Adesto Technologies Corporation is a provider of application-specific and ultra-low power non-volatile memory products. The Company optimizes its non-volatile memory products for Internet of Things (IoT), applications, including current and next-generation Internet-connected devices in the consumer, industrial, medical and wearables markets. It operates in application-specific and feature-rich, ultra-low power non-volatile memory (NVM) products segment. It combines its non-volatile memory design capabilities with intellectual property and differentiated technology platforms to deliver products that manage the overall energy consumption of its customers' systems and battery life. Its products feature embedded intelligence in a small form factor. It sells its products directly to original equipment manufacturers and original design manufacturers, respectively that manufacture products for its end customers.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Memory Chips (RAM)
- Sub-Industry: N/A
- Symbol: NASDAQ:IOTS
- CUSIP: N/A
- Web: www.adestotech.com
- Market Cap: $170.69 million
- Outstanding Shares: 20,943,000
- 50 Day Moving Avg: $7.71
- 200 Day Moving Avg: $7.71
- 52 Week Range: $1.50 - $8.15
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 271.67
- P/E Growth: -3.92
- Annual Revenue: $48.23 million
- Price / Sales: 3.54
- Book Value: $1.54 per share
- Price / Book: 5.29
- EBIDTA: ($6,670,000.00)
- Net Margins: -21.41%
- Return on Equity: -35.81%
- Return on Assets: -14.35%
- Debt-to-Equity Ratio: 0.26%
- Current Ratio: 2.70%
- Quick Ratio: 2.44%
- Average Volume: 432,000 shs.
- Beta: 2.16
- Short Ratio: 7.04
Frequently Asked Questions for Adesto Technologies Corporation (NASDAQ:IOTS)
What is Adesto Technologies Corporation's stock symbol?
Adesto Technologies Corporation trades on the NASDAQ under the ticker symbol "IOTS."
How were Adesto Technologies Corporation's earnings last quarter?
Adesto Technologies Corporation (NASDAQ:IOTS) issued its quarterly earnings results on Thursday, August, 3rd. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.03. The company had revenue of $13.40 million for the quarter, compared to analyst estimates of $12.98 million. Adesto Technologies Corporation had a negative return on equity of 35.81% and a negative net margin of 21.41%. The business's revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.21) EPS. View Adesto Technologies Corporation's Earnings History.
When will Adesto Technologies Corporation make its next earnings announcement?
Where is Adesto Technologies Corporation's stock going? Where will Adesto Technologies Corporation's stock price be in 2017?
2 equities research analysts have issued 1-year target prices for Adesto Technologies Corporation's stock. Their predictions range from $7.00 to $10.00. On average, they anticipate Adesto Technologies Corporation's share price to reach $8.50 in the next year. View Analyst Ratings for Adesto Technologies Corporation.
What are analysts saying about Adesto Technologies Corporation stock?
Here are some recent quotes from research analysts about Adesto Technologies Corporation stock:
- 1. According to Zacks Investment Research, "Adesto Technologies Corporation is a provider of application-specific non-volatile memory products. The company designed and built a portfolio of innovative products which includes Fusion Serial Flash, DataFlash(R) and Conductive Bridging RAM (R). It sells products directly to original equipment manufacturers and original design manufacturers. Adesto Technologies Corporation is headquartered in Sunnyvale, California. " (8/10/2017)
- 2. Needham & Company LLC analysts commented, "Adesto posted a beat and raise quarter. Revenue increased to $12.3MM and GMs increased 270 basis points Q/Q to 50.8%. Adesto completed the year with 280 design wins compared to 153 last year, and is seeing strength across all end markets. With proof points of 19% Y/Y growth in 2H16, guidance for quarterly record revenue in 2Q17, and EBITDA B/E in 2H17E, we believe Adesto is progressing well on design wins and new product technologies. With GMs improving, we believe the company deserves a $6.50 PT on a 1.8x EV/sales 2017. The stock is currently trading at less than 1.0x EV/sales (2017)." (2/15/2017)
Who are some of Adesto Technologies Corporation's key competitors?
