Intevac (IVAC) Earning Somewhat Positive News Coverage, Accern Reports

Media headlines about Intevac (NASDAQ:IVAC) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Intevac earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news headlines about the electronics maker an impact score of 46.4708784352807 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

IVAC remained flat at $$4.70 during trading on Friday. 26,665 shares of the company’s stock traded hands, compared to its average volume of 149,006. The firm has a market capitalization of $106.14 million, a P/E ratio of 27.65 and a beta of 0.80. Intevac has a 52 week low of $4.50 and a 52 week high of $9.50.

Intevac (NASDAQ:IVAC) last announced its earnings results on Monday, July 30th. The electronics maker reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.11. The company had revenue of $26.10 million during the quarter, compared to the consensus estimate of $24.75 million. Intevac had a negative net margin of 4.30% and a negative return on equity of 5.40%. During the same period last year, the firm earned $0.05 earnings per share. analysts anticipate that Intevac will post -0.25 EPS for the current year.

A number of equities analysts have recently issued reports on IVAC shares. ValuEngine downgraded shares of Intevac from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 29th. Noble Financial downgraded shares of Intevac from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Zacks Investment Research upgraded shares of Intevac from a “sell” rating to a “hold” rating in a research note on Saturday, June 9th. Maxim Group downgraded shares of Intevac from a “buy” rating to a “hold” rating and lowered their target price for the company from $12.00 to $6.50 in a research note on Tuesday, May 1st. Finally, B. Riley downgraded shares of Intevac from a “buy” rating to a “neutral” rating and lowered their target price for the company from $11.50 to $6.50 in a research note on Tuesday, May 1st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Intevac currently has an average rating of “Hold” and a consensus target price of $5.83.

About Intevac

Intevac, Inc provides vacuum deposition equipment for various thin-film applications, and digital night-vision technologies and products to the defense industry in the United States, Asia, Europe, and internationally. It operates in two segments, Thin-Film Equipment and Photonics. The Thin-film Equipment segment designs, manufactures, markets, and services disk sputtering, etch and deposition, and disk lubrication systems; and offers upgrades, spares, and consumables, as well as provides process and applications support, customer training, installation, start-up assistance, and post-installation support services.

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