Why Electronics for Imaging, Inc. Stock Popped Today [The Motley Fool]
ELECTRONICS FOR IMAGING (EFII)
Last electronics for imaging earnings: 5/7 04:40 pm
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US:NASDAQ Investor Relations:
ir.efi.com/investor-relations
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Source: The Motley Fool
After news of accounting problems last week, some on Wall Street think the digital printing specialist's sell-off was overdone. Steve Symington ( TMFSymington ) Aug 7, 2017 at 7:25PM What happened Shares of Electronics for Imaging Inc. ( NASDAQ:EFII ) jumped 9.6% on Monday after an analyst offered an encouraging note regarding shares of the digital printing technology specialist. So what Electronics for Imaging stock plummeted more than 40% on Friday after the company postponed its second-quarter call to complete an assessment of the timing of recognition of revenue. It also suggested that its disclosure controls were not effective in prior periods. Given that massive drop, however, Needham & Company analyst James Ricchiuti reiterated his buy rating on EFII shares this morning. But he also reduced his price target to $38 from $53. For persp
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