Streetbeat News

IVAC

Intevac, Inc.

https://www.intevac.com

Industry

Aerospace & Defense

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, and Europe. It designs, develops, and markets thin-film processing systems for hard disk drive media, display cover panel, solar photovoltaic cell, and advanced semiconductor packaging industries. The company sells its products through direct sales force and distributors. Intevac, Inc. was incorporated in 1990 and is headquartered in Santa Clara, California.

Open

3.35

Mkt cap

89M

Volume

26K

High

3.40

P/E Ratio

-9.46

52-wk high

4.57

Low

3.30

Div yield

N/A

52-wk low

3.23

Intevac (NASDAQ:IVAC) reported Q3 sales of $17.91 million, beating the analyst consensus estimate of $12.50 million by 43.32 percent. This represents a 66.65 percent increase over sales of $10.75 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:28 pm

Intevac (NASDAQ:IVAC) reported Q2 losses of $(0.19) per share, beating the analyst consensus estimate of $(0.21) by 9.52%. This is a 90% decrease over losses from the same period last year. The company also reported quarterly sales of $10.30 million, beating the analyst consensus estimate of $8.50 million by 21.19%. This is a 10.68% increase over sales from the same period last year.

Portfolio Pulse from vinayak@benzinga.com

August 04, 2023 | 12:13 pm

On Thursday, 109 companies set new 52-week lows. The largest company in terms of market cap to set a new 52-week low was Nasdaq (NASDAQ:NDAQ). Biodexa Pharmaceuticals (NASDAQ:BDRX) was the smallest company in terms of market cap to set a new 52-week low. Sarcos Technology (NASDAQ:STRC) shares dropped the most, trading down 417.35% to reach its new 52-week low. Cineverse (NASDAQ:CNVS) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 4:58 pm

The top 5 oversold tech stocks in Q2, based on RSI values, are Corsair Gaming (CRSR), Intevac (IVAC), SolarEdge Technologies (SEDG), SkyWater Technology (SKYT), and Methode Electronics (MEI). These companies have recently reported financial results and have RSI values near or below 30, indicating potential undervaluation.

Portfolio Pulse from Lisa Levin

June 23, 2023 | 11:41 am

During Wednesday's intraday session, several IT stocks experienced significant price movements. Gainers included LAES, WETG, CYXT, GREE, WISA, and COHR, while losers were AHI, MVIS, AUUD, CODA, IVAC, and TIO.

Portfolio Pulse from Benzinga Insights

June 14, 2023 | 5:31 pm

On Wednesday, 33 stocks hit new 52-week lows, with UnitedHealth Group being the largest company by market cap and Biocept the smallest. Tenon Medical shares traded down 51.96%, while Camber Energy shares gained 0.16% after reaching their 52-week low.

Portfolio Pulse from Benzinga Insights

June 14, 2023 | 5:13 pm

Benchmark analyst Mark Miller has downgraded Intevac (NASDAQ:IVAC) from Buy to Hold.

Portfolio Pulse from richadhand@benzinga.com

June 14, 2023 | 1:22 pm

12 IT stocks experienced significant price movements during Wednesday's pre-market session, with 6 gainers and 6 losers. Notable gainers include WeTrade Group, Cyxtera Technologies, and Maxeon Solar Technologies, while notable losers include Advanced Health, Intevac, and Coda Octopus Group.

Portfolio Pulse from Benzinga Insights

June 14, 2023 | 1:07 pm

Intevac (NASDAQ:IVAC) has hired investment banking firm Houlihan Lokey to advise on strategic alternatives and formed a strategic committee to evaluate options for increasing stockholder value. The company reaffirms its year-end cash outlook and raises its 2023 revenue outlook to $43M-$48M.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 8:13 pm

The most oversold stocks in the information technology sector, with RSI values near or below 30, include Tingo Group (TIO), Semantix (STIX), SecureWorks (SCWX), PagerDuty (PD), and Intevac (IVAC). These stocks present an opportunity to buy into undervalued companies.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 12:44 pm

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