Identiv (INVE) Scheduled to Post Earnings on Thursday

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Identiv (NASDAQ:INVE) is scheduled to release its earnings data after the market closes on Thursday, November 8th. Analysts expect Identiv to post earnings of ($0.03) per share for the quarter.

Identiv (NASDAQ:INVE) last issued its quarterly earnings results on Thursday, August 9th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). The business had revenue of $20.29 million for the quarter, compared to analysts’ expectations of $17.31 million. Identiv had a negative return on equity of 28.82% and a negative net margin of 15.40%. On average, analysts expect Identiv to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of INVE stock opened at $6.05 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.49 and a quick ratio of 1.08. Identiv has a 12-month low of $2.55 and a 12-month high of $6.70.

INVE has been the topic of several research reports. Zacks Investment Research downgraded Identiv from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Roth Capital assumed coverage on Identiv in a research report on Wednesday, August 1st. They set a “buy” rating and a $9.00 price objective on the stock. ValuEngine upgraded Identiv from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 16th. Lake Street Capital started coverage on Identiv in a research note on Tuesday, September 4th. They set a “buy” rating and a $9.00 target price for the company. Finally, Northland Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Identiv in a research note on Sunday, August 12th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $7.90.

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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.

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Earnings History for Identiv (NASDAQ:INVE)

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