Needham Initiates Coverage on Electronics For Imaging to Buy

Needham Initiates Coverage on Electronics For Imaging(NASDAQ:EFII). The shares have been rated Buy. The rating by Needham was issued on Sep 27, 2016.

In a different note, William Blair said it Initiates Coverage on Electronics For Imaging, according to a research note issued on Sep 9, 2016. The shares have been rated ‘Outperform’ by the firm. Stifel Nicolaus said it Initiates Coverage on Electronics For Imaging, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Buy’ by the firm.

Electronics For Imaging (EFII) made into the market gainers list on Fridays trading session with the shares advancing 0.39% or 0.19 points. Due to strong positive momentum, the stock ended at $48.92, which is also near the day’s high of $49.19. The stock began the session at $48.95 and the volume stood at 2,57,471 shares. The 52-week high of the shares is $50.0899 and the 52 week low is $35.88. The company has a current market capitalization of $2,285 M and it has 4,67,18,430 shares in outstanding.

Electronics For Imaging(EFII) last announced its earnings results on Jul 25, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $245.65M. Analysts had an estimated revenue of $247.75M. Earnings per share were $0.56. Analysts had estimated an EPS of $0.58.

Several Insider Transactions has been reported to the SEC. On Sep 2, 2016, Gill Cogan (director) sold 3,727 shares at $46.66 per share price.Also, On Oct 13, 2015, Dan Maydan (director) sold 625 shares at $47.04 per share price.On Aug 11, 2015, Eric F Brown (director) sold 40,625 shares at $45.05 per share price, according to the Form-4 filing with the securities and exchange commission.

Electronics For Imaging Inc. (EFI) is a provider of digital printing focused on the transformation of the printing packaging and decorative industries from the use of analog-based presses to digital on-demand printing. The Company operates through three segments: Industrial Inkjet Productivity Software and Fiery. The Company’s products include industrial super-wide wide format label and packaging and ceramic tile decoration digital inkjet printers that utilizes its digital ink digital inkjet printer parts and professional services; print production workflow Web-to-print cross-media marketing and business process automation solutions and color digital front ends (DFEs) creating a digital printing ecosystem. Its inks include digital ultra-violet (UV) light emitting diode (LED) ceramic textile dye sublimation and thermoforming ink. The Company also provides digital inkjet textile space.

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