Headlines about Daktronics (NASDAQ:DAKT) have been trending positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Daktronics earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 88 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
- LED & OLED Displays and Lighting Products Market in Africa to Increase at 17.8% CAGR Through 2026 (sbwire.com)
- LED Video Walls Market – Global Industry Analysis, Size, Share, Growth, Trends … (prnewswire.com)
- Daktronics, Inc. – Value Analysis (NASDAQ:DAKT) : August 8, 2017 (finance.yahoo.com)
- LED Video Walls Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025 (itbusinessnet.com)
- Daktronics, Inc. to Release First Quarter 2018 Financial Results (finance.yahoo.com)
DAKT has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Daktronics from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. BidaskClub upgraded shares of Daktronics from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $12.17.
Daktronics (NASDAQ DAKT) traded up 0.86% on Friday, reaching $9.40. 198,036 shares of the company were exchanged. The stock has a market capitalization of $415.32 million, a price-to-earnings ratio of 40.87 and a beta of 1.30. The stock has a 50-day moving average price of $9.63 and a 200 day moving average price of $9.55. Daktronics has a 52 week low of $6.75 and a 52 week high of $11.12.
Daktronics (NASDAQ:DAKT) last released its earnings results on Wednesday, May 31st. The technology company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.04. Daktronics had a return on equity of 1.83% and a net margin of 0.63%. The firm had revenue of $143.70 million during the quarter, compared to analyst estimates of $141.50 million. During the same quarter last year, the business posted ($0.07) EPS. The firm’s revenue was up 3.8% on a year-over-year basis. Analysts forecast that Daktronics will post $0.36 earnings per share for the current year.
In other news, Director Nancy D. Frame sold 3,525 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $9.84, for a total value of $34,686.00. Following the completion of the transaction, the director now owns 58,881 shares in the company, valued at approximately $579,389.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Mulligan sold 10,829 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $9.90, for a total transaction of $107,207.10. Following the completion of the transaction, the director now owns 72,953 shares of the company’s stock, valued at approximately $722,234.70. The disclosure for this sale can be found here. Insiders sold a total of 67,661 shares of company stock valued at $791,626 in the last quarter. Insiders own 8.20% of the company’s stock.
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Daktronics, Inc is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International.
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