UPDATE: Goldman Sachs Upgrades Kornit Digital Ltd. (KRNT) to Buy

Go back to UPDATE: Goldman Sachs Upgrades Kornit Digital Ltd. (KRNT) to Buy

Kornit Digital Ltd. (KRNT) PT Raised to $125 at Needham & Company Following 'Beat and Raise'

February 17, 2021 6:45 AM EST

Needham & Company analyst James Ricchiutiuti raised the price target on Kornit Digital Ltd. (NASDAQ: KRNT) to $125.00 (from $76.00) while maintaining a Buy rating.

The analyst commented, "KRNT delivered an impressive beat-and-raise quarter after the close yesterday. Revenues increased 49% y/o/y and 13%... More

Kornit Digital (KRNT) Tops Q4 EPS by 2c, Revenues Beat

February 16, 2021 4:16 PM EST

Kornit Digital (NASDAQ: KRNT) reported Q4 EPS of $0.24, $0.02 better than the analyst estimate of $0.22. Revenue for the quarter came in at $72.3 million versus the consensus estimate of $62.01 million.

Record Quarter with 49% Year-Over-Year Growth and Accelerating MomentumRecord $34.3 million net cash from operationsFourth quarter revenue grew 49% year-over-year to $72.3 million, net of non-cash warrants impact of $1.8 millionFourth quarter GAAP operating profit of $9.0 million; Non-GAAP operating profit of $11.8 million, net of $1.8 million attributed to the non-cash impact of... More