Amazon Supplier Kornit Gains on Rosier View for Printer Upgrades

Kornit Digital gains 8% in Wednesday afternoon trading — on pace to close at a four-month high — after an investor conference late Tuesday where the digital textile-printing company gave a more bullish view on system upgrades.

  • KRNT now expects more than 90% of installed Atlas direct-to-garment machines to be upgraded with the company’s MAX technology, compared with a prior expectation for about 75%, Chief Executive Officer Ronen Samuel Said during a discussion at the William Blair 43rd Annual Growth Stock ConferenceHosted by analyst Brian Drab
    • “Importantly, we believe the company’s largest global strategic customer could begin to upgrade its …
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