Identiv (INVE) Scheduled to Post Earnings on Wednesday

Identiv (NASDAQ:INVE) is scheduled to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. Identiv has set its Q1 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Identiv (NASDAQ:INVE) last announced its quarterly earnings results on Tuesday, March 12th. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Identiv had a negative net margin of 4.72% and a negative return on equity of 7.39%. The firm had revenue of $28.99 million for the quarter, compared to the consensus estimate of $30.00 million. On average, analysts expect Identiv to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Identiv Price Performance

Shares of Identiv stock opened at $5.00 on Monday. The stock has a 50 day moving average of $6.76 and a 200 day moving average of $7.14. Identiv has a 12 month low of $4.72 and a 12 month high of $9.26.

Analyst Ratings Changes

A number of equities analysts recently commented on INVE shares. B. Riley dropped their price target on Identiv from $10.00 to $9.50 and set a “buy” rating for the company in a research note on Wednesday, March 13th. StockNews.com upgraded Identiv from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th.

Identiv Company Profile

Identiv, Inc, a security technology company, that provides secure identification and physical security solutions that secure things, data, and physical places worldwide. It operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.