Impinj Slashes Guidance Due To Customer Delays
RAIN radio-frequency identification solutions provider Impinj (NASDAQ: PI) reported its second-quarter results after the market closed on August 3. The company posted solid revenue growth and managed to keep adjusted earnings flat year-over-year, but its guidance for the third-quarter called for a dramatic slowdown, driven by a slashed outlook for full-year endpoint IC shipments. A few large customers have delayed expanded roll-outs, pushing revenue into the future and knocking down near-term guidance. Here's what investors need to know about Impinj's second-quarter report.
Metric
Q2 2017
Source: Fool.com
Impinj Inc Stock
€141.40
-2.270%
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 17.4% for Impinj Inc compared to the current price of 141.4 €.
