Ultime notizie per Daktronics (NASDAQ:DAKT) Azioni

Daktronics

Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.

Daktronics Inc

Daktronics, Inc. ("Daktronics" or the "Company") (NASDAQ-DAKT), the leading U.S.-based designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today announced that its Board of Directors (the "Board") has approved an amendment (the "Second Amendment") to the Company's existing Shareholder Rights Agreement (the "Rights Agreement"), pursuant to which the expiration date of the Rights Agreement was extended to November 19, 2025, the exercise price was changed to $40.00, and the beneficial ownership threshold at which the rights become exercisable was changed to 15% (or 20% in the case of a passive, "13G Investor," as defined in the Rights Agreement).
As noted in the Company's press release dated November 8, 2024, the Board has determined that it is in the best interests of the Company and its common shareholders to exercise the Company's right to convert an initial $7 million in face value of the $25 million senior second lien secured promissory note (the "Convertible Note") held by Alta Fox Capital Management, LLC (together with its affiliates, "Alta Fox") into approximately 1.1 million shares of the Company's common stock. Giving effect to the conversion, Alta Fox would beneficially own approximately 6% of the Company's outstanding shares, based on its most recent disclosure to the Company.
The Company has engaged in good faith with Alta Fox regarding Alta Fox's desire to accelerate the repayment of the Convertible Note as an alternative to the forced conversion of the Convertible Note. In its most recent proposal, Alta Fox demanded that Daktronics pay Alta Fox $79 million – more than three times the face value of the Convertible Note and approximately one-and-a-half times its Black-Scholes value – to retire the Convertible Note. The Board rejected Alta Fox's proposal as not in the best interests of the Company and its common shareholders and notified Alta Fox of its intention to exercise the Company's right to force the conversion of the Convertible Note to minimize the dilution and cost to the Company's shareholders. Alta Fox has now threatened to nominate candidates for the Board. Because Daktronics' Articles of Incorporation and South Dakota law mandate cumulative voting in the election of directors, a shareholder who also owns debt, like Alta Fox – whose interests may not be aligned with other Daktronics shareholders – may be able to make Board composition changes even without broad shareholder support.
In extending the expiration date of the Rights Agreement, the Board considered the risk that Alta Fox, by virtue of its significant ownership position, may seek to take actions to advance its interests as a large debtholder, including influencing the composition of the Board, at the expense of common shareholders. The extension of the Rights Agreement reflects the Board's continued commitment to protecting the interests of the Company's shareholders. The Rights Agreement has not been adopted in response to any specific takeover bid or any similar proposal.
The Rights Agreement applies equally to all current and future shareholders and is not intended to deter offers or preclude the Board from considering offers that are fair and otherwise in the best interest of the Company's shareholders.
Under the Rights Agreement, the "Rights" (as defined in the Rights Agreement) will become exercisable if a person or group acquires beneficial ownership of 15% (or 20% in the case of a "13G Investor") or more of Daktronics outstanding common stock without the prior approval of the Board. Any existing shareholders with beneficial ownership of Daktronics stock above the applicable triggering ownership threshold as of the date of the Second Amendment are grandfathered at their current ownership levels so the Rights are not triggered by their current ownership of shares but they are not permitted to increase their ownership without triggering the Rights Agreement. The Board intends to submit the Rights Agreement to shareholders for ratification at the Company's upcoming annual meeting of shareholders.
At this time, Daktronics shareholders are not required to take any action.

News

Contracts

Management

DAKT

Daktronics Has Approved An Amendment To The Co's Existing Shareholder Rights Agreement, Pursuant To Which The Expiration Date Of The Rights Agreement Was Extended To November 19, 2025, The Exercise Price Was Changed To $40.00, And The Beneficial Ownership Threshold At Which The Rights Become Exercisable Was Changed To 15%

