Today’s Research Reports on Stocks to Watch: Impinj and Zebra Technologies

NEW YORK, NY / ACCESSWIRE / May 9, 2018 / Shares of Impinj and Zebra Technologies were big winners in the market on Tuesday. Both companies exploded after turning in impressive first quarter results. Zebra shares even hit a new high as traders absorbed the beat.

RDI Initiates Coverage on:

Impinj, Inc.
https://rdinvesting.com/news/?ticker=PI

Zebra Technologies Corporation
https://rdinvesting.com/news/?ticker=ZBRA

Impinj, Inc. shares closed up a little over 28% on Tuesday on trading volume of over 3.3 million, significantly higher than usual 690,000 shares. The leading provider and pioneer of RAIN RFID solutions for locating and authenticating everyday items reported its first quarter financial results ended March 31st this week. For the quarter the company reported a GAAP net loss of $14.4 million, or a loss of 68 cents. Adjusted EBITDA loss was $7.1 million. Company CEO and co-founder, Chris Diorio remarked, “Based on team execution, enhanced partner inventory visibility and positive bookings trends. We believe we are on track to make the first half of 2018 the turning point for our business.” According to analyst Troy Jensen of Piper Jaffray, “the buildup in inventory that hung over the last few quarters is dissipating.” He noted, “Management said it believes the March quarter marks the low point for endpoint IC sales volumes and expects 15-20% growth in 2018 end-user consumption.” Jensen has an “overweight” rating on the stock and a $19 price target.

Access RDI’s Impinj, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=PI

Zebra Technologies Corporation shares closed up 11.46% on Tuesday with almost 1.4 million shares traded. The stock hit a brand new high of $157.18 during intra-day trading yesterday after announcing first quarter earnings and sales that beat expectations. The maker of asset tracking systems reported adjusted earnings of $2.56 a share, which was a growth of 87% YOY Analysts had been expecting only $2.06 a share. Sales of $977 million was a growth of 13% and also beat the $937 million that analysts were calling for. Looking ahead for the second quarter, the company has guided adjusted earnings of $2.20 a share, representing growth of 46% YOY. Sales are projected to be $990 million, a growth of 11%. Analysts were waiting for earnings of $2.11 and sales of $953 million. CEO Anders Gustafsson remarked, “Our first quarter results were driven by strong broad-based market demand for our solutions and excellent operational execution by our team. Given our sales and margin outperformance, we are raising our full-year outlook for sales growth, EBITDA (earnings before interest, taxes, depreciation and amortization) margin, and free cash flow. We continue to be laser focused on providing innovative solutions that give our customers a performance edge on the front lines of their business operations.”

Access RDI’s Zebra Technologies Corporation Research Report at:
https://rdinvesting.com/news/?ticker=ZBRA

Our Actionable Research on Impinj, Inc. (NASDAQ: PI) and Zebra Technologies Corporation (NASDAQ: ZBRA) can be downloaded free of charge at Research Driven Investing.

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