Have you lost money investing in Kornit Digital? If yes, please visit us Class Action by Kornit Digital Ltd. Shareholders or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.

NEW YORK, March 20, 2023 (GLOBE NEWSWIRE) — Bernstein Liebhard LLP, a nationally recognized investor rights law firm, is reminding investors of the deadline for filing a motion by lead plaintiff in a securities class action lawsuit filed on behalf of investors of the the common shares of Kornit Digital Ltd. (“Kornit” or the “Company”) purchased or acquired KRNT between February 17, 2021 and July 5, 2022, inclusive (the “Class Period”). The lawsuit was filed in the United States District Court for the District of New Jersey alleging violations of the Securities Exchange Act of 1934.

Kornit develops and manufactures industrial digital printing technologies for the apparel, apparel and textile industries. The company’s digital inkjet printers enable end users to print both Direct-to-Garment (“DTG”) and Direct-to-Fabric (“DTF”). DTG printing involves printing designs and images directly onto finished textiles such as clothing and apparel. In DTF printing, large rolls of fabric run through wide inkjet printers that print images and designs directly onto panels of fabric, which are then cut and sewn into a product that can be used in the fashion and home decor industries. Kornit also manufactures and sells textile inks and other consumables for use in its digital printers. Kornit also provides customer support and device services for its printers, including technical support, maintenance and repair, through customer support contracts.

During the class period, Kornit repeatedly touted the alleged competitive advantages of its technology and assured investors that it faced virtually no significant competition in the DTG printing market. The company also represented strong demand for its digital printing systems,…