12.055 0.00 (0.00%)
After hours: 4:36PM EST
|Bid||12.150 x 1000|
|Ask||12.300 x 100|
|Day's range||10.650 - 12.330|
|52-week range||9.950 - 60.850|
|PE ratio (TTM)||N/A|
|Earnings date||2 May 2018 - 7 May 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||23.33|
Following the second implosion in two weeks of wireless tag technology pioneer Impinj (PI), I reached out to the company with some questions about what happened. The mood was fairly dour from analysts today, with many predicting the company will be in limbo for some time while it tries to restore credibility. While I think the collective stock decline -- a 53% drop since February 1 -- is a bit too much, I have to agree with that assessment. It's hard to have confidence at the present moment. As I wrote in this week’s Technology Trader column for Barron’s, I apologize to readers for the recommendation of the stock last May. The answers I received in email from the company today are interesting and informative.
Shares of wireless tag technology pioneer Impinj (PI) are down $2.98, or 22%, at $10.45, another giant plunge after its 44% crash two weeks ago, after the company yesterday afternoon offered up its formal report following its warning on February 1st that revenue would miss this quarter by a wide margin, and that its CFO would step down. The outlook for this quarter was slightly higher yesterday than it was two weeks ago, and the company emphasized it is not losing business to the competition, with CEO Chris Diorio saying “we also expect to at least maintain end user market share on a full year basis compared to 2017.” Some analysts two weeks ago mused the company might be losing ground to chip maker NXP Semiconductors (NXPI). RBC Capital’s Mitch Steves, reiterating a Sector Perform rating, and cutting his target to $14 from $17, writes that the elimination of the forecast of IC volumes, and the departure of the CFO, means that “long-term targets are now off the table." With gross margins declining (likely pricing pressure from NXPI), we think investors will wait until customers are announced and revenue growth returns before revisiting the stock.
On a per-share basis, the Seattle-based company said it had a loss of 45 cents. Losses, adjusted for non-recurring costs, came to 28 cents per share. The results fell short of Wall Street expectations. ...
Shares Impinj (PI), makers of so-called RFID technology used to tag and identify objects, are collapsing, down $10.28, or 45%, at$ 12.58, after it warned yesterday afternoon its revenue will miss expectations for this quarter by a wide margin, and its CFO, who’s been serving the company for 17 years, will leave the company to "pursue other opportunities." The analysts themselves today are not entirely certain what to make of the announcement, and that uncertainty is leading many to conclude that NXP Semiconductor (NPXI) has become more competitive. In its brief statement, the company attributed the shortfall to “shortened endpoint IC lead times.” That cryptic statement will be hopefully unpacked when the company full discusses its results on February 15th.
Holzer & Holzer, LLC is investigating whether Impinj, Inc. complied with the federal securities laws. On February 2, 2018, Impinj announced that it had experienced a reduction in endpoint backlog, which contributed to an expectation of first quarter revenue of between $20 and $22 million.
Shares of Impinj Inc. plunged 33% toward a record low in premarket trade Friday, after the company's disappointing outlook and announcement of the chief financial officer's departure prompted a downgraded ...
Shares of RF identification sensor technology maker Impinj (PI) are down $4.36, or 19%, at $18.50, in late trading, after the company this afternoon warned that its revenue for this quarter will fall short of its expectations, and that its CFO will leave the company. Impinj said Q1 revenue will be about $20 million to $22 million, well below the consensus for $29.6 million. Q4's revenue outlook was actually raised to a range of $29 million to $30 million, above the prior outlook for $28.25 million to $29.75 million that it had offered, and above consensus for $28.9 million.
SAN FRANCISCO (Reuters) - Shares of radio-frequency identification (RFID) chipmaker Impinj Inc pared gains on Monday after Amazon.com Inc said its new checkout-free grocery store, which opened to the public ...
NEW YORK, Jan. 22, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Editas Medicine, Inc. (NASDAQ:EDIT), Impinj, Inc. (NASDAQ:PI), Neos Therapeutics, Inc. (NASDAQ:NEOS), Nordson Corporation (NASDAQ:NDSN), National Western Life Group, Inc. (NASDAQ:NWLI), and Square, Inc. (NYSE:SQ), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.
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Impinj, Inc. (NASDAQ:PI), a leading provider and pioneer of RAIN RFID solutions for identifying, locating and authenticating everyday items, today announced it will release financial results for its fourth quarter and year ended Dec. 31, 2017 after U.S. markets close on Thursday, Feb. 15, 2018. Impinj will host a conference call and webcast for analysts and investors to discuss its fourth quarter and year-end 2017 results as well as its outlook for its first quarter of 2018 at 5:00 p.m. ET / 2:00 p.m. PT. Management’s prepared written remarks, along with quarterly financial data for the last eight quarters, will be made available on the company’s website at investor.impinj.com at least 30 minutes before the conference call, and commensurate with the release of Impinj’s fourth quarter and year-end 2017 financial results.
Impinj, Inc. (NASDAQ:PI), a leading provider and pioneer of RAIN RFID solutions, today announced Jeff Dossett will lead sales, marketing and business development as executive vice president. “Impinj is helping retail, healthcare and supply-chain companies worldwide increase efficiencies, drive sales and enhance customer engagement,” said Chris Diorio, Impinj’s CEO.
Impinj, Inc. (NASDAQ:PI), a leading provider and pioneer of RAIN RFID solutions, today announced it shipped its 25 billionth Monza endpoint IC, including 7.1 billion in 2017 alone. Impinj’s vision is to deliver digital life to everyday items such as retail apparel, medical supplies, luggage, automobile parts and more, extending the reach of the Internet by a factor of 1,000.
Impinj, Inc. (PI) has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and year.
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