Kornit Digital reported first quarter results that exceeded analyst expectations and provided a Q2 revenue forecast above estimates, signaling strong sales momentum. However, gross margins fell to a two-year low due to tariffs, currency challenges, and seasonal product mix shifts. Management expects margins to improve throughout the year thanks to better utilization, recurring revenues, and operating leverage. The positive sales trends led the analyst to raise the price target from $18.50 to $23.00 while maintaining a Buy rating, emphasizing confidence in Kornit's business transition and growth prospects.
U-BX Technology's stock fell 15.6% in after-hours trading following the announcement of a 1-for-25 reverse stock split effective Friday. The move will reduce the number of outstanding shares significantly to maintain Nasdaq listing compliance. The co...
Defence Therapeutics has enhanced its internal capabilities in purification, analytical characterization, conjugation development, and quality control to advance its ACCUM-enabled Antibody Drug Conjugates (ADC) pipeline. The company acquired new equi...
U.S. spot Bitcoin ETFs experienced $648.64 million in net outflows on May 18, following $290.42 million outflows on May 15, indicating a short-term defensive shift among institutional investors. BlackRock's IBIT fund led the withdrawals with $448.36 ...
American Pacific Mining has begun a field reconnaissance and surface sampling program at its Red Hill Gold Project in Nevada to enhance geological understanding and gather geochemical data. Early findings include a significant jasperoid outcrop with ...
The Czech National Library of Technology has chosen Clarivate to implement a new cloud-based library services and discovery platform under a ten-year agreement. This platform, built on Clarivate's Alma and Primo systems, aims to modernize academic an...
