DAKT Stock Recent News

Daktronics offers diverse digital display solutions, benefiting from macro trends like growing LED usage, new stadiums, and transportation projects. Revenue inconsistency and reliance on stadium developments pose risks; diversification into transportation and commercial segments is recommended. Investors should remain cautious and await the upcoming earnings report before making any investment decisions on DAKT stock.

Daktronics, Inc. is expected to report Q3 earnings on March 5th, with flat y/y sales and a sequential sales decrease of -18%. I am concerned about the company's stagnant top-line growth and slight margin contraction, and prefer to observe from the sidelines for now. Key areas of interest include management's strategies for improving margins, backlog outlook, and upcoming high-profile projects in 2025 and beyond.

DALLAS--(BUSINESS WIRE)--Alta Fox Capital Management, LLC (together with its affiliates, “Alta Fox” or “we”), the largest shareholder of Daktronics, Inc. (NASDAQ: DAKT) (“Daktronics” or the “Company”) based on its beneficial ownership interest on a fully converted basis of 11.7% of the Company's outstanding shares, today issued the following statement correcting misleading claims from Daktronics regarding Alta Fox's equity stake. The Company's recent statement regarding Alta Fox's convertible n.

Notes that Alta Fox Has Been Seeking to Sell the Majority of Its Equity Stake, Even as It Publicly Claims to Be Committed to Daktronics for the Long Term

DALLAS--(BUSINESS WIRE)--Alta Fox Capital Management, LLC (together with its affiliates, “Alta Fox” or “we”), the largest shareholder of Daktronics, Inc. (NASDAQ: DAKT) (“Daktronics” or the “Company”) based on its beneficial ownership interest on a fully converted basis of 11.7% of the Company's outstanding shares, today announced that it has filed a lawsuit against the Company and Chairman, President and Chief Executive Officer Reece A. Kurtenbach in the United States District Court for the Di.

CHARLESTON, S.C.--(BUSINESS WIRE)--Breach Inlet Capital Management, LLC (together with its affiliates, “Breach Inlet Capital” or “we”) is an investment firm focused on underfollowed and misunderstood small cap equities. Today, we issued the following open letter to shareholders of Daktronics, Inc. (NASDAQ: DAKT) (“DAKT” or the “Company”) explaining our intention to vote AGAINST the Company's proposed reincorporation from South Dakota to Delaware, pursuant to which DAKT primarily is seeking to e.

The Fed cut interest rates in December to 4.25%-4.5% and revised guidance for only two rate cuts in 2025, which induced a market selloff. Historically, the market falls the first week after a rate cut. History has shown that in subsequent periods, the market rallies, presenting a potential buying opportunity for defensively positioned stocks.

Shareholders to Vote on a Proposal to Reincorporate the Company in Delaware Reaffirms Commitment to Maintaining Headquarters and Operations in South Dakota BROOKINGS, S.D., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Daktronics, Inc. (“Daktronics,” the “Company,” “we” or “us”) (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 the Company has filed a preliminary proxy statement and plans to hold a special meeting of shareholders (the “Special Meeting”) to consider and vote upon a proposal to change the Company's jurisdiction of incorporation from South Dakota to Delaware.

While the market sighed a collective breath of relief after the Fed cut 50-bps, this week has been anything but bullish for the broad market. I'm looking at 5 consecutive red daily candles on the Russell 2000.

Daktronics has shown strong resilience and growth potential, with an 88.18% stock increase, outperforming the S&P 500's 23.58% gain. Despite earlier concerns about inflation and dividends, Daktronics' solid performance, efficiency improvements, and undervaluation justify upgrading the stock to a "Buy". The company's digital transformation plan and new tech initiatives are driving growth, with significant demand in the sports, transportation, and advertising sectors.