Identiv (INVE) to Release Quarterly Earnings on Wednesday

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

Identiv Price Performance

Shares of NASDAQ INVE opened at $3.57 on Tuesday. The firm has a fifty day moving average price of $3.62 and a 200-day moving average price of $3.63. The stock has a market cap of $85.27 million, a PE ratio of 1.17 and a beta of 1.34. Identiv has a 1 year low of $2.95 and a 1 year high of $9.05.

Identiv announced that its Board of Directors has initiated a share buyback program on Thursday, November 7th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 11.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

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

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.