Professional
Added to YB: 2024-11-20
Pitch date: 2024-09-30
KRNT [bullish]
Kornit Digital Ltd.
-45.84%
current return
Author Info
No bio for this author
Company Info
Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.
Market Cap
$600.9M
Pitch Price
$25.72
Price Target
N/A
Dividend
N/A
EV/EBITDA
-9.01
P/E
-46.18
EV/Sales
0.62
Sector
Machinery
Category
turnaround
Meridian Contrarian Fund Portfolio Holding: Kornit Digital Ltd.
KRNT: Digital textile printing leader. 68% rev growth in 2021, then decline on macro headwinds. Q3 results suggest demand bottomed, poised for growth. Increased position on multi-billion$ digital conversion opportunity, >$10/share net cash. Stock fell from $180 to <$20, now recovering.
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