Daktronics, Inc. designs, manufactures, markets, and sells electronic display systems and related products worldwide. It operates in 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; indoor and outdoor LED video displays, including centerhung, landmark, ribbon board, and corporate office entrance displays, as well as video walls and hanging banners; mobile and modular display systems; 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. It also provides control components for video displays in live event applications; message displays; ITS dynamic message signs, including LED displays for road management, mass transit, and aviation applications; digit and directional displays for use in parking facilities; and sound systems for outdoor sports venues. In addition, the company offers out-of-home advertising displays comprising billboards and street furniture displays; DataTime product line that consists of outdoor time and temperature displays; and Fuelight digit displays designed for the petroleum industry. Further, it provides ADFLOW DMS systems that include indoor networked solutions for retailers, convenience stores, and other businesses; and Venus Control Suite, Show Control, Vanguard, and others, as well as maintenance and professional services related to its products. The company sells its products through direct sales and resellers. Daktronics, Inc. was founded in 1968 and is headquartered in Brookings, South Dakota.
IPO Year: 1994
Exchange: NASDAQ
Website: daktronics.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/22/2025 | $26.00 | Buy | Craig Hallum |
4 - DAKTRONICS INC /SD/ (0000915779) (Issuer)
4/A - DAKTRONICS INC /SD/ (0000915779) (Issuer)
3/A - DAKTRONICS INC /SD/ (0000915779) (Issuer)
4 - DAKTRONICS INC /SD/ (0000915779) (Issuer)
3/A - DAKTRONICS INC /SD/ (0000915779) (Issuer)
4 - DAKTRONICS INC /SD/ (0000915779) (Issuer)
3/A - DAKTRONICS INC /SD/ (0000915779) (Issuer)
4/A - DAKTRONICS INC /SD/ (0000915779) (Issuer)
4 - DAKTRONICS INC /SD/ (0000915779) (Issuer)
4/A - DAKTRONICS INC /SD/ (0000915779) (Issuer)
DEFA14A - DAKTRONICS INC /SD/ (0000915779) (Filer)
DEFA14A - DAKTRONICS INC /SD/ (0000915779) (Filer)
PRE 14A - DAKTRONICS INC /SD/ (0000915779) (Filer)
DEFA14A - DAKTRONICS INC /SD/ (0000915779) (Filer)
DEF 14A - DAKTRONICS INC /SD/ (0000915779) (Filer)
8-K - DAKTRONICS INC /SD/ (0000915779) (Filer)
10-Q - DAKTRONICS INC /SD/ (0000915779) (Filer)
8-K - DAKTRONICS INC /SD/ (0000915779) (Filer)
8-A12B/A - DAKTRONICS INC /SD/ (0000915779) (Filer)
8-K - DAKTRONICS INC /SD/ (0000915779) (Filer)
Craig Hallum initiated coverage of Daktronics with a rating of Buy and set a new price target of $26.00
Asserts Independent Directors are Placing Shareholders, Customers and Employees at Unacceptable Risk by Allowing Chairman and CEO Reece Kurtenbach to Continue in his Roles Highlights that Mr. Kurtenbach has Presided Over Years of Abysmal Governance, Dismal Capital Allocation, Pervasive Nepotism Involving Family Members and Sustained Value Destruction Notes Mr. Kurtenbach and his CFO Allowed Daktronics to Become a "Going Concern" Months After Alta Fox Privately Conveyed a Willingness to Provide Certain and Immediate Capital Questions Independent Directors' Motivation for Failing to Respond to Alta Fox's Most Recent Proposal to Promptly Deliver Affordable Capital, Provided Leadership Chang
BROOKINGS, S.D., Dec. 07, 2022 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ - DAKT) today announced the expansion of its Board of Directors to eight members and the appointment of Howard I. Atkins as the eighth director. The addition of Mr. Atkins is part of the Board's ongoing refreshment process. He was selected pursuant to the Cooperation Agreement with Daktronics shareholder Prairieland Holdco, LLC ("Prairieland") and its affiliates, including Andrew Siegel (collectively, the "Prairieland Group"), which was announced on July 27, 2022. Andrew Siegel stated, "The Board conducted a comprehensive search and recruitment effort, and I am pleased that it resulted in the selection of
BROOKINGS, S.D., June 02, 2021 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ - DAKT) announces the retirement of Robert G. Dutcher and Byron J. Anderson both effective on September 1, 2021. Dutcher and Anderson have served on the Daktronics board of directors since 2002 and 2005, respectively. The board also announces the nominations of Shereta Williams and Dr. Lance D. Bultena as independent directors to its board for election at the September 1, 2021 annual meeting of shareholders. Reece A. Kurtenbach, chairman, president and CEO, recognized the contributions from Dutcher's and Anderson's leadership and dedication to Daktronics, "We thank Byron and Bob for their significant contribution
BROOKINGS, S.D., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT), announced today it will release its third quarter fiscal 2025 financial results on Wednesday, March 5, 2025 before the market opens. The Company will host a conference call and webcast for all interested parties at 10:00 AM CT that day. Reece A. Kurtenbach, Chief Executive Officer, and Sheila M. Anderson, Chief Financial Officer, will host the conference call, which will contain forward-looking statements and other material information. To listen to the earnings call by phone, participants must pre-register at Daktronics Earnings Call Registration. All registrants will receive dial-in information and a
