Ultime notizie per Identiv (NASDAQ:INVE) Azioni

Identiv

Identiv Inc is a security technology company. It secures and manages access to physical places, things, and information. The company has two reportable segments namely the Premises segment which includes solutions to address the premises security market for government and enterprise, including access control, video surveillance, analytics, customer experience, and other applications. Its Identity segment includes products and solutions enabling secure access to information serving the logical access and cyber security market and protecting assets and objects in the IoT with RFID. Geographically, it generates maximum revenue from the Americas and also has a presence in Europe and the Middle East, and Asia-Pacific. The company derives the majority of revenue from the Identity segment.

Identiv Inc

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<a href="https://hirschsecure.com/">Hirsch</a>, a global security technology leader advancing physical security, video intelligence, cybersecurity, and digital identification solutions, announces the relaunch of its iconic brand and strengthened focus on the industry's most complete high-security, end-to-end platform. This milestone follows the <a href="https://www.identiv.com/iot/resources/press-releases/identiv-announces-security-business-asset-sale-transaction-receives-cfius-clearance">purchase of Identiv's physical and cybersecurity business units by Vitaprotech</a>, positioning Hirsch as the global leader in physical security, video intelligence, and identity solutions, protecting everything from small enterprises to critical national infrastructure.

News

INVE

Hirsch Relaunches Brand with Focus on End-to-End Security Solutions After Vitaprotech Acquisition

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.identiv.com%2F&amp;esheet=54110529&amp;newsitemid=20240819905104&amp;lan=en-US&amp;anchor=Identiv%2C+Inc.&amp;index=1&amp;md5=c6dea2ee72c5d9f3179e8172397d054a">Identiv, Inc.</a> (NASDAQ:<a href="https://www.benzinga.com/stock/INVE#NASDAQ">INVE</a>), a global digital security and identification leader in the Internet of Things (IoT), today announced that the Committee on Foreign Investment in the United States ("CFIUS") has approved the Company's transaction to sell its physical security, access card, and identity reader operations and assets (the "Physical Security Business") to Vitaprotech, a security solutions provider.
Identiv submitted notice of the proposed transaction to the U.S. government on May 9, 2024. Pursuant to Section 721 of the Defense Production Act of 1950, as amended, CFIUS reviewed the transaction. On August 15, 2024, Identiv received notification of approval from the Department of Treasury, on behalf of the Committee on Foreign Investment in the United States. CFIUS determined that there were no unresolved national security concerns; therefore, action under Section 721 with respect to the transaction was concluded.
Having met all regulatory requirements and received shareholder approval of the transaction, all regulatory and statutory conditions for closing have been satisfied. Both parties are now proceeding to close the transaction promptly. Based on the anticipated time needed to complete the actions required to close, Identiv and Vitaprotech expect to close the transaction within 30 days following CFIUS approval.
Upon closing of the transaction, Identiv will receive a cash payment of $145 million, subject to customary adjustments. The proceeds from the sale will significantly strengthen Identiv's financial position, providing capital to pursue growth opportunities for its specialty IoT solutions business.

Government

Regulations

Asset Sales

Identiv Moves Forward with $145M Security Asset Sale Following US Government Clearance

B. Riley Securities analyst Craig Ellis maintains Identiv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVE#NASDAQ">INVE</a>) with a Buy and lowers the price target from $9.5 to $8.5.

Price Target

Analyst Ratings

B. Riley Securities Maintains Buy on Identiv, Lowers Price Target to $8.5

WIIM

Identiv shares are trading lower after the company reported worse-than-expected Q2 EPS results. Also, Craig-Hallum maintained a Buy rating on the stock but lowered its price target from $8 to $6.

Craig-Hallum analyst Anthony Stoss maintains Identiv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVE#NASDAQ">INVE</a>) with a Buy and lowers the price target from $8 to $6.

Craig-Hallum Maintains Buy on Identiv, Lowers Price Target to $6

If the asset sale transaction has not closed by the end of the&nbsp;third quarter&nbsp;of 2024 as anticipated, then management expects total revenue from continuing operations and revenue included in discontinued operations to be in the range of&nbsp;$24 million&nbsp;to&nbsp;$26 million.

