Identiv (NASDAQ:INVE) Posts Earnings Results, Beats Expectations By $0.14 EPS

Identiv (NASDAQ:INVE) announced its quarterly earnings data on Wednesday. The technology company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.14, RTT News reports. The business had revenue of $6.70 million for the quarter, compared to analyst estimates of $6.12 million. Identiv had a net margin of 113.62% and a negative return on equity of 20.60%. During the same quarter in the previous year, the firm posted $0.02 earnings per share. Identiv updated its Q1 2025 guidance to EPS.

Identiv Trading Down 3.9 %

Shares of Identiv stock traded down $0.14 during trading on Thursday, hitting $3.34. 94,387 shares of the stock were exchanged, compared to its average volume of 45,814. The company has a fifty day moving average price of $3.61 and a 200-day moving average price of $3.63. The stock has a market capitalization of $79.66 million, a price-to-earnings ratio of 1.09 and a beta of 1.34. Identiv has a 1-year low of $2.95 and a 1-year high of $8.89.

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

Wall Street Analysts Forecast Growth

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

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.