A securities class action has been filed against Kornit Digital Ltd. (KRNT) on behalf of all persons or entities that purchased or otherwise acquired Kornit ordinary shares between February 17, 2021 through July 5, 2022.  This case has been filed in the USDC – N.J.

Throughout the Class Period, Kornit repeatedly touted the purported competitive advantages provided by its technology and assured investors that it faced virtually no meaningful competition in the “direct-to-garment” printing market. The Company also represented that there was strong demand for its digital printing systems, consumable products, such as textile inks, as well as the services Kornit provided customers to maintain and manage its digital printers, and to manage customer workflow. Kornit further assured investors that the purportedly strong demand for the Company’s products and services would enable it to maintain its existing customer base and attract new customers that would limit the risks associated with a substantial portion of its revenues being concentrated among a small number of large customers.