Identiv (INVE) to Release Quarterly Earnings on Wednesday

Identiv (NASDAQ:INVE) is projected to release 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 that wish to register for the company’s earnings conference call can do so using this link.

Identiv Stock Up 1.1 %

NASDAQ INVE opened at $3.55 on Wednesday. The firm has a market cap of $84.79 million, a P/E ratio of 1.16 and a beta of 1.34. The company’s 50 day moving average is $3.62 and its 200-day moving average is $3.62. Identiv has a 12-month low of $2.95 and a 12-month high of $9.24.

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

Analyst Ratings Changes

Separately, StockNews.com upgraded Identiv from a “sell” rating to a “hold” rating in a research report 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.