Somewhat Positive News Coverage Somewhat Unlikely to Impact Daktronics (DAKT) Stock Price

Media stories about Daktronics (NASDAQ:DAKT) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Daktronics earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 47.3861611544164 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Daktronics opened at $9.78 on Friday, according to Marketbeat. The stock has a market cap of $424.28 million, a PE ratio of 42.52 and a beta of 1.15. The company has a quick ratio of 1.60, a current ratio of 2.18 and a debt-to-equity ratio of 0.08. Daktronics has a 52 week low of $9.45 and a 52 week high of $9.48.

Daktronics (NASDAQ:DAKT) last announced its quarterly earnings data on Tuesday, February 20th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.11). The company had revenue of $130.32 million for the quarter, compared to the consensus estimate of $123.84 million. Daktronics had a net margin of 1.67% and a return on equity of 7.11%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.12) earnings per share.

Several research firms have recently commented on DAKT. BidaskClub raised shares of Daktronics from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. TheStreet lowered shares of Daktronics from a “b-” rating to a “c+” rating in a research report on Wednesday, February 21st. Zacks Investment Research raised shares of Daktronics from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Sidoti began coverage on shares of Daktronics in a research report on Wednesday, January 24th. They set a “neutral” rating and a $10.00 price target for the company. Finally, ValuEngine raised shares of Daktronics from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Four equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $10.50.

Daktronics Company Profile

Daktronics, Inc designs, manufactures, and sells a range of electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation, as well as controllers; LED ribbon board displays; mobile and modular display systems; freeform LED displays, which include architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms.

Insider Buying and Selling by Quarter for Daktronics (NASDAQ:DAKT)

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