Profile
Sector:
TechnologyIndustry:
Communication EquipmentCountry:
United StatesIPO:
21 July 2016Website:
http://www.impinj.comNext earnings report:
26 July 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Mon, 01 Jul 2024 21:16:42 GMTDividend
Analysts recommendations
Institutional Ownership
PI Latest News
The Russell 2000 Index comprises primarily small-cap stocks, with some mid-cap stocks included prior to its annual reconstitution on June 28. The Russell 2000 is a great index for finding smaller companies that could become strong portfolio additions for investors.
SEATTLE--(BUSINESS WIRE)--Impinj to Participate in Baird 2024 Global Consumer, Technology & Services Conference.
Does Impinj (PI) have what it takes to be a top stock pick for momentum investors? Let's find out.
Impinj Inc., a provider of IoT technology, is benefitting from a growing trend towards global connectivity. The company, a leader in the computer and technology sector, produces RAIN RFID tag chips and offers a cloud connectivity platform.
Impinj stock surged by almost 28% to hit a record high following better-than-expected earnings. The company's forecast for the upcoming quarter surpasses analyst predictions by a significant margin.
Impinj's shares rose by 20% on Thursday after the company reported its first quarter earnings.
Impinj, Inc. (PI) First Quarter 2024 Earnings Call Transcript
Impinj (PI) reported earnings of $0.21 per share for the quarter, exceeding the Zacks Consensus Estimate of $0.10 per share. This is lower than the earnings of $0.30 per share reported in the same quarter last year.
Impinj (PI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
The stock began rallying in mid-January and picked up steam on February 9 after the company beat fourth-quarter views and raised its guidance on the Impinj chart. The stock is still climbing out of a steep consolidation that began in April 2023 after the company issued disappointing revenue guidance.
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What type of business is Impinj?
Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform, which comprises multiple product families, wirelessly connects individual items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item. Its platform also consists of systems products that comprise reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enables its partners to deliver use cases, such as retail self-checkout and loss prevention, and warehouse pallet and carton tracking to end-users. The company primarily serves retail, supply chain and logistics, aviation, automotive, healthcare, industrial and manufacturing, sports, food, datacenter, travel, banking, and linen and uniform tracking sectors through distributors, system integrators, value-added resellers, and software solution partners. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington.
What sector is Impinj in?
Impinj is in the Technology sector
What industry is Impinj in?
Impinj is in the Communication Equipment industry
What country is Impinj from?
Impinj is headquartered in United States
When did Impinj go public?
Impinj initial public offering (IPO) was on 21 July 2016
What is Impinj website?
https://www.impinj.com
Is Impinj in the S&P 500?
No, Impinj is not included in the S&P 500 index
Is Impinj in the NASDAQ 100?
No, Impinj is not included in the NASDAQ 100 index
Is Impinj in the Dow Jones?
No, Impinj is not included in the Dow Jones index
When does Impinj report earnings?
The next expected earnings date for Impinj is 26 July 2024