Kornit Digital Q2 Results Beat Expectations as ARR From AIC Lease Jumps
Kornit Digital posted Q2 results above expectations and issued Q3 and full-year revenue guidance ahead of analyst estimates. Growth in annual recurring revenue under its All-Inclusive Click lease offering accelerated, rising about 26% sequentially and 79% year over year. An analyst raised its price target to $25 and reiterated a Buy rating.