Daktronics, Inc. ("Daktronics" or the "Company") (NASDAQ-DAKT), the leading U.S.-based designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today announced that, after careful deliberation, the Board of Directors (the "Board") has determined that it is in the best interests of the Company and its common shareholders to exercise the Company's right to convert an initial $7.0 million in face value of the $25 million senior second lien secured promissory note (the "Convertible Note") held by Alta Fox Capital Management, LLC (together with its affiliates, "Alta Fox") into approximately 1.1 million shares of the Company's common stock. &nbsp;
The Board intends to deliver to Alta Fox notice of the conversion on November 11, 2024, with a conversion date of December 3, 2024. The Company intends to convert the remainder of the Convertible Note over the next several months, in tranches of up to $7 million in face value every 30 days, as provided for in the Convertible Note.
Daktronics has delivered outstanding financial results over the last twelve months, with record revenue, gross profit and operating income in fiscal year 2024, and strong returns for shareholders, with the Company's stock price increasing more than 300% over the last two years and over 175% since the issuance of the Convertible Note on May 11, 2023.1 This performance is the result of several initiatives implemented by the management team and Board, including strengthening the Company's financial position, reducing order backlog, and improving margins through operational enhancements and strategic cost reductions.
The Board's decision to force the conversion of the Convertible Note is consistent with the Company's ongoing focus on balance sheet optimization and cost efficiency and will save the Company approximately $5.4 million in interest expense over the remaining term of the Convertible Note. To help offset the share dilution that will result from the conversion of the Convertible Note into common stock, the Company intends to execute on its existing share repurchase authorization as soon as practicable.

Financing

Daktronics Announces Intention To Convert $25M Convertible Promissory Note Into Common Stock

Guidance

Daktronics Announces Next Steps Of Business Transformation Plan; Forms Internal Business Transformation Office To Review Strategy And Operations; Initiated Search For New CFO With Sheila Anderson Continuing To Serve Role Until Successor Identified; Expects To Deliver Q2 2025 Revenue Inline With Estimates

<h3>Gainers</h3>
<ul>
<li>Glimpse Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRAR#NASDAQ">VRAR</a>) stock rose 8.5% to $0.82 during Monday's after-market session. The market value of their outstanding shares is at $14.8 million. As per the news, the Q4 earnings report came out today. </li>
<li>Next Technology Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTT#NASDAQ">NXTT</a>) stock moved upwards by 7.37% to $1.31. The company's market cap stands at $9.1 million. </li>
<li>ReposiTrak (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRAK#NYSE">TRAK</a>) shares moved upwards by 5.84% to $19.55. The company's market cap stands at $356.2 million. As per the news, the Q4 earnings report came out today. </li>
<li>Argo Blockchain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBK#NASDAQ">ARBK</a>) shares moved upwards by 5.78% to $1.28. The company's market cap stands at $81.4 million. </li>
<li>Greenidge Generation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GREE#NASDAQ">GREE</a>) shares moved upwards by 5.51% to $1.91. The company's market cap stands at $20.3 million. </li>
<li>Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>) stock rose 4.33% to $13.47. The market value of their outstanding shares is at $623.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares declined by 23.3% to $0.09 during Monday's after-market session. The market value of their outstanding shares is at $1.5 million. </li>
<li>CPI Card (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMTS#NASDAQ">PMTS</a>) stock declined by 8.45% to $25.48. The market value of their outstanding shares is at $281.9 million. </li>
<li>BIT Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) shares decreased by 6.39% to $2.2. The market value of their outstanding shares is at $24.4 million. </li>
<li>Intchains Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) stock declined by 5.6% to $4.22. The company's market cap stands at $253.2 million. </li>
<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) stock decreased by 5.02% to $0.24. The market value of their outstanding shares is at $4.3 million. </li>
<li>BIO-key Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKYI#NASDAQ">BKYI</a>) stock declined by 5.0% to $0.91. The market value of their outstanding shares is at $2.7 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