Guidance

Identiv Currently Expects Q3 Revenue From Continuing Operations Of $5.8M - $6.1M

Identiv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVE#NASDAQ">INVE</a>) reported quarterly losses of $(0.31) per share which missed the analyst consensus estimate of $(0.14) by 121.43 percent. The company reported quarterly sales of $24.333 million which beat the analyst consensus estimate of $24.000 million by 1.39 percent. This is a 17.67 percent decrease over sales of $29.555 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Identiv Q2 2024 GAAP EPS $(0.31) Misses $(0.14) Estimate, Sales $24.333M Beat $24.000M Estimate

Identiv (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inve#NASDAQ">INVE</a>) recently collaborated with Omnilert to combine Omnilert Gun Detect and INVE&#39;s Velocity Vision Ecosystem. This collaboration is aimed at curbing the frequency of gun violence in the United States. Identiv will also become the reseller of Omnilert Gun Detect.
Omnilert Gun Detect and Velocity Vision Ecosystem integrate seamlessly to ensure proactive gun detection with the use of artificial intelligence. Notably, AI will be used for monitoring the videos recorded throughout the premises and responding with proper safety measures once a weapon is detected.
The velocity vision ecosystem can be scaled to integrate 1,000 devices and supports more than 8,500 models of camera. The ecosystem also operates over a range of platforms, including on-premises, cloud, hybrid and mobile.
With this new offering, INVE will be able to expand its customer base among schools, hospitals, retail stores, public spaces, corporate offices and factories. This partnership might also become one of the factors that could aid in recovering its Premises segment, which accounts for the Velocity single-pane solution, Velocity Vision video and VisionAI. Net revenues of INVE&#39;s Premises segment declined 14.7% year over year in the first quarter of 2024.
<div class="chart_embed">
<h3>Identiv, Inc. Price and Consensus</h3>
<h3><img alt="Identiv, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/b2/1721041745.png" style="height:282px; width:610px" title="" /></h3>
Identiv, Inc. price-consensus-chart | Identiv, Inc. Quote
</div>
<h3>Near-Term Headwinds</h3>
Although Identiv&#39;s Premises segment has the competitive advantage of having the technical know-how, end-to-end product line and customization, the segment relies heavily on the federal government&#39;s budget allocation. In recent times, INVE was affected by the headwinds from the federal government&#39;s budgetary uncertainty that continued till March 2024.
Identiv is also experiencing softness in its Identity segment due to weakness in RFID-enabled IoT products, mainly Lilly. Lower IT spending among larger enterprises due to the weakening of the global economy amid ongoing macroeconomic uncertainties is also a reason. INVE also faces stiff competition in the RFID market from industry giants like Avery Dennison Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/avy#NYSE">AVY</a>), IMPINJ Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pi#NASDAQ">PI</a>) and Honeywell International (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hon#NASDAQ">HON</a>).
Avery International&#39;s Smartrac division and IMPINJ are expanding the market share of their RFID offerings in apparel, beauty, aviation, automotive and pharmaceutical space. Honeywell International, on the other hand, covers healthcare, food packaging and airline baggage space with its RFID tags and handheld technology.
These negative factors acting against Identiv have reduced investors&#39; confidence on the stock. Shares of INVE have plunged 49% year to date compared with the Zacks Computer Peripheral Equipment industry&#39;s decline of 21.2%.
<h3>Conclusion</h3>
Although Identiv is investing in multiple capabilities to get a competitive advantage in the long run, the company faces several near-term challenges. The Zacks Consensus Estimate for INVE&#39;s second-quarter 2024 revenues is pegged at $24 million, indicating a decline of 18.81% year over year.
The Zacks Consensus Estimate for second-quarter 2024 loss per share has been widened from 12 cents to 24 cents in the past 90 days.
Identiv carries a Zacks Rank #3 (Hold) at present.
<a href="https://www.zacks.com/stock/news/2301559/identiv-inve-teams-up-with-omnilert-to-curb-gun-violence?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2301559">To read this article on Zacks.com click here.</a>

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Trading Ideas

Identiv Teams Up With Omnilert to Curb Gun Violence

Contracts

General

Identiv Partners With Omnilert To Become A Reseller Of Omnilert Gun Detect, Integrating Its Advanced Gun Detection Capabilities Into The Velocity Vision Ecosystem To Significantly Enhance Safety Monitoring

Achieving ISO certification is a major milestone for a facility that has been in operation for less than 12 months. These certifications from the International Standards Organization (ISO) confirm that Identiv&#39;s operations in Thailand meet the rigorous requirements for both quality and environmental responsibility across its materials, products, processes, and services. Further, the strong industry expertise of Identiv&#39;s operations team facilitated the accelerated timeline for earning ISO certification. Identiv&#39;s Singapore facility recently renewed its ISO 9001 and ISO 14001 certifications through 2026.

