Identiv (INVE) to Release Earnings on Thursday

Identiv (NASDAQ:INVE - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.26) per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Identiv (NASDAQ:INVE - Get Free Report) last announced its earnings results on Thursday, August 8th. The technology company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.05). Identiv had a negative return on equity of 18.44% and a negative net margin of 13.77%. The business had revenue of $6.74 million during the quarter, compared to analyst estimates of $24.00 million. On average, analysts expect Identiv to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Identiv Stock Down 1.1 %

INVE stock traded down $0.04 during midday trading on Thursday, reaching $3.54. 36,119 shares of the company's stock traded hands, compared to its average volume of 84,147. The company has a 50-day simple moving average of $3.50 and a two-hundred day simple moving average of $3.97. Identiv has a 1-year low of $2.95 and a 1-year high of $9.24. The company has a market cap of $83.11 million, a price-to-earnings ratio of -6.19 and a beta of 1.35.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on INVE. B. Riley cut their price target on Identiv from $9.50 to $8.50 and set a "buy" rating for the company in a report on Friday, August 9th. StockNews.com lowered shares of Identiv from a "hold" rating to a "sell" rating in a research report on Friday, August 9th. Finally, Craig Hallum lowered their price target on shares of Identiv from $8.00 to $6.00 and set a "buy" rating for the company in a report on Friday, August 9th.

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.