Kornit Digital Reports 2016 Fourth Quarter and Year End Results
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Kornit Digital Ltd. (KRNT) PT Raised to $20 at Stifel Following 4Q
February 15, 2017 10:14 AM ESTStifel raised its price target on Kornit Digital Ltd. (NASDAQ: KRNT) to $20.00 (from $18.00) while maintaining a Buy rating.
Analyst Patrick Newton 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... More
William Blair Reiterates Outperform Rating on Kornit Digital (KRNT) Following Strong 4Q Results
February 15, 2017 8:08 AM ESTWilliam Blair analyst Brian Drab reaffirms Outperform rating on Kornit Digital (NASDAQ: KRNT), suggesting margins to improve following first quarter trade shows, as the company reported 2016 fourth quarter revenue above consensus.
Drab comments, "Kornit reported strong fourth-quarter results, with adjusted revenue of $34.0 million (up 33% year-over-year), above the consensus estimate of $32.7 million and at the high end of managements updated guidance range of $32 million-$34 million. The company slightly revised... More
