U.S., EMEA, Asia Pacific and other countries. It derives maximum revenue from U.S.

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Tesla, Nvidia, GM And Other Big Stocks Moving Lower In Monday&#39;s Pre-Market Session

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Kornit Digital Ltd

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Cantor Fitzgerald analyst Troy Jensen reiterates Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) with a Overweight and maintains $39 price target.

Price Target

Reiteration

Analyst Ratings

Cantor Fitzgerald Reiterates Overweight on Kornit Digital, Maintains $39 Price Target

Guidance

Kornit Digital Sees Q1 FY25 Revenue Of $45.5M-$49.5M Vs. Cons. $46.957M, Adj. EBITDA Margin Of –9% to –4% Of Revenue

Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) reported quarterly earnings of $0.18 per share which missed the analyst consensus estimate of $0.19 by 5.26 percent. This is a 125 percent increase over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $60.696 million which beat the analyst consensus estimate of $60.492 million by 0.34 percent. This is a 7.27 percent increase over sales of $56.585 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Kornit Digital Q4 2024 Adj. EPS $0.18 Misses $0.19 Estimate, Sales $60.696M Beat $60.492M Estimate

Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) sees Q1 sales of $45.500 million-$49.500 million vs $46.96 million analyst estimate.

Kornit Digital Sees Q1 Sales $45.500M-$49.500M vs $46.96M Est

Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) reported quarterly earnings of $0.18 per share which missed the analyst consensus estimate of $0.19 by 5.26 percent. This is a 125 percent increase over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $60.70 million which beat the analyst consensus estimate of $60.49 million by 0.34 percent. This is a 7.27 percent increase over sales of $56.59 million the same period last year.

Kornit Digital Q4 Adj EPS $0.18 Misses $0.19 Estimate, Sales $60.70M Beat $60.49M Estimate

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Earnings Scheduled For February 12, 2025