Some companies that are related to Adesto Technologies Corporation include MobileIron (MOBL), Kopin Corporation (KOPN), AXT (AXTI), RigNet (RNET), Bel Fuse (BELFB), Gilat Satellite Networks (GILT), GRIDSUM HOLDING (GSUM), American Software (AMSWA), Mitek Systems (MITK), QuinStreet (QNST), ServiceSource International (SREV), ChannelAdvisor Corporation (ECOM), IDI (COGT), Telenav (TNAV), USA Technologies (USAT), DSP Group (DSPG), Vishay Precision Group (VPG) and Sequans Communications S.A. (SQNS).
Who are Adesto Technologies Corporation's key executives?
Adesto Technologies Corporation's management team includes the folowing people:
- Barry L. Cox, Chairman of the Board
- Narbeh Derhacobian, President, Chief Executive Officer, Co-Founder, Director
- Shane Hollmer, Co-Founder, Vice President - Engineering
- Ron Shelton, Chief Financial Officer
- Gideon Intrater, Chief Technology Officer
- Thomas D. Spade, Vice President - Worldwide Sales
- Raphael Mehrbians, Vice President of Marketing
- Janet Wang Ph.D., Vice President of the Discrete Product Group
- Ishai Naveh, Vice President - Business Development
- Nelson Chan, Lead Independent Director
Who owns Adesto Technologies Corporation stock?
Adesto Technologies Corporation's stock is owned by a number of of institutional and retail investors. Top institutional investors include AWM Investment Company Inc. (8.59%), Gilder Gagnon Howe & Co. LLC (10.50%), Federated Investors Inc. PA (3.23%), Ameriprise Financial Inc. (2.75%), Unterberg Capital LLC (1.99%) and Spark Investment Management LLC (0.88%). Company insiders that own Adesto Technologies Corporation stock include Applied Materials Inc /De, Gideon D Intrater, Harris & Harris Group Inc /Ny/, Ishai Naveh, Janet Wang, Narbeh Derhacobian, Ron Shelton, Thomas D Spade and Venture Fund Vi Lp Arch. View Institutional Ownership Trends for Adesto Technologies Corporation.
Who sold Adesto Technologies Corporation stock? Who is selling Adesto Technologies Corporation stock?
Adesto Technologies Corporation's stock was sold by a variety of institutional investors in the last quarter, including Federated Investors Inc. PA and Gilder Gagnon Howe & Co. LLC. Company insiders that have sold Adesto Technologies Corporation stock in the last year include Gideon D Intrater, Ishai Naveh, Janet Wang and Thomas D Spade. View Insider Buying and Selling for Adesto Technologies Corporation.
Who bought Adesto Technologies Corporation stock? Who is buying Adesto Technologies Corporation stock?
Adesto Technologies Corporation's stock was purchased by a variety of institutional investors in the last quarter, including AWM Investment Company Inc., Ameriprise Financial Inc., Unterberg Capital LLC, Spark Investment Management LLC, Pinnacle Associates Ltd. and Vanguard Group Inc.. Company insiders that have bought Adesto Technologies Corporation stock in the last two years include Harris & Harris Group Inc /Ny/, Narbeh Derhacobian, Ron Shelton and Venture Fund Vi Lp Arch. View Insider Buying and Selling for Adesto Technologies Corporation.
How do I buy Adesto Technologies Corporation stock?
Shares of Adesto Technologies Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Adesto Technologies Corporation's stock price today?
MarketBeat Community Rating for Adesto Technologies Corporation (NASDAQ IOTS)MarketBeat's community ratings are surveys of what our community members think about Adesto Technologies Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Adesto Technologies Corporation stock can currently be purchased for approximately $8.15.
