Kornit Digital Ltd. ($KRNT) Stock Forecast: Up 7.6% Today

What is Kornit Digital Ltd.?

Kornit Digital (NASDAQ: KRNT) is a global leader in sustainable, on-demand, digital fashion and textile production technologies. The stock displayed strong bullish movement today.

Why is Kornit Digital Ltd. going up?

KRNT stock is up 7.6% on Sep 12, 2024 13:51

• The increasing adoption of Kornit Digital's technology in the market is evidenced by key players like Print Palace Textildruck, T-Formation Inc., and OGAT transitioning their production volumes from screen printing to on-demand digital production.
• Kornit Digital's competitive edge in the industry is underscored by its partnership with Custom Ink to provide fast, accurate, and premium quality custom apparel through on-demand technology.
• The confidence in Kornit Digital's growth prospects and financial stability is reflected in the Board of Directors' announcement of a $100 million share repurchase program, potentially attracting more investors and boosting the stock price.

KRNT Price Chart

KRNT News

Print Palace Textildruck Redefines the Future of Custom Textiles with Transition of Production Volumes from Screen Printing to On-Demand, Digital Production from Kornit Digital - Kornit Digital ( NASDAQ:KRNT )

German-based provider of music and event merchandise, branded fashion, and promotional apparel makes first move to digital to streamline production operations with adoption of the Kornit Apollo

https://www.benzinga.com/pressreleases/24/09/g40830560/print-palace-textildruck-redefines-the-future-of-custom-textiles-with-transition-of-production-vol

Custom Screen-Printing Leader Further Captures the Power of On-Demand Digital Production with Kornit Digital - Kornit Digital ( NASDAQ:KRNT )

T-Formation Inc. of Tallahassee, a leading screen printer for major international brands such as Adidas, PVH Corporate, and Champion, will transition large production volumes from traditional screen-printing to a fully digital print process, utilizing Kornit Apollo

https://www.benzinga.com/pressreleases/24/09/g40811943/custom-screen-printing-leader-further-captures-the-power-of-on-demand-digital-production-with-korn

OGAT and Kornit Digital Revolutionize Fashion Production with On-Demand, Sustainable Technology - Cimpress ( NASDAQ:CMPR ) , Kornit Digital ( NASDAQ:KRNT )

Global leader in print mass customization, known for its groundbreaking innovations, teams with Kornit to set new industry standards OGAT redefines traditional mass production models with cutting-edge technology, combining Kornit's digital direct-to-fabric pigment printing with a comprehensive ...

https://www.benzinga.com/pressreleases/24/09/g40811916/ogat-and-kornit-digital-revolutionize-fashion-production-with-on-demand-sustainable-technology

Custom Ink Delivers Fast, Accurate and Premium Quality Custom Apparel with On-Demand Technology from Kornit Digital - Kornit Digital ( NASDAQ:KRNT )

Shifts significant volume from traditional screen to high-quality, sustainable on-demand digital production - unleashing creativity and delivering designs without compromise Kornit MAX technology powers premium-quality apparel with exceptional agility, allowing Custom Ink to offer a world-class ...

https://www.benzinga.com/pressreleases/24/09/g40791301/custom-ink-delivers-fast-accurate-and-premium-quality-custom-apparel-with-on-demand-technology-fro

Kornit Digital Announces Board Authorization of $100 Million Share Repurchase Program

ROSH-HA`AYIN, Israel, Sept. 10, 2024 ( GLOBE NEWSWIRE ) -- Kornit Digital Ltd. ( "Kornit" or the "Company" ) ( Nasdaq: KRNT ) , a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies, today announced that its Board of Directors has authorized a ...

https://www.globenewswire.com/news-release/2024/09/10/2943634/34898/en/Kornit-Digital-Announces-Board-Authorization-of-100-Million-Share-Repurchase-Program.html

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Kornit Digital Ltd. Price History

10.08.2024 - KRNT Stock was up 12.5%

• The approval of a $100 million share repurchase initiative by Kornit Digital's Board of Directors demonstrates strong faith in the company's future outlook, potentially elevating investor confidence and driving up the stock value.
• Emphasizing on-demand technology and premium custom apparel alongside collaborations with partners like Custom Ink showcases Kornit Digital's innovative strategies, drawing in more clientele and potentially boosting revenue.
• By hosting the "Fashion is Choosing On-Demand" event in conjunction with PRINTING United Expo 2024, Kornit Digital reinforces its commitment to aligning with industry trends, which may have positively influenced investor sentiment and contributed to the bullish market movement.

11.08.2024 - KRNT Stock was up 12.2%

• The company announced a $100 million share repurchase program, demonstrating belief in its own value and potentially enhancing investor confidence.
• Collaborations with prominent firms like T-Formation Inc. and OGAT to transition to on-demand digital production highlight Kornit's innovative and sustainable approach, appealing to more investors.
• The industry's shift towards on-demand technology and high-quality apparel, exemplified by Custom Ink, underscores the rising demand for Kornit's solutions in fashion, driving the stock price up.
• Hosting the "Fashion is Choosing On-Demand" event alongside PRINTING United Expo 2024 may have generated positive exposure and enthusiasm for Kornit's offerings, contributing to the bullish market activity.

