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Identiv (INVE) Stock Sinks As Market Gains: What You Should Know

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Identiv (INVE - Free Report) closed at $5.68 in the latest trading session, marking a -1.9% move from the prior day. This change lagged the S&P 500's 0.64% gain on the day. Elsewhere, the Dow gained 0.7%, while the tech-heavy Nasdaq added 0.91%.

Coming into today, shares of the security technology company had gained 11.34% in the past month. In that same time, the Computer and Technology sector gained 5.39%, while the S&P 500 gained 4.16%.

Investors will be hoping for strength from INVE as it approaches its next earnings release, which is expected to be March 7, 2019. In that report, analysts expect INVE to post earnings of $0.02 per share. This would mark year-over-year growth of 114.29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $20.52 million, up 23.91% from the year-ago period.

Investors should also note any recent changes to analyst estimates for INVE. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. INVE is holding a Zacks Rank of #3 (Hold) right now.

The Computer - Peripheral Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 154, putting it in the bottom 40% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

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