Consensus Ratings for Adesto Technologies Corporation (NASDAQ:IOTS) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$8.50 (4.29% upside)|
Analysts' Ratings History for Adesto Technologies Corporation (NASDAQ:IOTS)
(Data available from 9/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/13/2017||Needham & Company LLC||Reiterated Rating||Buy||$10.00||Low|
|7/4/2017||Benchmark Co.||Boost Price Target||Buy||$5.00 -> $7.00||Medium|
|9/1/2016||Roth Capital||Initiated Coverage||Buy||$4.00||N/A|
|6/15/2016||Oppenheimer Holdings, Inc.||Reiterated Rating||Hold||N/A|
|2/19/2016||Sanford C. Bernstein||Initiated Coverage||Buy||$9.00||N/A|
Earnings History for Adesto Technologies Corporation (NASDAQ:IOTS)Earnings History by Quarter for Adesto Technologies Corporation (NASDAQ IOTS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/3/2017||Q2 2017||($0.06)||($0.03)||$12.98 million||$13.40 million||View||Listen|
|5/10/2017||3/31/2017||($0.13)||($0.10)||$11.21 million||$11.31 million||View||N/A|
|2/14/2017||Q4 2016||($0.13)||($0.04)||$12.20 million||$12.30 million||View||Listen|
|10/27/2016||Q316||($0.19)||($0.19)||$11.03 million||$11.20 million||View||Listen|
|8/9/2016||Q216||($0.19)||($0.21)||$10.20 million||$10.30 million||View||Listen|
|5/5/2016||Q116||($0.16)||($0.16)||$10.20 million||$10.20 million||View||Listen|
|2/11/2016||Q415||($0.10)||($0.07)||$11.83 million||$11.80 million||View||Listen|
Earnings Estimates for Adesto Technologies Corporation (NASDAQ:IOTS)
2017 EPS Consensus Estimate: ($0.52)
2018 EPS Consensus Estimate: ($0.14)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Adesto Technologies Corporation (NASDAQ:IOTS)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Adesto Technologies Corporation (NASDAQ:IOTS)
Insider Ownership Percentage: 22.10%Insider Trades by Quarter for Adesto Technologies Corporation (NASDAQ:IOTS)
Institutional Ownership Percentage: 33.70%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/17/2017||Gideon D Intrater||Insider||Sell||2,500||$6.50||$16,250.00|| |
|8/17/2017||Ishai Naveh||VP||Sell||21,706||$6.32||$137,181.92|| |
|5/25/2017||Janet Wang||VP||Sell||2,600||$5.10||$13,260.00|| |
|5/22/2017||Ishai Naveh||VP||Sell||4,000||$5.27||$21,080.00|| |
|5/19/2017||Gideon D Intrater||Insider||Sell||2,180||$5.30||$11,554.00|| |
|2/17/2017||Thomas D. Spade||VP||Sell||4,064||$4.32||$17,556.48|| |
|11/21/2016||Narbeh Derhacobian||Insider||Buy||10,000||$1.76||$17,600.00|| |
|11/15/2016||Ron Shelton||CFO||Buy||10,000||$2.04||$20,400.00|| |
|11/10/2016||Narbeh Derhacobian||Insider||Buy||7,200||$2.05||$14,760.00|| |
|11/8/2016||Narbeh Derhacobian||Insider||Buy||17,800||$1.91||$33,998.00|| |
|11/8/2016||Ron Shelton||CFO||Buy||15,000||$1.90||$28,500.00|| |
|8/26/2016||Applied Materials Inc /De||Major Shareholder||Sell||5,000||$2.41||$12,050.00|| |
|5/10/2016||Ron Shelton||CFO||Buy||25,000||$3.54||$88,500.00|| |
|10/26/2015||Harris & Harris Group Inc /Ny/||Director||Buy||200,000||$5.00||$1,000,000.00|| |
|10/26/2015||Venture Fund Vi Lp Arch||Major Shareholder||Buy||400,000||$5.00||$2,000,000.00|| |
Headline Trends for Adesto Technologies Corporation (NASDAQ:IOTS)
Latest Headlines for Adesto Technologies Corporation (NASDAQ:IOTS)
Adesto Technologies Corporation (IOTS) Chart for Friday, September, 22, 2017