Revenue Update on InvenSense Inc(NYSE:INVN)

InvenSense Inc(NYSE:INVN) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $60.64M. Analysts estimated a revenue of $60.26M. Earnings per share were $-0.05. Analysts had estimated an EPS of $-0.06.

In a different note, On May 11, 2016, Canaccord Genuity said it Downgrades its rating on InvenSense Inc. The shares have been rated ‘Hold’ by the firm.

InvenSense Inc (INVN) made into the market gainers list on Thursdays trading session with the shares advancing 0.15% or 0.01 points. Due to strong positive momentum, the stock ended at $6.67, which is also near the day’s high of $6.75. The stock began the session at $6.7 and the volume stood at 11,41,286 shares. The 52-week high of the shares is $13.79 and the 52 week low is $5.42. The company has a current market capitalization of $621 M and it has 9,30,88,000 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Daniel Goehl (VPWorldwide Sales) sold 3,362 shares at $5.59 per share price.Also, On May 17, 2016, Mozafar Maghsoudnia (VP Technology & Worldwide Manu) sold 4,226 shares at $5.60 per share price.On May 17, 2016, Behrooz L. Abdi (CEO and President) sold 4,802 shares at $5.56 per share price, according to the Form-4 filing with the securities and exchange commission.

InvenSense Inc. (InvenSense) is engaged in designing developing manufacturing and marketing devices and related software for sensor system-on-chip (SoC) for the motion and sound markets. The Company designs develops markets and sells sensor SoCs including accelerometers gyroscopes and microphones for the mobile wearable smart home gaming industrial and automotive market segments. The Company’s motion solutions detect and track an object’s motion in three-dimensional space. It assimilates information from gyroscopes accelerometers magnetometers pressure sensors and microphones to determine how a host device is moving its direction its elevation and what it is hearing. The Company’s sensor SoC devices consist of various fundamental components such as its micro-electro-mechanical-systems (MEMS)-based motion sensors combined with its mixed-signal circuitry for signal processing; its MotionFusion technology and the MotionApps platform.

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