Highlights the Board's Latest Attempt to Shift Attention Away from its Own Governance Failures and Entrenchment Maneuvers Makes Clear that Daktronics' Offers Were at a Discount to Fair Market Value – Contrary to the Company's Claims 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
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 Intends to Vigorously Defend Itself from Alta Fox's Baseless Litigation to Ensure that Shareholders Can Vote on Reincorporation BROOKINGS, S.D., Feb. 05, 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 issued the following statement regarding the recent public comments and litigation from Alta Fox Capital Management, LLC (together wi
Believes the Board's Plan to Reincorporate in Delaware and Eliminate Cumulative Voting is Designed to Protect Underperforming Directors at Shareholders' Expense Highlights Daktronics' Attempt to Deflect from Shareholders' Calls to Immediately Declassify the Board Shares that Alta Fox Has Filed a Preliminary Proxy Statement to Solicit Shareholder Votes AGAINST the Company's Reincorporation Proposal at the Upcoming Special Meeting 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
Believes Eliminating Cumulative Voting is Contrary to Best Interests of Shareholders 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 eliminate cumulative voting. February 4, 2025 Fellow Shareholders: Breach Inlet Capital remains a top 10 shareholder of DAKT with ownership of 2
Anchor Capital Advisors, LLC (collectively with its affiliates, "Anchor Capital"), which is a shareholder of Daktronics, Inc. (NASDAQ:DAKT) ("Daktronics" or the "Company"), today issued the following statement regarding its support of shareholder-driven governance enhancements at Daktronics: "Anchor Capital appreciates the positive conversations we have had with Daktronics' management. We believe the Company, and its stakeholders, would greatly benefit from adding shareholder-supported board members, who would bring fresh perspectives to help address Daktronics' undervaluation. We would also support implementing a de-classified board structure in alignment with our proxy voting guidelines
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 Dela
Cree LED, a Penguin Solutions brand (Nasdaq: PENG), and Daktronics (Nasdaq: DAKT), today announced a multi-year, global patent license agreement effective December 2024. With limited exceptions, this agreement provides a license to Daktronics for Cree LED's patented technology for the duration of the agreement. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241217464919/en/Daktronics licenses Cree LED's patented technology in a multi-year global agreement announced today. (Photo: Business Wire) With over 35 years of expertise in LED die and packaging technology, along with a robust portfolio of intellectual property covering the
Expresses Support for Shareholder Alta Fox and Encourages Board to Act in Best Interests of ALL Shareholders Offers Recommendations to Improve the Company Breach Inlet Capital, LP, an investment firm focused on underfollowed and misunderstood small cap equities, today issued the following letter to the Board of Directors of Daktronics, Inc. (NASDAQ:DAKT). The full text of the letter follows: December 17, 2024 Daktronics, Inc. 201 Daktronics Drive Brookings, South Dakota 57006 Attention: Board of Directors Dear Members of the Board: Breach Inlet Capital, LP (together with its affiliates, "Breach Inlet Capital" or "we") has been a patient and supportive shareholder of Daktronics
Publicly Clarifies Alta Fox's Stance on its Convertible Promissory Note Reiterates its Belief that Daktronics Can Achieve ~$40 Per Share and ~100% Upside Through Governance Reforms, Board Refreshment and Operational Excellence 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 outstanding shares, today issued the following statement to correct misleading claims from the Company regarding Alta Fox's motives and recent actions: "Yesterday, we released a detailed presentation outli
SC 13D/A - DAKTRONICS INC /SD/ (0000915779) (Subject)
SC 13D - DAKTRONICS INC /SD/ (0000915779) (Subject)
SC 13G/A - DAKTRONICS INC /SD/ (0000915779) (Subject)
SC 13G/A - DAKTRONICS INC /SD/ (0000915779) (Subject)
SC 13G - DAKTRONICS INC /SD/ (0000915779) (Subject)
SC 13G/A - DAKTRONICS INC /SD/ (0000915779) (Subject)
SC 13D/A - DAKTRONICS INC /SD/ (0000915779) (Subject)
SC 13D/A - DAKTRONICS INC /SD/ (0000915779) (Subject)
SC 13D/A - DAKTRONICS INC /SD/ (0000915779) (Subject)
SC 13G/A - DAKTRONICS INC /SD/ (0000915779) (Subject)
BROOKINGS, S.D., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT), announced today it will release its third quarter fiscal 2025 financial results on Wednesday, March 5, 2025 before the market opens. The Company will host a conference call and webcast for all interested parties at 10:00 AM CT that day. Reece A. Kurtenbach, Chief Executive Officer, and Sheila M. Anderson, Chief Financial Officer, will host the conference call, which will contain forward-looking statements and other material information. To listen to the earnings call by phone, participants must pre-register at Daktronics Earnings Call Registration. All registrants will receive dial-in information and a