ARBK

BKYI

BTCM

CETX

GREE

Next Technology Holding Inc. - Ordinary Shares

NXTT

PMTS

TRAK

VRAR

12 Information Technology Stocks Moving In Monday's After-Market Session

In a recent SEC filing, it was disclosed that Reece A Kurtenbach, Chairman at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), made a noteworthy acquisition of company stock options on September 19,.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000126//Archives/edgar/data/915779/000091577924000126/0000915779-24-000126-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Kurtenbach, Chairman at Daktronics, a company in the Information Technology sector, acquired stock options for 4,180 shares of DAKT. The options allow Kurtenbach to buy the company's stock at $11.87 per share.
As of Friday morning, Daktronics shares are down by 0.0%, with a current price of $12.44. This implies that Kurtenbach's 4,180 shares have a value of $2,382.
<h3>Discovering Daktronics: A Closer Look</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Daktronics: Delving into Financials</h3>
Negative Revenue Trend: Examining Daktronics's financials over 3 months reveals challenges. As of 31 July, 2024, the company experienced a decline of approximately -2.77% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 26.4%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Daktronics's EPS is below the industry average. The company faced challenges with a current EPS of -0.11. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Daktronics's debt-to-equity ratio is below the industry average at 0.32, reflecting a lower dependency on debt financing and a more conservative financial approach.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Daktronics's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 59.24.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.71, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 6.28 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>The Relevance of Insider Transactions</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Reece A Kurtenbach Expands Holdings With Daktronics Stock Options

A new SEC filing reveals that Kevin P. McDermott, Director at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), made a notable insider purchase on September 11,.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000103//Archives/edgar/data/915779/000091577924000103/0000915779-24-000103-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday unveiled that McDermott made a notable purchase of 7,160 shares of Daktronics, valuing at $84,989.
As of Thursday morning, Daktronics shares are up by 0.9%, currently priced at $12.3.
<h3>All You Need to Know About Daktronics</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Daktronics: Delving into Financials</h3>
Decline in Revenue: Over the 3 months period, Daktronics faced challenges, resulting in a decline of approximately -2.77% in revenue growth as of 31 July, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 26.4%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Daktronics's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of -0.11.
</li>
</ul>
Debt Management: Daktronics's debt-to-equity ratio is below the industry average. With a ratio of 0.32, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 58.05, Daktronics's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.7, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 6.15, Daktronics could be considered undervalued.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Director Of Daktronics Makes $84K Buy

On September 11, a substantial insider purchase was made by Jose-Marie Griffiths, Director at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), as per the latest SEC filing.
What Happened: In a significant move reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000104//Archives/edgar/data/915779/000091577924000104/0000915779-24-000104-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday, Griffiths purchased 7,160 shares of Daktronics, demonstrating confidence in the company's growth potential. The total value of the transaction stands at $84,989.
As of Thursday morning, Daktronics shares are up by 0.9%, currently priced at $12.3.
<h3>About Daktronics</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Financial Milestones: Daktronics's Journey</h3>
Revenue Challenges: Daktronics's revenue growth over 3 months faced difficulties. As of 31 July, 2024, the company experienced a decline of approximately -2.77%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 26.4%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Daktronics's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of -0.11.
</li>
</ul>
Debt Management: Daktronics's debt-to-equity ratio is below the industry average at 0.32, reflecting a lower dependency on debt financing and a more conservative financial approach.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: A higher-than-average P/E ratio of 58.05 suggests caution, as the stock may be overvalued in the eyes of investors.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.7 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Daktronics's EV/EBITDA ratio, lower than industry averages at 6.15, indicates attractively priced shares.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Exploring the Significance of Insider Trading</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Jose-Marie Griffiths Of Daktronics Shows Optimism, Buys $84K In Stock

Lance D. Bultena, Board Member at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), reported an insider buy on September 11, according to a new SEC filing. 
What Happened: Bultena made a significant move by purchasing 7,160 shares of Daktronics as reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000106//Archives/edgar/data/915779/000091577924000106/0000915779-24-000106-index.htm">U.S. Securities and Exchange Commission</a>. The transaction's total worth stands at $84,989.
Daktronics shares are trading down 0.0% at $12.19 at the time of this writing on Thursday morning.
<h3>Get to Know Daktronics Better</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Daktronics's Financial Performance</h3>
Revenue Growth: Daktronics's revenue growth over a period of 3 months has faced challenges. As of 31 July, 2024, the company experienced a revenue decline of approximately -2.77%. This indicates a decrease in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 26.4%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Daktronics exhibits below-average bottom-line performance with a current EPS of -0.11.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.32, Daktronics adopts a prudent financial strategy, indicating a balanced approach to debt management.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Daktronics's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 58.05.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.7, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 6.15 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Important Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Daktronics Board Member Trades $84K In Company Stock

