$20.52 Million in Sales Expected for Identiv Inc (INVE) This Quarter
Wall Street analysts expect Identiv Inc (NASDAQ:INVE) to announce $20.52 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Identiv’s earnings, with estimates ranging from $19.94 million to $21.10 million. Identiv reported sales of $16.56 million during the same quarter last year, which indicates a positive year over year growth rate of 23.9%. The firm is scheduled to announce its next quarterly earnings results on Thursday, March 14th.
On average, analysts expect that Identiv will report full-year sales of $77.36 million for the current fiscal year, with estimates ranging from $76.78 million to $77.94 million. For the next financial year, analysts forecast that the business will report sales of $88.70 million, with estimates ranging from $88.13 million to $89.27 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for Identiv.
Several brokerages recently commented on INVE. Zacks Investment Research upgraded shares of Identiv from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Northland Securities reiterated a “buy” rating and issued a $10.00 target price on shares of Identiv in a report on Sunday, August 12th. Lake Street Capital began coverage on shares of Identiv in a report on Tuesday, September 4th. They issued a “buy” rating and a $9.00 target price on the stock. ValuEngine upgraded shares of Identiv from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 16th. Finally, Roth Capital began coverage on shares of Identiv in a report on Wednesday, August 1st. They issued a “buy” rating and a $9.00 target price on the stock. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $8.45.
INVE traded down $0.17 during trading on Friday, hitting $5.90. The stock had a trading volume of 28,700 shares, compared to its average volume of 33,380. The company has a market capitalization of $99.80 million, a PE ratio of -15.68 and a beta of 0.22. Identiv has a 12 month low of $2.84 and a 12 month high of $6.87. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.49 and a quick ratio of 1.08.
Identiv Company Profile
Identiv, Inc operates as a security technology company that secures and manages access to physical places, things, and information primarily in the Americas, Europe, the Middle-East, and the Asia-Pacific. Its Premises segment offers modular Hirsch MX controllers that allow customers to start with a small system and expand over time; Hirsch Velocity software platform for centralized management of access and security operations across an organization; federal identity, credential and acess management architecture, an access control system; TouchSecure door readers that provide various features to support security standards; and global services to support system design, deployment, and managed services across customers premises security lifecycle.
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