How Impinj, Inc. Stock Fell 25.4% in November
Shares of RAIN RFID specialist Impinj (NASDAQ: PI) fell 25.4% in November 2017, according to data from S&P Global Market Intelligence. The stock plunged as much as 35% lower in a single day, following the release of a disappointing earnings report.
In the third quarter, Impinj's top-line sales rose 5% year over year to land at $32.6 million. The year-ago period's adjusted net profit of $0.10 per share turned into a $0.08 loss per share. The sales performance was in line with Wall Street's projections, but analysts had been looking for a smaller loss of $0.03 per share. Guidance for the next quarter also fell far short of the Street's expectations at the time.
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Source: Fool.com
Impinj Inc Stock
€155.00
-1.540%
With 15 Buy predictions and not the single Sell prediction the community is currently very high on Impinj Inc.
With a target price of 166 € there is a slightly positive potential of 7.1% for Impinj Inc compared to the current price of 155.0 €.