12.08.2024 - KRNT Stock was up 7.6%

• The increasing adoption of Kornit Digital's technology in the market is evidenced by key players like Print Palace Textildruck, T-Formation Inc., and OGAT transitioning their production volumes from screen printing to on-demand digital production.
• Kornit Digital's competitive edge in the industry is underscored by its partnership with Custom Ink to provide fast, accurate, and premium quality custom apparel through on-demand technology.
• The confidence in Kornit Digital's growth prospects and financial stability is reflected in the Board of Directors' announcement of a $100 million share repurchase program, potentially attracting more investors and boosting the stock price.

06.05.2024 - KRNT Stock was up 5.3%

• Upgraded from a sell rating to a hold rating, potentially boosting investor confidence.
• Participation in the William Blair 44th Annual Growth Stock Conference may have attracted interest from potential investors.
• Reaffirmed buy rating and $27.00 price target, adding to optimism in the stock's performance.
• Positive developments and endorsements likely contributed to the bullish movement in KRNT's stock price.

25.03.2024 - KRNT Stock was down 5.0%

• The company was downgraded from a "hold" to a "sell" rating, impacting investor sentiment negatively.
• This rating change is likely a key factor in the recent bearish movement of KRNT stock.
• Concerns regarding the company's performance or future outlook possibly drove investors to divest their holdings.

08.04.2024 - KRNT Stock was down 6.1%

• Kornit Digital posted Q1 earnings, revealing a loss of $13.2 million, which was below revenue projections by 3.09%. This unsatisfactory financial outcome may have influenced the market's bearish trend.
• Despite surpassing EPS forecasts, the company fell short on revenue, signaling potential difficulties in meeting sales expectations.
• The change in recommendation from a "hold" to a "sell" status by an analysis firm could have added to the prevailing negative sentiment among investors, prompting a drop in the stock price.
• In summary, the combination of underwhelming financial performance and a pessimistic analyst outlook likely contributed to the decline in KRNT stock today.

10.04.2024 - KRNT Stock was up 5.0%

• Kornit Digital exhibited strong growth projections during its recent earnings call, focusing on the Apollo system, which likely boosted investor confidence.
• Despite posting a GAAP net loss in Q1 2024, Kornit Digital surpassed EPS projections, indicating potentially effective cost management strategies that impressed investors.
• The stock was downgraded to a "sell" rating by an analytics platform, but market reaction remained positive, possibly influenced by the encouraging forecast provided during the earnings call.
• In summary, today's bullish movement of KRNT may be linked to the company's positive growth outlook and its strong performance in key financial indicators, outweighing the impact of the recent rating downgrade.

09.04.2024 - KRNT Stock was down 5.4%

• Kornit Digital reported its Q1 2024 financial results with revenues of $43.8 million, which were slightly below analyst estimates.
• Despite beating EPS expectations, the company's revenue of $43.78 million fell short of the projected $45.17 million, leading to investor disappointment.
• The stock was downgraded to a "sell" rating by an independent firm, possibly contributing to the negative market sentiment and the bearish movement observed today.
• The combination of missing revenue targets, a significant net loss reported, and the downgrade to a "sell" rating likely fueled the bearish trend in KRNT stock today.

05.05.2024 - KRNT Stock was up 5.4%

• KRNT stock saw a rise in value today.
• Participation in the William Blair 44th Annual Growth Stock Conference likely influenced investor sentiment positively.
• Presenting innovative technologies at the conference may have attracted new investors.
• The company's involvement in the event possibly boosted confidence in its future, contributing to the uptrend in the market.

25.06.2024 - KRNT Stock was up 5.4%

• The announcement of Kornit Digital's 2024 Annual General Meeting of Shareholders and the scheduling of the event could have generated positive sentiment among investors, indicating transparency and accountability within the company.
• The upcoming release of the second-quarter 2024 earnings and webcast might have sparked optimism among shareholders, hinting at potential positive financial results or strategic developments.
• The market's bullish response could be attributed to the overall confidence in Kornit Digital's innovative and sustainable business model, especially in the rapidly evolving digital fashion and textile production industry.

07.07.2024 - KRNT Stock was up 11.7%

• Kornit Digital reported a loss of $4.9 million in the second quarter but also announced non-GAAP net income of $1.1 million, which might have instilled confidence in investors.
• The company's second quarter revenues of $48.6 million were in line with previous guidance, showing stability in its financial performance.
• The upcoming Investor Event on September 10th could have generated excitement among investors, leading to increased buying interest in the stock.
• Overall, the positive financial results and future event announcements likely contributed to the bullish movement in Kornit Digital's stock today.

07.07.2024 - KRNT Stock was up 14.7%

• KRNT stock experienced a bullish movement following the release of its Q2 earnings report.
• The company surpassed earnings estimates by 300% and revenue estimates by 1.43%, indicating strong financial performance.
• Investors reacted positively to the news of Kornit Digital's growth amidst challenges in the digital fashion and textile production industry.
• The market responded favorably to the company's ability to generate positive cash flow from operations, despite reporting a GAAP net loss for the quarter.