A new SEC filing reveals that Howard I Atkins, Director at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), made a notable insider purchase on September 11,.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000109//Archives/edgar/data/915779/000091577924000109/0000915779-24-000109-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Atkins purchased 7,160 shares of Daktronics. The total transaction amounted to $84,989. 
At Thursday morning, Daktronics shares are down by 0.0%, trading at $12.19.
<h3>Get to Know Daktronics Better</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Daktronics: A Financial Overview</h3>
Decline in Revenue: Over the 3 months period, Daktronics faced challenges, resulting in a decline of approximately -2.77% in revenue growth as of 31 July, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: With a low gross margin of 26.4%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Daktronics's EPS is below the industry average. The company faced challenges with a current EPS of -0.11. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.32, Daktronics adopts a prudent financial strategy, indicating a balanced approach to debt management.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 58.05 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 0.7 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 6.15 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Impact of Insider Transactions on Investments</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Daktronics Director Trades $84K In Company Stock

A significant insider buy by Andrew Siegel, Director at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), was executed on September 11, and reported in the recent SEC filing.
What Happened: Siegel demonstrated confidence in Daktronics by purchasing 7,160 shares, as reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000110//Archives/edgar/data/915779/000091577924000110/0000915779-24-000110-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the transaction is $84,989.
At Thursday morning, Daktronics shares are down by 0.0%, trading at $12.19.
<h3>Unveiling the Story Behind Daktronics</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Daktronics's Economic Impact: An Analysis</h3>
Revenue Growth: Daktronics's revenue growth over a period of 3 months has faced challenges. As of 31 July, 2024, the company experienced a revenue decline of approximately -2.77%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 26.4%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Daktronics's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of -0.11.
</li>
</ul>
Debt Management: Daktronics's debt-to-equity ratio is below the industry average. With a ratio of 0.32, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: Daktronics's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 58.05.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.7 is lower than the industry average, implying a discounted valuation for Daktronics's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Indicated by a lower-than-industry-average EV/EBITDA ratio of 6.15, the company suggests a potential undervaluation, which might be advantageous for value-focused investors.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Deciphering Transaction Codes in Insider Filings</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Smart Money Move: Andrew Siegel Grabs $84K Worth Of Daktronics Stock

A significant insider buy by John P. Friel, Director at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), was executed on September 11, and reported in the recent SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000111//Archives/edgar/data/915779/000091577924000111/0000915779-24-000111-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Friel purchased 7,160 shares of Daktronics. The total transaction amounted to $84,989. 
As of Thursday morning, Daktronics shares are up by 0.9%, currently priced at $12.3.
<h3>About Daktronics</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Financial Milestones: Daktronics's Journey</h3>
Revenue Challenges: Daktronics's revenue growth over 3 months faced difficulties. As of 31 July, 2024, the company experienced a decline of approximately -2.77%. This indicates a decrease in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 26.4%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Daktronics's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of -0.11.
</li>
</ul>
Debt Management: Daktronics's debt-to-equity ratio is below the industry average. With a ratio of 0.32, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 58.05 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.7, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a lower-than-industry-average EV/EBITDA ratio of 6.15, Daktronics presents a potential value opportunity, as investors are paying less for each unit of EBITDA.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes Worth Your Attention</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

84K Reasons To Be Bullish On Daktronics Stock

A notable insider purchase on September 11, was reported by Shereta D. Williams, Director at Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>), based on the most recent SEC filing.
What Happened: Williams demonstrated confidence in Daktronics by purchasing 7,160 shares, as reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000915779/000091577924000112//Archives/edgar/data/915779/000091577924000112/0000915779-24-000112-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the transaction is $84,989.
During Thursday's morning session, Daktronics shares down by 0.0%, currently priced at $12.19.
<h3>Unveiling the Story Behind Daktronics</h3>
Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large-screen video displays for sporting, commercial, and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes the majority of its revenue from Live events.
<h3>Daktronics's Economic Impact: An Analysis</h3>
Decline in Revenue: Over the 3 months period, Daktronics faced challenges, resulting in a decline of approximately -2.77% in revenue growth as of 31 July, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: With a low gross margin of 26.4%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Daktronics's EPS reflects a decline, falling below the industry average with a current EPS of -0.11.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.32, Daktronics adopts a prudent financial strategy, indicating a balanced approach to debt management.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Daktronics's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 58.05.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.7, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 6.15, Daktronics could be considered undervalued.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Unmasking the Significance of Insider Transactions</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000915779">Check Out The Full List Of Daktronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Shereta D. Williams's Recent Buy: Acquires $84K In Daktronics Stock

