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EFII $36.97

EFII target price
36.97
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0
Electronics for Imaging, Inc.
Type
Public
Traded as NASDAQ: EFII
S&P 600 Component
Industry Digital Imaging Technology
Founded 1989 (1989)
Founder Efi Arazi
Headquarters Fremont, California, U.S.
Area served
Worldwide
Key people
Guy Gecht CEO
Revenue Increase US$ 992.1 million (FY 2016)
Profit Increase US$ 45.5 million (FY 2016)
Number of employees
3000+ (2016)
Subsidiaries Optitex
Website Efi.com

Electronics for Imaging, Inc. (EFI) is an international company based in Silicon Valley that specializes in digital printing technology. EFI develops technologies for the manufacturing of signage, packaging, textiles, ceramic tiles, and personalized documents, with a wide range of printers, inks, digital front ends, and a comprehensive business and production workflow suite.

Formerly located in Foster City, California, the company is now based in Fremont. EFI™ is a global technology company whose corporate goal is to lead the worldwide transformation from analogue to digital imaging. EFI develops technologies for the manufacturing of signage, packaging, textiles, ceramic tiles, and personalised documents, with a wide range of printers, inks, digital front ends, and a comprehensive business and production workflow suite that streamlines the production process. On July 1, 2015, EFI entered the textile printing marketing with the acquisition of Italian digital textile company Reggiani Macchine. On June 19, 2016, EFI acquired Optitex, a 3D digital workflow provider.

EFI was founded in 1989 in San Francisco by Israeli businessman Efi Arazi, who had previously founded Scitex in 1968, the first Israeli high-tech firm.

For six consecutive years, EFI has led the print industry with the most Must See 'Em awards through the Graph Expo, the most comprehensive "selling" trade show for Digital, Inkjet, Offset, Flexo, Gravure and Hybrid technologies, products and services for the Commercial, Transactional, Converting and Package Printing, Publishing, Mailing, In-Plant, Photo Imaging, Marketing and Industrial Printing industries in the Americas. In 2016, EFI received 8 Must See 'Em awards. The MUST SEE ’EMS provide valuable guidance to show goers considering the purchase of new equipment or software; they are also invaluable to exhibitors who desire industry-wide recognition of their newest products. The MUST SEE ’EMS also provide the industry media with a specific "hot list" of the latest innovations for pre-show, onsite and post-show coverage.

In October 2014, the U.S. Labor Department's wage and hour division in San Francisco fined the company $3,500 and ordered it to pay more than $40,000 in back wages after it had employed eight people at its new location in Fremont and paid the workers $1.21 per hour to install the computer network. California minimum wage was then $8.00 an hour. The employees, IT technicians, were flown in from Bangalore, India to help with the company's relocation to Fremont and were paid in rupees. The company said it was an "administrative error". EFI's vice president of HR Shared Services, Beverly Rubin, said, "During this assignment, they continued to be paid their regular pay in India, as well as a special bonus for their efforts on this project." She added, "During this process we unintentionally overlooked laws that require even foreign employees to be paid based on local U.S. standards."

Some of the employees were reported to have worked 122 hours a week setting up the network. The day before news of the labor violation was reported, the company posted record revenues of nearly $198 million, an 11 percent increase over the previous year. Michael Eastman, assistant district director with the United States Department of Labor, said that the labor abuses at the company were among the worst he had ever seen, even surpassing Los Angeles sweatshops. According to the Associated Press, CEO Guy Gecht earns just under $6 million, including salary and bonuses.

The controversy precipitated a flurry of comments from local politicians. Mike Honda, Congressman from San Jose and a Democrat, issued a statement that EFI's human resources practices "constitute the most egregious type of wage theft and employee abuse. They undermine fair labor competition among businesses, and if left unaddressed would erode the idea that this is an economy of opportunity." Honda indicated that current penalties are not sufficient to deter unscrupulous employers from engaging in wage abuses, and need to be increased. CEO Guy Gecht, had been a major contributor to the campaign of Ro Khanna, Honda's opponent, but Gecht's name was removed from Khanna's endorsement list after news of the labor violations broke. Tyler Law, a spokesman for Khanna noted, "The inexcusable exploitation by Electronics for Imaging goes against everything that Silicon Valley stands for."

