Identiv (NASDAQ:INVE) Releases Earnings Results, Beats Expectations By $0.03 EPS

Identiv (NASDAQ:INVE) issued its earnings results on Thursday. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.03, RTT News reports. Identiv had a negative return on equity of 0.41% and a negative net margin of 0.38%. The business had revenue of $23.03 million during the quarter, compared to analysts’ expectations of $25.32 million. During the same quarter in the previous year, the business earned ($0.02) EPS.

Identiv stock traded down $0.08 during midday trading on Friday, hitting $5.02. 92,700 shares of the company were exchanged, compared to its average volume of 28,722. The company has a market cap of $84.31 million, a PE ratio of -16.73 and a beta of 1.44. The company’s fifty day moving average price is $4.89 and its 200-day moving average price is $4.94. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.33 and a quick ratio of 0.93. Identiv has a fifty-two week low of $3.34 and a fifty-two week high of $6.87.

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A number of brokerages have recently issued reports on INVE. ValuEngine upgraded Identiv from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Northland Securities reissued a “buy” rating on shares of Identiv in a research report on Friday, August 9th. National Securities assumed coverage on Identiv in a research report on Tuesday, July 16th. They set a “buy” rating and a $8.00 price target on the stock. Imperial Capital reduced their price target on Identiv from $9.50 to $9.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Finally, Zacks Investment Research lowered Identiv from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $8.29.

Identiv Company Profile

Identiv, Inc operates as a security technology company that secures and manages access to physical places, things, and information primarily in the Americas, Europe, the Middle-East, and the Asia-Pacific. Its Premises segment offers modular Hirsch MX controllers that allow customers to start with a small system and expand over time; Hirsch Velocity software platform for centralized management of access and security operations across an organization; federal identity, credential and acess management architecture, an access control system; TouchSecure door readers that provide various features to support security standards; and global services to support system design, deployment, and managed services across customers premises security lifecycle.

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Earnings History for Identiv (NASDAQ:INVE)

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