Daktronics (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dakt#NASDAQ">DAKT</a>) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this video display maker would post earnings of $0.14 per share when it actually produced earnings of $0.27, delivering a surprise of 92.86%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Daktronics, which belongs to the Zacks Electronics - Miscellaneous Products industry, posted revenues of $226.09 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 4.27%. This compares to year-ago revenues of $232.53 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Daktronics shares have added about 60.5% since the beginning of the year versus the S&amp;P 500&#39;s gain of 15.9%.
<h2>What&#39;s Next for Daktronics?</h2>
While Daktronics has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Daktronics: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.30 on $218.94 million in revenues for the coming quarter and $1.13 on $839.52 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Miscellaneous Products is currently in the bottom 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Flux Power Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flux#NASDAQ">FLUX</a>), another stock in the same industry, has yet to report results for the quarter ended June 2024.
This company is expected to post quarterly loss of $0.14 per share in its upcoming report, which represents a year-over-year change of -55.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Flux Power Holdings, Inc.&#39;s revenues are expected to be $14.31 million, down 12% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2331184/daktronics-dakt-q1-earnings-and-revenues-top-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2331184">To read this article on Zacks.com click here.</a>

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Daktronics Q1 Earnings and Revenues Top Estimates

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Daktronics shares are trading lower after the company reported worse-than-expected Q1 sales results.

Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.28 by 28.57 percent. This is a 41.94 percent decrease over earnings of $0.62 per share from the same period last year.

UPDATE: Daktronics Q1 Adj. EPS $0.36 Beats $0.28 Estimate

Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>) reported quarterly losses of $(0.11) per share . The company reported quarterly sales of $226.088 which missed the analyst consensus estimate of $229.071 million by 100.00 percent. This is a 100.00 percent decrease over sales of $232.531 million the same period last year.

Daktronics Q1 2025 GAAP EPS $(0.11), Sales $226.088 Miss $229.071M Estimate

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Shares of companies within the broader tech sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.

Flex Ltd.&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flex#NASDAQ">FLEX</a>) subsidiary, Anord Mardix, has set up a second facility in Dundalk, Ireland.
The new facility, named D2, is now fully operational and will act as an assembly hub for switchgear and modular power systems. The facility will support the increasing global need for safe, reliable and uninterrupted data center power from the grid to the chip, driven by the proliferation of AI tech.
The cutting-edge facility increases Anord Mardix&#39;s manufacturing space by 120,000 sq ft, doubling its footprint in Ireland and guaranteeing a smooth and efficient production process for data center clients.
The expansion in Dundalk will enable the company to address the global power challenges faced by AI data centers with innovative solutions while creating new career opportunities for the local community.
The opening of the D2 facility highlights FLEX and Anord Mardix&#39;s commitment to delivering advanced, vertically integrated power solutions to the expanding global data center market.
<div class="chart_embed">
<h3>Flex Ltd. Price and Consensus</h3>
<img alt="Flex Ltd. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/83/1724423992.png" style="height:265px; width:574px" title="" />
Flex Ltd. price-consensus-chart | Flex Ltd. Quote
Anord Mardix is a leading name in critical power distribution and protection, with operations across North America, EMEA and the Asia Pacific. It offers a comprehensive range of products, including switchgear, modular power pods and flexible busway distribution solutions, serving data centers and cloud computing industries worldwide.
Its parent company, FLEX, is based in Singapore with headquarters in Austin, TX. FLEX offers advanced manufacturing solutions and additional value to customers through a wide array of services, including design and engineering, component services, rapid prototyping, fulfillment and circular economy solutions.
In the first quarter of fiscal 2025, Flex&#39;s revenues fell 8% year over year to $6.3 billion due to declines in the Agility and Reliability Solutions segments. Reliability Solutions saw a 10% decrease to $2.9 billion due to weak macroeconomic conditions in core industrial areas, while Agility Solutions fell 5.5% to $3.4 billion.
However, Flex&#39;s performance is being cushioned by momentum in automotive, cloud and data center power. Health Solutions&#39; business is gaining from advanced digital health/medical device demand.
FLEX currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 21.1% in the past year compared with the sub-industry&#39;s growth of 16.8%.
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<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/60/75252.jpg?v=919792589" />
Image Source: Zacks Investment Research
<h2>Stocks to Consider</h2>
Daktronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dakt#NASDAQ">DAKT</a>), sporting a Zacks Rank #1 (Strong Buy) at present, has a long-term earnings growth expectation of 30% and delivered an earnings surprise of 92.86%, on average, in the trailing four quarters. In the last reported quarter, DAKT delivered an earnings surprise of 92.86%.
Hayward Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hayw#NYSE">HAYW</a>), carrying a Zacks Rank #2 (Buy) at present, has a long-term earnings growth expectation of 10.3% and delivered an earnings surprise of 4.03%, on average, in the trailing four quarters. In the last reported quarter, HAYW delivered an earnings surprise of 5%.
Daikin Industries,Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dkily#OTC">DKILY</a>), carrying a Zacks Rank #2 at present has a long-term earnings growth expectation of 10.3%. The Zacks Consensus Estimate for DKILY&#39;s 2024 EPS has increased 5.2% in the past 60 days to 61 cents.
<a href="https://www.zacks.com/stock/news/2326515/flex-s-anord-mardix-expands-ireland-facility-to-meet-power-demand?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2326515">To read this article on Zacks.com click here.</a>

