Identiv (INVE) Projected to Post Earnings on Wednesday

Identiv (NASDAQ:INVE) is anticipated 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 are interested in registering for the company’s earnings conference call can do so using this link.

Identiv Trading Up 1.1 %

INVE stock opened at $3.55 on Wednesday. The company’s 50 day moving average is $3.62 and its 200 day moving average is $3.62. The stock has a market cap of $84.79 million, a price-to-earnings ratio of 1.16 and a beta of 1.34. Identiv has a 1-year low of $2.95 and a 1-year high of $9.24.

Identiv declared that its board has approved a share buyback program on Thursday, November 7th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 11.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of 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.