Exposes How Poor Governance and a Private Family Business Mentality Have Driven Massive Underperformance for Shareholders Outlines a Clear Path to ~$40 Per Share and ~100% Upside Through Governance Reforms, Board Refreshment and Operational Excellence Plans to Nominate Highly Qualified, Independent Director Candidates for Election to the Company's Board Visit www.FixDaktronics.com to View the Presentation 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 outstanding shares, t
BROOKINGS, S.D., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (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 reported results for its fiscal 2025 second quarter which ended October 26, 2024. Fiscal Q2 2025 financial highlights include: Sales of $208.3 million, a 4.5 percent increase from the second quarter of fiscal 2024, and fiscal year-to-date sales of $434.4 million, up 0.6 percent compared with the same period last fiscal yearGross profit as a percentage of net sales of 26.8 percent, compared to 27.2 percent for the second quarter of fiscal 2024, and the
BROOKINGS, S.D., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT), announced today it will release its second quarter fiscal 2025 financial results on Wednesday, December 4, 2024 before the market opens. The Company will host a conference call and webcast for all interested parties at 10:00 AM CT that day. Reece A. Kurtenbach, Chief Executive Officer, and Sheila M. Anderson, Chief Financial Officer, will host the conference call, which will contain forward-looking statements and other material information. To listen to the earnings call by phone, participants must pre-register at Daktronics Earnings Call Registration. All registrants will receive dial-in i
BROOKINGS, S.D., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. ("Daktronics" or the "Company") (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 its Board of Directors (the "Board") has approved an amendment (the "Second Amendment") to the Company's existing Shareholder Rights Agreement (the "Rights Agreement"), pursuant to which the expiration date of the Rights Agreement was extended to November 19, 2025, the exercise price was changed to $40.00, and the beneficial ownership threshold at which the rights become exercisable was changed to 15% (or 20% i
Business Transformation Office Driving Strategic Initiatives to Accelerate Profitable Growth, Increase Margins and Drive Consistent Returns on Invested Capital in the Mid-to-High Teens Ad Hoc Transformation Committee of the Board to Oversee Execution of Strategic Initiatives Board of Directors Initiates Search for New Chief Financial Officer to Support the Achievement of the Company's ROIC Goals Sheila Anderson Named to Newly Created Role of Chief Data and Analytics Officer to Lead Digital Transformation BROOKINGS, S.D., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Daktronics Inc ("Daktronics" or the "Company") (Nasdaq – DAKT) today announced the next phase of its ongoing business tran
Solid Sequential GAAP Revenue Growth, Margin Expansion, and Cash Flow Generation Earned $22.7 Million of Operating Income and Adjusted Net Income(1) of $16.6 Million BROOKINGS, S.D., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (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 reported results for its fiscal 2025 first quarter which ended July 27, 2024. Fiscal Q1 2025 financial highlights: Sales of $226.1 million, a 4.7 percent sequential increase from the fourth quarter of fiscal 2024, aligning with expected seasonal demand and driven by increased production an
BROOKINGS, S.D., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT), announced today it will release its first quarter fiscal 2025 financial results on Wednesday, September 4, 2024 before the market opens. The Company will host a conference call and webcast for all interested parties at 10:00 AM CT that day. Reece A. Kurtenbach, Chief Executive Officer, and Sheila M. Anderson, Chief Financial Officer, will host the conference call, which will contain forward-looking statements and other material information. To listen to the earnings call by phone, participants must pre-register at Daktronics Earnings Call Registration. All registrants will receive dial-in information a
BROOKINGS, S.D., June 26, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (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 reported results for its fiscal year and fourth quarter 2024 ended on April 27, 2024. Fiscal Q4 and full year 2024 financial highlights: Sales increased to a new record of $215.9 million for the fiscal fourth quarter, a 2.9 percent increase compared to the fiscal 2024 fourth quarter's record revenue; full-year sales were $818.1 million, an 8.5 percent increase from the prior yearGross margin for the fourth quarter improved 90 basis points to 25.
BROOKINGS, S.D., June 20, 2024 (GLOBE NEWSWIRE) -- Daktronics Inc (Nasdaq – DAKT) announced today it will release its fourth quarter fiscal 2024 financial results on Wednesday, June 26, 2024 before the market opens. The Company will host a conference call and webcast for all interested parties at 10:00 AM CT that day. Reece A. Kurtenbach, Chief Executive Officer, and Sheila M. Anderson, Chief Financial Officer, will host the conference call, which will contain forward-looking statements and other material information. To listen to the earnings call by phone, participants must pre-register at Daktronics Earnings Call Registration. All registrants will receive dial-in information and a PIN