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FLEX's Anord Mardix Expands Ireland Facility to Meet Power Demand

GoDaddy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gddy#NYSE">GDDY</a>) is expanding its footprint in the digital marketing space with the launch of its all-in-one Digital Marketing product. The tool is designed to empower small business owners by simplifying and enhancing their online marketing activities.
Recognizing challenges that entrepreneurs face, such as limited time, budget and expertise, GoDaddy&#39;s new offering integrates essential tools like Search Engine Optimization (SEO), social media and email marketing into a single platform.
The latest launch enables businesses to manage their marketing strategies more efficiently and effectively, regardless of where their website is hosted.
With advanced AI-powered features, including customizable content creation, digital ads and a unified inbox for streamlined communication, GoDaddy Digital Marketing provides a comprehensive solution for small businesses aiming to grow and thrive in the competitive digital landscape.
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<h3>GoDaddy Inc. Price and Consensus</h3>
<img alt="GoDaddy Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/4f/1724254030.png" style="height:281px; width:620px" title="" />
GoDaddy Inc. price-consensus-chart | GoDaddy Inc. Quote
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<h3>GoDaddy&#39;s Strong Portfolio Aids Prospect</h3>
The latest move will solidify GDDY&#39;s presence by offering an all-in-one digital marketing solution that simplifies and enhances small business marketing efforts.
Per a Mordor Intelligence report, the digital market is expected to be valued at USD 1.38 trillion in 2024. It is projected to reach USD 3.62 trillion by 2029, exhibiting a CAGR of 21.32% between 2024 and 2029.
Strong momentum in the promising digital market is expected to instill investor optimism in the stock.
GDDY&#39;s focus on small businesses and expanding clientele has been a major growth driver.
In the second quarter of 2024, the company launched the Digital Marketing Suite, a new customer onboarding path offering personalized marketing tools and content on a single dashboard to help users build their brand, generate leads and grow their businesses, even without a website.
In May, the company expanded its Small Business GenAI Prompt Library, offering more than 185 updated prompts and new capabilities to support small business owners globally.
GoDaddy also introduced the Smart Terminal Flex in April, a compact and versatile Point of Sale terminal designed to improve efficiency for small businesses through modern features and seamless integration across various sales channels.
GDDY&#39;s efforts are expected to help it acquire numerous small businesses as customers, which, in turn, will drive its top-line growth in the days ahead.
GoDaddy expects third-quarter 2024 revenues in the band of $1.13-$1.15 billion, indicating year-over-year growth of 7% at the mid-point. The Zacks Consensus Estimate for the same is pegged at $1.14 billion, suggesting a rise of 6.83%.
The consensus mark for earnings is pegged at $1.25 per share, up by a penny in the past 30 days. The projection suggests a 40.45% year-over-year growth.
<h3>Zacks Rank &amp; Other Stocks to Consider</h3>
Currently, GoDaddy carries a Zacks Rank #2 (Buy).
The stock has surged 53.5% against the Zacks Computer and Technology sector&#39;s growth of 22.5% in the year-to-date period.
Some other top-ranked stocks in the broader technology sector are Arista Networks (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>), Badger Meter (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bmi#NYSE">BMI</a>) and Daktronics (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dakt#NASDAQ">DAKT</a>), each sporting a Zacks Rank #1(Strong Buy) at present.
Arista Networks&#39; shares have appreciated 50.2% in the year-to-date period. The long-term earnings growth rate for ANET is pegged at 17.20%.&nbsp;
Badger Meter&#39;s shares have gained 30.5% in the year-to-date period. The long-term earnings growth rate for BMI is pegged at 17.91%.
Shares of Daktronics have surged 79.3% in the year-to-date period. The long-term earnings growth rate for DAKT is pegged at 30%.
<a href="https://www.zacks.com/stock/news/2325270/godaddy-gddy-aids-small-business-marketing-in-digital-sector?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2325270">To read this article on Zacks.com click here.</a>

