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

Share on StockTwits

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

INVE stock traded down $0.08 during midday trading on Friday, hitting $5.02. The company’s stock had a trading volume of 92,700 shares, compared to its average volume of 28,722. Identiv has a 12 month low of $3.34 and a 12 month high of $6.87. The company has a current ratio of 1.33, a quick ratio of 0.93 and a debt-to-equity ratio of 0.14. The company has a market cap of $84.31 million, a PE ratio of -16.73 and a beta of 1.44. The firm’s 50-day moving average is $4.89 and its 200-day moving average is $4.94.

Several research firms recently weighed in on INVE. Northland Securities restated a “buy” rating on shares of Identiv in a research note on Friday, August 9th. National Securities assumed coverage on Identiv in a research report on Tuesday, July 16th. They issued a “buy” rating and a $8.00 price objective on the stock. Imperial Capital lowered their price objective on Identiv from $9.50 to $9.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Zacks Investment Research cut Identiv from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, ValuEngine raised Identiv from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus 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.

Read More: How To Calculate Debt-to-Equity Ratio

Earnings History for Identiv (NASDAQ:INVE)

Receive News & Ratings for Identiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Identiv and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Cogent Communications  Given New $61.00 Price Target at JPMorgan Chase & Co.
Cogent Communications Given New $61.00 Price Target at JPMorgan Chase & Co.
Identiv  Posts Quarterly  Earnings Results, Beats Expectations By $0.03 EPS
Identiv Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Party City Holdco  Releases Quarterly  Earnings Results, Misses Expectations By $0.29 EPS
Party City Holdco Releases Quarterly Earnings Results, Misses Expectations By $0.29 EPS
Diamondback Energy  Stock Rating Lowered by Oppenheimer
Diamondback Energy Stock Rating Lowered by Oppenheimer
Etherparty  Achieves Market Capitalization of $3.43 Million
Etherparty Achieves Market Capitalization of $3.43 Million
Experty One Day Trading Volume Reaches $23,335.00
Experty One Day Trading Volume Reaches $23,335.00


© 2006-2019 Ticker Report