Impinj: Why Lower Growth Could Continue To Linger For A While

MarketGyrations3.89K FollowersFollow5ShareSavePlay(16min)CommentsSummaryImpinj fell to new lows after the latest report failed to provide the needed boost, but the charts suggest the decline is probably over in the short term.The latest results are not good enough if current valuations are to be justified, which means PI needs growth to accelerate.There are reasons to think growth could remain lower than it needs to be in the next three years, mostly as a result of the overall retail environment.The risk exists for further lows, even if the selloff is likely over in the short term, which is why I am neutral on PI with a hold rating. Sandwish/iStock via Getty Images Impinj (PI), a provider of RFID hardware and software solutions, was already heading down prior to the release of its latest earnings report on February 5, which is why it could have used a good Q4This article was written byMarketGyrations3.89K FollowersFollowWelcome to my author's site. As an avid follower of SeekingAlpha, I take great interest in articles posted as the subject matter is often something that appeals to me. However, I will sometimes encounter an article that I might not agree with. My purpose is to present an alternative view to readers that they may want to take into account. I hope you find my articles interesting and informative.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.