Identiv's Thailand Production Plant Awarded ISO 9001 And ISO 14001 Certifications

Craig-Hallum analyst Anthony Stoss maintains Identiv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVE#NASDAQ">INVE</a>) with a Buy and lowers the price target from $9 to $8.

Craig-Hallum Maintains Buy on Identiv, Lowers Price Target to $8

Identiv Sees Q2 2024 Revneue $23M-$25M Vs $27.150M Est.

Identiv Currently Expects Q2 Total Company Net Revenues Of $23M-$25M (Est $27.15M), With Normal Seasonality Expected To Continue

Identiv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVE#NASDAQ">INVE</a>) reported quarterly losses of $(0.21) per share which missed the analyst consensus estimate of $(0.14) by 50 percent. This is a 61.54 percent decrease over losses of $(0.13) per share from the same period last year. The company reported quarterly sales of $22.494 million which missed the analyst consensus estimate of $23.000 million by 2.20 percent. This is a 13.47 percent decrease over sales of $25.997 million the same period last year.

Identiv Q1 2024 GAAP EPS $(0.21) Misses $(0.14) Estimate, Sales $22.494M Miss $23.000M Estimate

<h3>Gainers</h3>
<ul>
<li>XTI Aerospace (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTIA#NASDAQ">XTIA</a>) shares increased by 20.7% to $4.23 during Wednesday's regular session. The market value of their outstanding shares is at $41.3 million. </li>
<li>Next Technology Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTT#NASDAQ">NXTT</a>) shares increased by 18.18% to $4.81. The company's market cap stands at $12.6 million. </li>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) shares rose 13.48% to $3.62. The company's market cap stands at $21.5 million. </li>
<li>Sequans Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) shares moved upwards by 12.42% to $0.43. The market value of their outstanding shares is at $26.6 million. </li>
<li>CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) shares moved upwards by 12.04% to $5.02. The company's market cap stands at $76.5 million. </li>
<li>GSI Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSIT#NASDAQ">GSIT</a>) shares increased by 12.04% to $5.18. The company's market cap stands at $130.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Casa Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASA#NASDAQ">CASA</a>) stock declined by 80.7% to $0.05 during Wednesday's regular session. The market value of their outstanding shares is at $4.9 million. </li>
<li>Moatable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTBL#NYSE">MTBL</a>) stock declined by 27.52% to $0.47. The company's market cap stands at $7.5 million. </li>
<li>Locafy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCFY#NASDAQ">LCFY</a>) stock declined by 21.06% to $3.75. The market value of their outstanding shares is at $4.7 million. The company's, Q2 earnings came out yesterday. </li>
<li>Identiv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVE#NASDAQ">INVE</a>) shares declined by 18.05% to $6.92. The company's market cap stands at $161.5 million. </li>
<li>Meta Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMAT#NASDAQ">MMAT</a>) stock declined by 12.16% to $3.47. The market value of their outstanding shares is at $22.2 million. </li>
<li>Zenvia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENV#NASDAQ">ZENV</a>) stock declined by 10.43% to $2.36. The company's market cap stands at $119.5 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

CASA

CXAI

GSIT

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

LCFY

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MTBL

Next Technology Holding Inc. - Ordinary Shares

NXTT

SQNS

XTIA

ZENV

12 Information Technology Stocks Moving In Wednesday's Intraday Session

Identiv shares are trading lower. The stock initially gained after the company announced an asset purchase agreement with Vitaprotech, but it has since reversed.

Identiv shares are trading higher after the company entered an agreement to sell its physical security, access card, and identity reader operations and assets to Vitaprotechfor $145 million.

Identiv Announces Asset Purchase Agreement With Security Solutions Provider Vitaprotech For $145M

B. Riley Securities analyst Craig Ellis maintains Identiv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVE#NASDAQ">INVE</a>) with a Buy and lowers the price target from $10 to $9.5.

