Daktronics (DAKT) is Downgraded by Sidoti to Neutral

Daktronics (DAKT) was Downgraded by Sidoti to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sidoti advised their investors in a research report released on Jun 1, 2016.

On the company’s financial health, Daktronics reported $-0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on Jun 1, 2016. Analyst had a consensus of $0.07. The company had revenue of $138.50 million for the quarter, compared to analysts expectations of $154.51 million. The company’s revenue was down -12.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

Daktronics opened for trading at $7.83 and hit $7.98 on the upside on Friday, eventually ending the session at $7.98, with a gain of 1.79% or 0.14 points. The heightened volatility saw the trading volume jump to 1,75,568 shares. Company has a market cap of $351 M.

In a different news, on Mar 29, 2016, Kevin Patrick Mcdermott (director) purchased 1,500 shares at $7.83 per share price. According to the SEC, on Sep 10, 2015, John Patrick Friel (director) purchased 5,000 shares at $8.60 per share price. On Jun 19, 2015, Matthew John Kurtenbach (VP of Manufacturing) sold 5,000 shares at $11.51 per share price, according to the Form-4 filing with the securities and exchange commission.

Daktronics Inc. (Daktronics) is a supplier of electronic scoreboards large electronic display systems digital messaging solutions software and services for sporting commercial and transportation applications. The Company operates in five segments: Commercial Live Events High School Park and Recreation Transportation and International. Commercial business segment consists of sales of its video display systems digital billboards Galaxy and Fuelight product lines. Its Live Events business segment consists of sales of integrated scoring and video display systems and sales of its mobile display technology. High School Park and Recreation business segment consists of sales of scoring systems Galaxy displays and video display systems. Its Transportation business segment consists of sales of its Vanguard and Galaxy product lines. Its International business unit consists of sales of all product lines outside the United States and Canada.


Leave a Reply

Daktronics - Is it time to Sell?

Top Brokerage Firms are advising their investors on Daktronics. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.