GoDaddy Aids Small Business Marketing in Digital Sector

The Zacks Electronics &ndash; Miscellaneous Products industry has been suffering from challenging macroeconomic conditions, high levels of inventories with distributors and steep interest rates. The global economic turmoil is expected to keep the semiconductor capex under check, which does not bode well for industry participants in the near term. However, players like KLA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/klac#NASDAQ">KLAC</a>), Flex (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flex#NASDAQ">FLEX</a>) and Daktronics (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dakt#NASDAQ">DAKT</a>) are benefiting from higher spending on advanced technologies, including augmented reality&nbsp;and virtual reality. Continuing investments in data centers, high-performance computing and 5G end markets are the key catalysts. Fab (foundry) expansion in the United States, South Korea, Taiwan and China, as well as higher spending on memory equipment, is expected to drive growth in 2024 and beyond.
Industry Description
The Zacks Electronics &ndash; Miscellaneous Products industry includes a number of original equipment manufacturers of air-conditioning systems, green energy solutions, remote-control systems, GPS navigation, home automation systems, healthcare devices, industry/factory automation, robotics, semiconductor and optical applications, and energy management solutions. The industry is evolving on digital transformation and the growing demand for silicon across multiple markets. The increasing cost of manufacturing bodes well for equipment suppliers, while the growing demand for silicon is a positive for semiconductor companies. Apart from the United States, companies in this industry are based in Japan, Germany, the Netherlands and Switzerland. These companies either have manufacturing operations in China and South-East Asia or generate significant revenues from these regions.
3 Trends Shaping the Future of the Industry
Solid Capital Spending Drives Prospects: Technology transitions are driving product complexities, which are raising the demand for solutions provided by industry participants. Increasing investment in expanding manufacturing capacity by semiconductor companies is a key catalyst in the long run (irrespective of the near-term hiccups due to the challenging macroeconomic conditions). Since semiconductor companies are the major customers of miscellaneous electronics product manufacturers, the trend bodes well for industry participants. In addition, rising spending on advanced nodes &mdash; 7 nm, 5 nm and 3 nm processes from logic and foundry customers &mdash; favors industry participants. Notably, logic and foundry spending is anticipated to be healthy this year.
Emerging Markets of Wearables, AR &amp; VR Drive Growth: Industry participants are riding on strong demand for wearables and AR and VR-supported display systems in defense, industrial, consumer applications and healthcare end markets. The adoption of AR and VR is increasing due to the growing proliferation of the metaverse.
Challenging Macroeconomic Condition is a Headwind: Industry participants are suffering from a challenging macroeconomic condition globally, with enterprises showing reluctance in committing to multi-year deals. Persistent inflation and unfavorable forex trends do not bode well for industry participants.
Zacks Industry Rank 
The Zacks Electronics &ndash; Miscellaneous Products industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #184, which places it in the bottom 26% of more than 250 Zacks industries.
The group&#39;s Zacks Industry Rank, which is the average of the Zacks Rank of all member stocks, indicates dim near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry&#39;s positioning in the bottom 50% of the Zacks-ranked industries is a result of the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group&#39;s earnings growth potential. Since Jul 31, 2023, earnings estimates for the industry for the current year have moved south by 25.5%.
Given the bearish prospects, there are only a few stocks worth watching in the industry. But before we present those stocks, let&#39;s take a look at the industry&#39;s recent stock-market performance and valuation picture.
Industry Lags S&amp;P 500, Broader Sector
