Piper Jaffray Downgrades Impinj Inc (PI) to Neutral

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Impinj Inc (PI) PT Lowered to $29 at Morgan Stanley

November 2, 2017 9:01 AM EDT

Morgan Stanley lowered its price target on Impinj Inc (NASDAQ: PI) to $29.00 (from $37.00) while maintaining a Equalweight rating.

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Impinj (PI) Misses Q3 EPS by 5c, Revenues Yn-Line; Offers Q4 EPS/Revenue Outlook

November 1, 2017 5:00 PM EDT

Impinj (NASDAQ: PI) reported Q3 EPS of ($0.08), $0.05 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $32.6 million versus the consensus estimate of $32.58 million.

Third Quarter 2017 Financial Summary

Revenue grew 5% year-over-year to $32.6 millionGAAP gross margin of 52.1%; non-GAAP... More