Identiv (NASDAQ:INVE – Get Free Report) issued its quarterly earnings data on Wednesday. The technology company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.14, RTT News reports. Identiv had a negative return on equity of 20.60% and a net margin of 113.62%. The firm had revenue of $6.70 million during the quarter, compared to analysts’ expectations of $6.12 million. During the same period in the prior year, the business posted $0.02 EPS. Identiv updated its Q1 2025 guidance to EPS.
Identiv Price Performance
Shares of NASDAQ:INVE opened at $3.14 on Thursday. The business’s 50 day simple moving average is $3.61 and its 200-day simple moving average is $3.63. The firm has a market capitalization of $75.05 million, a price-to-earnings ratio of 1.08 and a beta of 1.34. Identiv has a 12 month low of $2.95 and a 12 month 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 report on Monday, November 11th.
Identiv declared that its Board of Directors has authorized a share buyback program on Thursday, November 7th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the technology company to buy up to 11.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
About Identiv
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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