U.S. stock futures were lower this morning, with the Dow futures falling around 500 points on Monday.
Shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell sharply in today's <a href="https://www.benzinga.com/25/02/43429276/former-tesla-exec-slams-trump-tariffs-lumping-mexicocanada-with-china-is-just-stupid">pre-market trading</a>.
Former Tesla Inc. executive Rohan Patel on Sunday slammed President Donald Trump‘s decision to impose new tariffs of 25% on goods from Mexico and Canada and 10% on imports from China.
Tesla shares fell 2.4% to $394.80 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Unisys Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UIS#NYSE">UIS</a>) fell 18.8% to $5.41 in pre-market trading. Unisys will release its fourth-quarter and full-year 2024 financial results on Tuesday, Feb. 18, 2025, after the close of markets.</li>
<li>AleAnna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANNA#NASDAQ">ANNA</a>) shares declined 13.9% to $10.01 in pre-market trading.</li>
<li>Torrid Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NYSE">CURV</a>) declined 11.6% to $6.24 in pre-market trading after gaining 5% on Friday.</li>
<li>Bausch Health Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHC#NYSE">BHC</a>) shares fell 10.5% to $6.65 in pre-market trading.</li>
<li>Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) dipped 8.1% to $17.03 in pre-market trading.</li>
<li>Cipher Mining Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>) fell 7.5% to $5.30 in pre-market trading. Cipher Mining shares jumped 22% on Friday after the company announced a $50 million investment from Softbank.</li>
<li>Hut 8 Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) fell 7% to $20.17 in pre-market trading.</li>
<li>ImmunityBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>) fell 6.7% to $3.22 in pre-market trading. ImmunityBio, last week, announced a collaboration with BioGene for a Phase 3 trial combining AKTIVA with Tislelizumab.</li>
<li>Kornit Digital Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) shares dipped 6.7% to $27.10 in pre-market trading. Kornit Digital will release its financial results for the fourth quarter and full year ended Dec. 31, 2024, on Wednesday, Feb. 12, 2025.</li>
<li>General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) fell 6.5% to $46.25 in pre-market trading.</li>
<li>Lionsgate Studios Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LION#NASDAQ">LION</a>) fell 5.2% to $6.80 in pre-market trading.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell 2.3% to $117.31 in pre-market trading.</li>
</ul>
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Tesla, Nvidia, GM And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Shares of Triumph Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGI#NYSE">TGI</a>) rose sharply in today's pre-market trading after the company agreed to be acquired by affiliates of Warburg Pincus and Berkshire Partners in an all-cash transaction valued at <a href="https://www.benzinga.com/quote/TGI">approximately $3 billion.</a>
Triumph Group shares jumped 36.5% to $25.57 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>MDJM Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UOKA#NASDAQ">UOKA</a>) gained 194% to $0.3822 in pre-market trading.</li>
<li>Reborn Coffee, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REBN#NASDAQ">REBN</a>) rose 65.6% to $5.47 in pre-market trading after jumping more than 62% on Friday.</li>
<li>Blue Hat Interactive Entertainment Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHAT#NASDAQ">BHAT</a>) gained 41% to $0.0509 in pre-market trading after declining around 10% on Friday.</li>
<li>SilverBox Corp IV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBXD#NYSE">SBXD</a>) gained 33.8% to $13.50 in pre-market trading.</li>
<li>William Penn Bancorporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMPN#NASDAQ">WMPN</a>) shares jumped 24.7% to $15.74 in pre-market trading.</li>
<li>Kingsoft Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) rose 17.3% to $14.75 in pre-market trading after declining 5% on Friday.</li>
<li>Shenandoah Telecommunications Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHEN#NASDAQ">SHEN</a>) gained 10.2% to $11.90 in pre-market trading. Glo Fiber, powered by Shenandoah Telecommunications, announced the expansion of its fiber network in Lancaster, Ohio.</li>
<li>Stratasys Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSYS#NASDAQ">SSYS</a>) shares climbed 9.2% to $10.17 in pre-market trading. Stratasys reported preliminary fourth-quarter revenue of $150.1 million to $150.5 million and net income of $8.1 million to $8.6 million. The company also secured a $120 million investment from Fortissimo Capital, strengthening balance sheet for growth.</li>
<li>GH Research PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GHRS#NASDAQ">GHRS</a>) gained 6.5% to $11.29 in pre-market trading after gaining over 9% on Friday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Viracta Therapeutics, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRX#NASDAQ">VIRX</a>) shares fell 49.2% to $0.0770 in pre-market trading after declining over 3% on Friday.</li>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) dipped 47.2% to $0.1425 in pre-market trading after dipping 19% on Friday.</li>
<li>Heramba Electric plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PITA#NASDAQ">PITA</a>) shares fell 33.2% to $0.5880 in pre-market trading.</li>
<li>Perfect Moment Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMNT#NASDAQ">PMNT</a>) fell 23.7% to $0.5330 in today's pre-market trading.</li>
<li>Envirotech Vehicles, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVTV#NASDAQ">EVTV</a>) shares tumbled 23.4% to $0.3477 in pre-market trading after jumping 31% on Friday. Envirotech Vehicles recently announced it has received orders for 48 vehicles to New Jersey.</li>
<li>Focus Universal Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) fell 21.4% to $4.79 in pre-market trading after gaining 62% on Friday. Focus Universal recently announced a reverse stock split.</li>
<li>Unisys Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UIS#NYSE">UIS</a>) fell 18.8% to $5.41 in pre-market trading. Unisys will release its fourth-quarter and full-year 2024 financial results on Tuesday, Feb. 18, 2025, after the close of markets.</li>
<li>AleAnna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANNA#NASDAQ">ANNA</a>) fell 13.9% to $10.01 in pre-market trading.</li>
<li>Torrid Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NYSE">CURV</a>) declined 11.6% to $6.24 in pre-market trading after gaining 5% on Friday.</li>
<li>Kornit Digital Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) shares dipped 6.7% to $27.10 in pre-market trading. Kornit Digital will release its financial results for the fourth quarter and full year ended Dec. 31, 2024, on Wednesday, Feb. 12, 2025.</li>
</ul>
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<li><a href="https://www.benzinga.com/25/01/43390127/wall-streets-most-accurate-analysts-give-their-take-on-3-energy-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields</a></li>
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Morgan Stanley analyst Erik Woodring maintains Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) with a Overweight and raises the price target from $33 to $38.

Morgan Stanley Maintains Overweight on Kornit Digital, Raises Price Target to $38

Cantor Fitzgerald analyst Troy Jensen initiates coverage on Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) with a Overweight rating and announces Price Target of $39.

Initiation

Cantor Fitzgerald Initiates Coverage On Kornit Digital with Overweight Rating, Announces Price Target of $39

Craig-Hallum analyst Greg Palm maintains Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) with a Buy and raises the price target from $27 to $33.

Craig-Hallum Maintains Buy on Kornit Digital, Raises Price Target to $33

Needham analyst James Ricchiuti maintains Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) with a Buy and raises the price target from $27 to $31.

Needham Maintains Buy on Kornit Digital, Raises Price Target to $31

WIIM

Kornit Digital shares are trading higher after the company reported better-than-expected Q3 financial results and issued Q4 revenue guidance above estimates.

For the fourth quarter of 2024, the Company expects revenues to be in the range of $58 million to $63 million and adjusted EBITDA margin between 12% to 16%.

