Revenue Update on Kornit Digital Ltd(NASDAQ:KRNT)

Kornit Digital Ltd(NASDAQ:KRNT) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $34.000M. Analysts estimated a revenue of $32.780M. The revenues were 3.72% above the estimates. Earnings per share were $0.16. The reported EPS was above estimates by 23.08%. Analysts had estimated an EPS of $0.13.

Kornit Digital Ltd (KRNT) made into the market gainers list on Wednesdays trading session with the shares advancing 1.44% or 0.25 points. Due to strong positive momentum, the stock ended at $17.6, which is also near the day’s high of $17.85. The stock began the session at $17.3 and the volume stood at 2,18,846 shares. The 52-week high of the shares is $18.5 and the 52 week low is $8.1001. The company has a current market capitalization of $545 M and it has 3,09,89,873 shares in outstanding.

Kornit Digital Ltd. develops designs and markets digital printing solutions for the printed textile industry. The Company is focused on the direct-to-garment (DTG) segment of the printed textile industry. The Company’s solutions include its 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. Its line of DTG systems offers a range of performance options which include the number and size of printing pallets number of print heads printing throughput and process ink colors as well as other customizable features. The Company’s high-throughput systems consist of its Avalanche family of systems Storm II and Paradigm II. The Company’s ink and other consumables consist of its NeoPigment ink binding agent priming fluid wiping fluid and flushing fluid.

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