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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Identiv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVE#NASDAQ">INVE</a>) reported quarterly losses of $(0.25) per share which met the analyst consensus estimate. The company reported quarterly sales of $6.532 million which beat the analyst consensus estimate of $5.950 million by 9.78 percent. This is a 44.32 percent decrease over sales of $11.732 million the same period last year.

Earnings

Earnings Beats

News

INVE

Identiv Q3 2024 Adj. EPS $(0.25), Inline, Sales $6.532M Beat $5.950M Estimate

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fidentiv.com&amp;esheet=54148677&amp;newsitemid=20241107448252&amp;lan=en-US&amp;anchor=Identiv%2C+Inc&amp;index=1&amp;md5=7038f21113fe10c77c0bb35b935bf53b">Identiv, Inc</a><a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fidentiv.com&amp;esheet=54148677&amp;newsitemid=20241107448252&amp;lan=en-US&amp;anchor=.&amp;index=2&amp;md5=99b6eaee914a3599ca5133f57d2023b0">.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVE#NASDAQ">INVE</a>), a global leader in RFID-enabled Internet of Things (IoT) solutions, today announced that its Board of Directors has authorized a stock repurchase program for up to $10 million of its common stock. The Company also announced its Board of Directors intends to propose changes to the Company's corporate governance policies in advance of the 2025 annual meeting of stockholders.

Buybacks

Identiv Announces $10M Stock Repurchase Program

Identiv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVE#NASDAQ">INVE</a>) sees Q4 sales of $6.000 million-6.300 million vs $5.95 million estimate.

Guidance

Identiv Sees Q4 Sales $6.000M-6.300M vs $5.95M Est

Tech

General

On November 6, Identiv, In Collaboration With NFC Forum, STMicroelectronics, And Boardpusher, Will Host An Exclusive Webinar Focused On The Critical Role Of NFC Technology In Advancing Sustainability Efforts And Implementing The Digital Product Passport

<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.

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.

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 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>

Penny Stocks

Small Cap

Events

Markets

Trading Ideas

Identiv Teams Up With Omnilert to Curb Gun Violence

Contracts

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

MMAT

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.

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Identiv announces $10M stock buyback, proposes governance enhancements

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Identiv reports Q3 EPS (40c), consensus (25c)

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Identiv, Inc. (INVE) Q3 2024 Earnings Call Transcript

Identive Group (INVE) has disclosed a new risk, in the Corporate Activity and Growth category. The Identive Group faces significant risks due to re...

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