Kornit Digital Expects Q4 2024 Revenues Of $58M-$63M Vs. $50.468M Consensus; Sees Adjusted EBITDA Margin Of 12% to 16%

Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $0.07 by 57.14 percent. The company reported quarterly sales of $50.732 million which beat the analyst consensus estimate of $50.468 million by 0.52 percent. This is a 14.34 percent decrease over sales of $59.224 million the same period last year.

Kornit Digital Q3 2024 Adj. EPS $0.11 Beats $0.07 Estimate, Sales $50.732M Beat $50.468M Estimate

<ul>
<li>T-Shirt &amp; Sons (TSS) expands its digital production capabilities by adding the Kornit Apollo platform alongside existing Atlas MAX systems &nbsp;</li>
<li>With this expansion, company set to streamline operations and increase production capacity by several million impressions annually &nbsp;</li>
</ul>
ROSH-HA'AYIN, Israel, Oct. 17, 2024 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=rP8f7VKGUQbE0-hRVIxaI3npcFhyRMTrhb8L9EZJiKzkILE9CIXBqyGJEOW7UQkWYBemLomWmG4M1Pbuq1Uqe-OevlvFNdLmgxWJN_q8UMo=">Kornit Digital LTD.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) ("Kornit" or the "Company"), a global leader in sustainable, on-demand digital fashion and textile production technologies, announced today that T-Shirt &amp; Sons (TSS) – a prominent European apparel manufacturer based in the UK and the Netherlands and serving some of the largest e-commerce and retail brands - has adopted <a href="https://www.globenewswire.com/Tracker?data=rP8f7VKGUQbE0-hRVIxaI3O-0gx5YwafrGQnRa5po7tQAAhD7ao0NDNaMpFoq0sA12t9sK6ToM6ZYMGOdeT3tNsO2Mv7eAcs16C-k76fCk6rnV2HGiDUNqyqoXBBL-2A">Kornit Apollo</a> to further its transition from traditional screen printing to digital production. This addition to its Kornit MAX systems enables TSS to significantly expand production capacity, improve speed, and enhance time-to-market – all while maintaining the highest standards of quality.

Kornit Digital Announces T-Shirt & Sons Has Adopted Kornit Apollo To Further Its Transition From Traditional Screen Printing To Digital Production

Barclays analyst Tavy Rosner maintains Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) with a Equal-Weight and raises the price target from $21 to $26.

Barclays Maintains Equal-Weight on Kornit Digital, Raises Price Target to $26

<ul>
<li>On-demand, medium-runs production enables company to deliver custom apparel for large sports organizations while seamlessly switching designed team logos, names, and numbers &nbsp;</li>
<li>Second purchase of Kornit's Atlas MAX POLY allows DO Apparel to leverage a faster, cost-effective solution for digital production of sportswear and teamwear – more effectively than screen printing &nbsp;</li>
</ul>
ROSH-HA`AYIN, Israel, Sept. 16, 2024 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=VDO9chiuYm86ZzUkdcro-pqO05jFA62vuS4W8_7DBpnqIwKNTUohL-PI8zlzu7f6LZVgb7JKm3wKpyLvlju1L7ifAd5BsQt2MjLJl3SeAUk=">Kornit Digital LTD.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) ("Kornit" or the "Company"), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, announced today the Company is further extending its relationship with DO Apparel – a full-service custom apparel company focusing on creative sports garments for major league teams across basketball, football and baseball. DO Apparel continues to embrace on-demand, digital production as a more effective alternative to screen printing, better suited to match the unique requirements of custom sports apparel such as jerseys, uniforms and t-shirts.

DO Apparel Expands Digital Production Of Custom Jerseys For Large Sports Brands With Kornit Digital

Morgan Stanley analyst Erik Woodring maintains Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) with a Overweight and raises the price target from $20 to $26.

Morgan Stanley Maintains Overweight on Kornit Digital, Raises Price Target to $26

Needham analyst James Ricchiuti reiterates Kornit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) with a Buy and maintains $27 price target.

Needham Reiterates Buy on Kornit Digital, Maintains $27 Price Target

Press Releases

DO Apparel Expands Digital Production of Custom Jerseys for Large Sports Brands with Kornit Digital

General

Monster Digital Adds Significant Digital Production Capacity with the Adoption of 10 Additional Kornit Apollo Systems During 2025

Kornit Digital Empowers Hybrid Digital to Fuel its Next Stage of Business Growth

Top European Manufacturer Boosts Production Capacity with Kornit Apollo

Kornit Digital Sets Third Quarter 2024 Earnings Release Date and Webcast

Kornit Digital Reports Third Quarter 2024 Results

SolarEdge Appoints Shuki Nir as Chief Executive Officer

500 LEVEL Poised for Breakthrough Growth in Professional Sports Apparel with Kornit Digital's On-Demand Solutions

Kornit Digital Sets Fourth Quarter and Full Year 2024 Earnings Release Date and Webcast

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