Identiv (NASDAQ:INVE – Get Free Report) posted its quarterly earnings data on Wednesday. The technology company reported ($0.11) earnings per share for the quarter, beating 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 analysts’ expectations 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 business posted $0.02 earnings per share. Identiv updated its Q1 2025 guidance to EPS.
Identiv Stock Performance
Identiv stock traded down $0.12 during midday trading on Thursday, hitting $3.35. 81,966 shares of the company’s stock were exchanged, compared to its average volume of 45,670. The company has a market cap of $80.01 million, a PE ratio of 1.09 and a beta of 1.34. The firm has a 50-day moving average of $3.61 and a two-hundred day moving average of $3.63. Identiv has a 12 month low of $2.95 and a 12 month high of $8.89.
Identiv announced that its board has authorized a share buyback program on Thursday, November 7th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows 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 shares are undervalued.
Analyst Ratings Changes
View Our Latest Report on Identiv
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.
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