Electronics For Imaging (EFII) is Initiated by Needham to Buy, Price Target at $58

Electronics For Imaging (EFII) was Initiated by Needham to “Buy” and the brokerage firm has set the Price Target at $58. Needham advised their investors in a research report released on Sep 27, 2016.

Many Wall Street Analysts have commented on Electronics For Imaging. Stifel Initiated Electronics For Imaging on Aug 25, 2016 to “Buy”, Price Target of the shares are set at $53.

On the company’s financial health, Electronics For Imaging reported $0.56 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus of $0.57. The company had revenue of $245.65 million for the quarter, compared to analysts expectations of $247.03 million. The company’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

Electronics For Imaging closed down -0.33 points or -0.67% at $48.92 with 3,57,637 shares getting traded on Thursday. Post opening the session at $49.5, the shares hit an intraday low of $48.68 and an intraday high of $49.63 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Sep 2, 2016, Gill Cogan (director) sold 3,727 shares at $46.66 per share price. According to the SEC, on Oct 13, 2015, Dan Maydan (director) sold 625 shares at $47.04 per share price. On Aug 11, 2015, Eric F Brown (director) sold 40,625 shares at $45.05 per share price, according to the Form-4 filing with the securities and exchange commission.

Electronics For Imaging Inc. (EFI) is a provider of digital printing focused on the transformation of the printing packaging and decorative industries from the use of analog-based presses to digital on-demand printing. The Company operates through three segments: Industrial Inkjet Productivity Software and Fiery. The Company’s products include industrial super-wide wide format label and packaging and ceramic tile decoration digital inkjet printers that utilizes its digital ink digital inkjet printer parts and professional services; print production workflow Web-to-print cross-media marketing and business process automation solutions and color digital front ends (DFEs) creating a digital printing ecosystem. Its inks include digital ultra-violet (UV) light emitting diode (LED) ceramic textile dye sublimation and thermoforming ink. The Company also provides digital inkjet textile space.

Electronics For Imaging

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