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Daktronics
Type
Public
Traded as NASDAQ: DAKT
S&P 600 Component
Industry electronics
Founded 1968
Founder Aelred J. Kurtenbach
Duane Sander
Headquarters Brookings, South Dakota, United States
Key people
Aelred J. Kurtenbach, Co-Founder and Chairman
Reece Kurtenbach, President, CEO
Products timing and display systems
Revenue Increase US$489.5 million (2012)
Net income
Increase US$8.5 million (2012)
Number of employees
more than 2500
Website daktronics.com

Daktronics is an American company based in Brookings, South Dakota that designs, manufactures, sells, and services video displays, scoreboards, digital billboards, dynamic message signs, sound systems, and related products. The company is known for its electronic LED displays. Founded in 1968 by two South Dakota State University professors, Daktronics grew from a provider of electronic voting systems for state legislatures to one of the world's largest suppliers of electronic signs.

Daktronics was founded in 1968 by Aelred Kurtenbach and Duane Sander, professors of electrical engineering at South Dakota State University in Brookings, SD. The company began with the design and manufacture of electronic voting systems for state legislatures.

Daktronics currently has its headquarters in Brookings, SD, with other facilities in Sioux Falls, SD, Redwood Falls, MN, Shanghai, China, and Belgium, along with more than 50 regional offices around the world.

Daktronics acquired Keyframe Inc., a video production and consulting company, in 2000. Today, Daktronics Creative Services designs digital content in HD video, 3D animation and motion graphics, specializing in media networks and large-scale LED displays.

Daktronics Sports Marketing (DSM) specializes in raising advertising and sponsorship revenue for colleges, universities, high schools, municipalities and teams from all sports to fund new technology in sporting venues.

Daktronics has been supplying scoreboards and video displays for the Olympic Games for several years. However, the Olympic Games often have contracts with larger corporations, such as Swiss Timing, so the Daktronics name is not often used.

Daktronics has been an influence in National Basketball Association rule changes in the 2000s. The company manufactured the first backboard light strips to comply with buzzer beater instant replay rulings, and in 2004, developed a see-through shot clock to improve spectator visibility.

News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2020 2020-11-25 Future report Set alerts
Q1 2020 2020-08-26 0.17 0.17
Q4 2019 2020-06-10 -0.02 -0.02
Q3 2019 2020-02-26 -0.28 -0.28
Q2 2019 2019-11-27 0.16 0.16
Q1 2019 2019-08-28 0.16 0.16
Q4 2018 2019-05-29 -0.24 -0.24
Q3 2018 2019-02-20 -0.07 -0.07
Q2 2018 2018-11-21 0.19 0.19
Q1 2018 2018-08-21 0.10 0.10

Ratings

2016-06-02 Reiterated Rating Needham & Company LLC Buy $9.00 to $8.00
2016-06-01 Downgrade Griffin Securities Buy to Neutral
2016-06-01 Downgrade Sidoti Buy to Neutral
2016-02-24 Reiterated Rating Needham & Company LLC Buy $9.50 to $9.00
2015-11-25 Reiterated Rating Needham & Company LLC Buy $10.00 to $9.50
2015-09-23 Upgrade Needham & Company LLC Hold to Buy $10.00
2013-11-20 Boost Price Target Griffin Securities Buy $14.00 to $16.00
2013-10-14 Upgrade Sidoti Neutral to Buy
2012-08-22 Reiterated Griffin Securities Buy $12 to $14
2012-06-01 Reiterated Griffin Securities Buy $14 to $12
2010-11-24 Reiterated Dougherty & Company Buy $11 to $15
2010-06-03 Upgrade Dougherty & Company Neutral to Buy
2009-06-03 Downgrade Needham Buy to Hold
2009-02-25 Reiterated Dougherty & Company Buy $13 to $10
2008-11-07 Reiterated Dougherty & Company Buy $21 to $13
2008-11-03 Reiterated Needham Buy $23 to $17
2008-08-27 Reiterated Needham Buy $22 to $23
2008-08-27 Reiterated CL King Accumulate $24 to $23
2008-06-25 Reiterated CL King Accumulate $22 to $24
2008-05-29 Reiterated CL King Accumulate $19 to $22
2008-05-06 Reiterated CL King Accumulate $22 to $19
2008-04-04 Upgrade CL King Neutral to Accumulate $22
2008-01-11 Reiterated Needham & Co Buy $26 to $28
2007-11-29 Initiated JP Morgan Overweight
2007-11-15 Reiterated Needham & Co Buy $34 to $26
1970-01-01
2016-06-02 Reiterated Rating Needham & Company LLC Buy $9.00 to $8.00
2016-06-01 Downgrade Griffin Securities Buy to Neutral
2016-06-01 Downgrade Sidoti Buy to Neutral
2016-02-24 Reiterated Rating Needham & Company LLC Buy $9.50 to $9.00
2015-11-25 Reiterated Rating Needham & Company LLC Buy $10.00 to $9.50

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
MORGAN JAMES B CEO & President 3.07%  (1326980) DAKT /
KURTENBACH AELRED J Chairman of the Board 1.95%  (845258) DAKT /
GATZKE CARLA S Secretary and VP of Human Reso 1.01%  (435063) DAKT /
Kurtenbach Reece A Vice President 0.62%  (268342) DAKT /
KURTENBACH FRANK J 0.59%  (256038) DAKT /
Kurtenbach Matthew John VP of Manufacturing 0.44%  (190130) DAKT /
Wiemann Bradley T Vice President 0.21%  (91892) DAKT /
FRAME NANCY D 0.15%  (64696) DAKT /
DUTCHER ROBERT G 0.10%  (42140) DAKT /
VELLENGA JAMES A 0.08%  (36306) DAKT /
MULLIGAN JOHN L 0.08%  (36290) DAKT /
ANDERSON BYRON J 0.08%  (33314) DAKT /
McDermott Kevin Patrick 0.05%  (22121) DAKT / GCO /
Friel John Patrick 0.04%  (17474) DAKT /
RETTERATH WILLIAM R Treasurer & CFO 0.04%  (16635) DAKT /
Tobin Bruce William 0.02%  (10256) DAKT /
Anderson Sheila Mae Treasurer/CFO 0.02%  (9070) DAKT /

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