Identiv (INVE) to Release Quarterly Earnings on Wednesday

Identiv (NASDAQ:INVE) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, March 5th. Analysts expect the company to announce earnings of ($0.25) per share and revenue of $6.12 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Identiv Stock Down 2.7 %

Shares of Identiv stock opened at $3.57 on Tuesday. The company has a market cap of $85.27 million, a price-to-earnings ratio of 1.17 and a beta of 1.34. The company’s 50 day moving average is $3.62 and its 200 day moving average is $3.63. Identiv has a twelve month low of $2.95 and a twelve month high of $9.05.

Identiv declared that its board has authorized a stock buyback program on Thursday, November 7th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 11.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Identiv from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

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.