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Daktronics Approves $20 Million Share Repurchase Plan

Story Highlights
  • Daktronics approved a $20 million share repurchase, with $25.7 million still available.
  • The company reported strong Q2 2026 results, with significant growth in orders and sales.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Daktronics Approves $20 Million Share Repurchase Plan

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An update from Daktronics ( (DAKT) ) is now available.

On December 9, 2025, Daktronics‘ Board of Directors approved an additional $20 million share repurchase authorization under its stock repurchase program, with $25.7 million still available for repurchases. The company reported strong fiscal 2026 second-quarter results, with a 36.7% year-over-year increase in operating profit and a 9.4% operating margin. Daktronics experienced double-digit growth in orders and sales, driven by significant orders in the Live Events and Transportation segments, and maintained a robust product backlog of $321 million, up 36% from the previous year. The company continues to focus on its business and digital transformation initiatives to drive growth and efficiency, with plans to open a new manufacturing facility in Mexico by the end of fiscal 2026.

The most recent analyst rating on (DAKT) stock is a Hold with a $19.50 price target. To see the full list of analyst forecasts on Daktronics stock, see the DAKT Stock Forecast page.

Spark’s Take on DAKT Stock

According to Spark, TipRanks’ AI Analyst, DAKT is a Neutral.

Daktronics’ strong liquidity and solid balance sheet are key strengths, supported by effective cash flow management. However, profitability issues and a high P/E ratio present significant risks. The recent earnings call and new CEO appointment provide positive momentum, but technical indicators suggest caution.

To see Spark’s full report on DAKT stock, click here.

More about Daktronics

Daktronics, Inc. is a leading company in the design and manufacturing of dynamic video communication displays and control systems, serving customers worldwide. The company focuses on providing innovative solutions for both indoor and outdoor products, software services, and control systems, with a strong emphasis on expanding its market opportunities and enhancing operational efficiencies.

Average Trading Volume: 500,432

Technical Sentiment Signal: Buy

Current Market Cap: $869.2M

Learn more about DAKT stock on TipRanks’ Stock Analysis page.

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