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2019 2019-05-07 0.23 -0.44
Q4 2018 2019-01-30 0.46 -0.07
Q3 2018 2018-10-29 0.50 0.04

Ratings

2016-06-20 Reiterated Rating Brean Capital Buy
2016-06-02 Reiterated Rating Brean Capital Buy
2016-05-04 Reiterated Rating Citigroup Inc. Buy
2016-04-29 Reiterated Rating Morgan Stanley Hold $47.00
2016-04-21 Reiterated Rating Brean Capital Buy
2016-04-21 Boost Price Target Citigroup Inc. Buy $56.00 to $60.00
2016-02-22 Reiterated Rating Brean Capital Buy
2016-02-02 Upgrade Griffin Securities Neutral to Buy
2016-01-13 Initiated Coverage Barclays Overweight to Overweight $52.00 to $52.00
2016-01-13 Initiated Coverage Barclays PLC Overweight to Overweight $52.00 to $52.00
2015-11-08 Reiterated Rating Brean Capital Buy $60.00
2015-10-21 Reiterated Rating Brean Capital Buy
2015-10-21 Boost Price Target Citigroup Inc. $52.00 to $56.00
2015-10-21 Boost Price Target BMO Capital Markets Outperform $47.00 to $50.00
2015-07-21 Reiterated Rating Brean Capital Buy
2015-07-21 Boost Price Target Citigroup Inc. Buy $50.00 to $52.00
2015-07-21 Reiterated Rating BMO Capital Markets Buy $45.00 to $47.00
2015-07-13 Reiterated Rating Brean Capital Buy $60.00
2015-07-05 Reiterated Rating BMO Capital Markets Buy $45.00
2015-07-02 Reiterated Rating Longbow Research Buy $55.00
2015-07-02 Reiterated Rating Brean Capital Buy $60.00
2015-06-23 Initiated Coverage Longbow Research Buy $55.00
2015-04-26 Reiterated Rating Brean Capital Buy $60.00
2015-01-30 Lower Price Target Barclays Overweight $51.00 to $50.00
2015-01-22 Reiterated Rating BMO Capital Markets Outperform $45.00
2015-01-21 Reiterated Rating Brean Capital Buy $60.00
2015-01-14 Lower Price Target Barclays Overweight $54.00 to $51.00
2014-12-23 Reiterated Rating BMO Capital Markets Buy
2014-12-15 Initiated Coverage Morgan Stanley Equal Weight
2014-10-02 Upgrade Citigroup Inc. Neutral to Buy $40.00 to $50.00
2014-09-30 Reiterated Rating Brean Capital Buy $60.00
2014-07-18 Boost Price Target BMO Capital Markets $45.00 to $48.00
2014-07-18 Boost Price Target Barclays Overweight $49.00 to $54.00
2014-04-21 Reiterated Rating Citigroup Inc. Neutral $40.00
2014-03-19 Boost Price Target Brean Capital Buy $50.00 to $60.00
2014-01-29 Downgrade Griffin Securities Buy to Neutral
2014-01-22 Initiated Coverage Barclays Overweight $47.00
2013-11-12 Boost Price Target Griffin Securities Buy $37.00 to $43.00
2013-11-11 Boost Price Target BMO Capital Markets Outperform $36.00 to $41.00
2013-11-07 Boost Price Target Brean Capital Buy $40.00 to $50.00
2013-10-18 Reiterated Rating BMO Capital Markets Outperform $33.00 to $36.00
2013-04-19 Reiterated Griffin Securities Buy $27 to $32
2013-01-25 Reiterated Griffin Securities Buy $22 to $27
2011-04-26 Reiterated Brean Murray Buy $18 to $23
2009-11-30 Upgrade Brean Murray Hold to Buy $16
2009-04-08 Downgrade Argus Hold to Sell
2008-01-24 Reiterated UBS Neutral $17 to $14.50
2008-01-24 Reiterated BMO Capital Markets Market Perform $18 to $16
2008-01-15 Downgrade Banc of America Sec Buy to Neutral $26.50 to $15
2008-01-10 Downgrade Collins Stewart Market Perform to Underperform
2008-01-10 Downgrade BMO Capital Markets Outperform to Market Perform
2016-06-20 Reiterated Rating Brean Capital Buy
2016-06-02 Reiterated Rating Brean Capital Buy
2016-05-04 Reiterated Rating Citigroup Inc. Buy
2016-04-29 Reiterated Rating Morgan Stanley Hold $47.00
2016-04-21 Reiterated Rating Brean Capital Buy

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

Major Shareholders

Name Relationship Total Shares Holding stocks
GECHT GUY Chief Executive Officer 0.64%  (298006) EFII /
OLIN MARC D Chief Operating Officer 0.19%  (89316) EFII /
COGAN GILL 0.14%  (66333) EFII /
GEORGENS THOMAS 0.11%  (50000) ADSK / EFII / NTAP /
BROWN ERIC F 0.07%  (34500) EFII / IGT / PLCM /
Pilette Vincent Chief Financial Officer 0.06%  (29509) EFII / LOGI /
MAYDAN DAN 0.06%  (26810) EFII / INFN /
Reeder David Chief Financial Officer 0.03%  (12588) EFII / LXK /