B. Riley Securities Maintains Buy on Identiv, Lowers Price Target to $9.5

<h3>Gainers</h3>
<ul>
<li>Minim (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MINM#NASDAQ">MINM</a>) shares moved upwards by 39.3% to $6.98 during Wednesday's pre-market session. The market value of their outstanding shares is at $20.1 million. </li>
<li>Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) shares rose 16.66% to $2.17. The company's market cap stands at $141.7 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) stock increased by 16.15% to $5.68. The market value of their outstanding shares is at $33.7 million. </li>
<li>MariaDB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRDB#NYSE">MRDB</a>) shares moved upwards by 11.3% to $0.31. The company's market cap stands at $20.8 million. </li>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) stock increased by 9.4% to $1.28. The company's market cap stands at $8.0 million. </li>
<li>CISO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISO#NASDAQ">CISO</a>) shares moved upwards by 8.03% to $1.21. The market value of their outstanding shares is at $218.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Luna Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) stock fell 23.3% to $4.8 during Wednesday's pre-market session. The market value of their outstanding shares is at $166.5 million. </li>
<li>ReAlpha Tech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) shares declined by 16.25% to $1.34. The market value of their outstanding shares is at $59.1 million. </li>
<li>Bit Origin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOG#NASDAQ">BTOG</a>) stock decreased by 15.35% to $4.47. The market value of their outstanding shares is at $28.1 million. </li>
<li>Socket Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCKT#NASDAQ">SCKT</a>) stock decreased by 9.81% to $0.92. The market value of their outstanding shares is at $6.7 million. </li>
<li>Identiv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVE#NASDAQ">INVE</a>) stock fell 8.71% to $6.5. The company's market cap stands at $150.6 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock declined by 6.26% to $9.75. The market value of their outstanding shares is at $76.7 million. As per the news, the Q4 earnings report came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Wednesday's Pre-Market Session

Identive Q2 2024 Earnings Preview

Identive GAAP EPS of -$0.27 misses by $0.08, revenue of $24.3M beats by $0.3M

Identiv, Inc. (INVE) Q2 2024 Earnings Call Transcript

Identiv, Inc. 2024 Q2 - Results - Earnings Call Presentation

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Identiv (NASDAQ:<a href="https://investorplace.com/stock-quotes/inve-stock-quote/">INVE</a>) just reported results for the second quarter of 2024.<ul><li>Identiv reported earnings per share of -31 cents. This was below the analyst estimate for EPS of -19 cents.</li><li>The company reported revenue of $24.33 million.</li><li>This was 1.39% better than the analyst estimate for revenue of $24.00 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/inve-stock-earnings-identiv-for-q2-of-2024/">INVE Stock Earnings: Identiv Misses EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

INVE Stock Earnings: Identiv Misses EPS, Beats Revenue for Q2 2024

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Lake Street analyst Jaeson Schmidt assigned a Buy rating to Identiv (INVE – Research Report) today and set a price target of $7.00. The company's s...

Lake Street Issues a Buy Rating on Identiv (INVE)

Craig-Hallum analyst Anthony Stoss maintained a Buy rating on Identiv (INVE – Research Report) today. The company's shares closed last Friday at $3...

Identiv (INVE) Gets a Buy from Craig-Hallum

Lake Street analyst Jaeson Schmidt maintained a Buy rating on Identiv (INVE – Research Report) today and set a price target of $7.00. The company's...

Lake Street Reaffirms Their Buy Rating on Identiv (INVE)

The latest announcement is out from Identiv ( ($INVE) ). Identiv, Inc. finalized the sale of its security operations to Hawk Acquisition, Inc., rec...

Identiv Restructures with Asset Sale and Leadership Changes

FIVN

MITK

Press Releases

Identiv Sets First Quarter 2024 Earnings Call for Wednesday, May 8, 2024 at 5:00 PM EDT

Identiv Reports First Quarter 2024 Financial Results

Identiv's Thailand Production Facility Achieves ISO 9001:2015 and ISO 14001:2015 Certifications

Identiv Announces Stockholder Approval of Transaction with Security Solutions Provider Vitaprotech

Identiv Announces Strategic Partnership with Omnilert to Enhance Safety with Advanced Gun Detection Technology

Identiv Sets Second Quarter 2024 Earnings Call for Thursday, August 8, 2024, at 5:00 PM EDT

Identiv Reports Second Quarter 2024 Financial Results

Identiv Announces Security Business Asset Sale Transaction Receives CFIUS Clearance

Identiv Completes Sale of its Physical Security Business

Identiv Sets Third Quarter 2024 Earnings Call for Thursday, November 7, 2024, at 5:00 PM EST

B. Riley Securities

Craig-Hallum

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Identiv

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Ultime notizie per Identiv (NASDAQ:INVE) Azioni

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