The Zacks Electronics &ndash; Miscellaneous Products industry has underperformed the S&amp;P 500 and the broader Zacks Computer &amp; Technology sector in the past year.
The industry has returned 9.6% during this period compared with the S&amp;P 500 composite&#39;s growth of 19.3% and the broader sector&#39;s return of 27%.
<h3>One-Year Price Performance 
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/elcmpioperf_20240726.jpg" style="height:357px; width:620px" /></h3>
Industry&#39;s Current Valuation
On the basis of the forward 12-month P/E, which is a commonly used multiple for valuing Electronics-Miscellaneous products companies, we see that the industry is currently trading at 21.32X compared with the S&amp;P 500&#39;s 21.03X and the sector&#39;s forward-12-month P/E of 25.88X.
Over the last five years, the industry has traded as high as 22.16X and as low as 17.89X, with the median being 18.12X, as the charts below show.
<h3>Forward 12-Month Price-to-Earnings (P/E) Ratio</h3>
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/elecval_20240726.jpg" style="height:229px; width:620px" />
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/elecval2_20240726.jpg" style="height:225px; width:620px" />
Stocks to Buy Right Now
Daktronics: This Brookings, SD-based digital LED display technology and audio systems provider benefits from strong order growth.
This Zacks Rank #1 (Strong Buy) company is riding on strong demand in Live Events and International business unit orders. Daktronics shares have gained 73.5% year to date.
The Zacks Consensus Estimate DAKT&#39;s fiscal 2025 earnings has increased 34.5% to $1.13 per share over the past 30 days.
<h3>Price and Consensus: DAKT</h3>
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/dakt_20240726.jpg" style="height:359px; width:620px" />
KLA: This Zacks Rank #2 (Buy) company is benefiting from the strong performance of the wafer inspection business, owing to rising demand for advanced wafer inspection applications in leading-edge technology development.
This San Jose, CA-based company is benefiting from growing investments across multiple nodes and rising capital intensity in Foundry &amp; Logic.
The Zacks Consensus Estimate for fiscal 2025 has increased by a couple of cents to $28.19 per share over the past 30 days. KLA shares have jumped 31.3% year to date.
<h3>Price and Consensus: KLAC</h3>
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/klac_20240726.jpg" style="height:358px; width:620px" />
Flex: This Zacks Rank #2 company is gaining momentum from strong demand for next-generation mobility, including EV onboard electronics and advanced computing platforms for the software-defined vehicle, which is powering the automotive unit. Health Solutions&#39; business is bolstered by top-tier digital health/ medical device demand. Solid traction in AI-driven cloud spending is a positive factor.
Flex shares have gained 1.6% in the year-to-date period. The consensus mark for FLEX&#39;s fiscal 2025 earnings has been unchanged at $2.36 per share over the past 30 days.
<h3>Price and Consensus: FLEX 
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/flex_20240726.jpg" style="height:358px; width:620px" /></h3>
<a href="https://www.zacks.com/commentary/2310123/3-electronics-stocks-to-buy-from-a-challenging-industry?cid=CS-BENZ-FT-industry_outlook-2310123">To read this article on Zacks.com click here.</a>

KLAC

3 Electronics Stocks to Buy From a Challenging Industry

Daktronics Q1 2025 Earnings Preview

DaktronicsEPS of -$0.11, revenue of $226.1M beats by $9.26M

Daktronics, Inc. 2025 Q1 - Results - Earnings Call Presentation

Daktronics, Inc. (DAKT) Q1 2025 Earnings Call Transcript

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The Board has initiated a search for a new CFO and is seeking to recruit an experienced public company CFO who has served as an integral partner in...

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Daktronics Extends Shareholder Rights Agreement to 2025

Daktronics (DAKT) announced that its Board of Directors has approved an amendment to the Company's existing Shareholder Rights Agreement, pursuant ...

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Daktronics, Inc. Announces Next Steps in Ongoing Business Transformation Plan

Daktronics Announces Intention to Convert $25 Million Convertible Promissory Note into Common Stock

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