Identiv (NASDAQ:INVE – Get Free Report) released its quarterly earnings data on Wednesday. The technology company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.14, RTT News reports. Identiv had a net margin of 113.62% and a negative return on equity of 20.60%. The business had revenue of $6.70 million during the quarter, compared to analyst estimates of $6.12 million. During the same period in the previous year, the business earned $0.02 EPS. Identiv updated its Q1 2025 guidance to EPS.
Identiv Stock Performance
Shares of NASDAQ:INVE opened at $3.14 on Thursday. The firm’s 50 day simple moving average is $3.61 and its 200-day simple moving average is $3.63. The firm has a market cap of $75.05 million, a PE ratio of 1.08 and a beta of 1.34. Identiv has a one year low of $2.95 and a one year high of $8.89.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Identiv from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.
Identiv declared that its board has approved a share buyback program on Thursday, November 7th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 11.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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.
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