NASDAQ:IOTS - Adesto Technologies Stock Price, News, & Analysis

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$5.50 +0.10 (+1.85 %)
(As of 08/19/2018 04:00 PM ET)
Previous Close$5.50
Today's Range$5.35 - $5.55
52-Week Range$4.70 - $10.80
Volume260,275 shs
Average Volume291,584 shs
Market Capitalization$116.93 million
P/E Ratio-22.92
Dividend YieldN/A
Beta0.73
Adesto Technologies logoAdesto Technologies Corporation, together with its subsidiaries, provides application-specific and ultra-low power non-volatile memory products. The company offers standard serial flash products, including DataFlash for data-logging applications, such as industrial automation, home automation sensing, and health and fitness tracking; Fusion Flash for use in various high-volume consumer applications comprising wearables, mobile, and other applications; and EcoXip that enables enhanced processor performance and reduced system power consumption. It also provides conductive bridging random access memory based products, which include Mavriq for Internet of Things and other applications, which include camera sensors, Bluetooth low energy devices, wearables, gaming components, printer cartridges, medical equipment, and other devices; and Moneta for retail beacons, wearable medical and fitness devices, industrial and environmental sensors, agricultural monitors, and other low energy/long battery life, or energy harvesting system applications. The company sells its products directly through a network of representatives and distributors to original equipment manufacturers and original design manufacturers in the United States, Rest of Americas, Europe, the Asia Pacific, and internationally. Adesto Technologies Corporation was incorporated in 2006 and is headquartered in Santa Clara, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:IOTS
CUSIPN/A
Phone408-400-0578

Debt

Debt-to-Equity Ratio0.89
Current Ratio1.13
Quick Ratio0.79

Price-To-Earnings

Trailing P/E Ratio-22.92
Forward P/E Ratio-20.37
P/E GrowthN/A

Sales & Book Value

Annual Sales$56.11 million
Price / Sales2.87
Cash FlowN/A
Price / CashN/A
Book Value$1.56 per share
Price / Book3.53

Profitability

EPS (Most Recent Fiscal Year)($0.24)
Net Income$-5,680,000.00
Net Margins-11.29%
Return on Equity-8.04%
Return on Assets-3.65%

Miscellaneous

Employees102
Outstanding Shares29,270,000
Market Cap$116.93 million

Adesto Technologies (NASDAQ:IOTS) Frequently Asked Questions

What is Adesto Technologies' stock symbol?

Adesto Technologies trades on the NASDAQ under the ticker symbol "IOTS."

How were Adesto Technologies' earnings last quarter?

Adesto Technologies Corp (NASDAQ:IOTS) announced its earnings results on Wednesday, August, 1st. The technology company reported ($0.08) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.04) by $0.04. The technology company earned $18.18 million during the quarter, compared to analyst estimates of $18.17 million. Adesto Technologies had a negative net margin of 11.29% and a negative return on equity of 8.04%. View Adesto Technologies' Earnings History.

When is Adesto Technologies' next earnings date?

Adesto Technologies is scheduled to release their next quarterly earnings announcement on Wednesday, November, 14th 2018. View Earnings Estimates for Adesto Technologies.

What price target have analysts set for IOTS?

6 brokers have issued 1 year price targets for Adesto Technologies' stock. Their forecasts range from $8.00 to $12.00. On average, they anticipate Adesto Technologies' share price to reach $10.00 in the next twelve months. This suggests a possible upside of 81.8% from the stock's current price. View Analyst Price Targets for Adesto Technologies.

What is the consensus analysts' recommendation for Adesto Technologies?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adesto Technologies in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Adesto Technologies.

What are Wall Street analysts saying about Adesto Technologies stock?

Here are some recent quotes from research analysts about Adesto Technologies stock:
  • 1. Needham & Company LLC analysts commented, "We are adjusting our 4Q18 estimates and 2019 estimates to include the associated OPEX related to Echelon and the potential $6-$8 cost savings, which we assume occurs in the OPEX line. For 4Q18, we increase our OPEX by $4.4MM to $13.1MM to reflect a full quarter of operations of Echelon. For 2019, our OPEX increases to $47.8MM from $31.9MM to reflect a full year of of savings. Our $12 PT remains 2.4x EV/sales (2019)." (8/8/2018)
  • 2. 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. " (7/25/2018)

Are investors shorting Adesto Technologies?

Adesto Technologies saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 1,748,512 shares, an increase of 41.2% from the July 13th total of 1,238,360 shares. Based on an average daily trading volume, of 712,990 shares, the days-to-cover ratio is currently 2.5 days. Currently, 7.5% of the company's stock are short sold. View Adesto Technologies' Current Options Chain.

Who are some of Adesto Technologies' key competitors?

Who are Adesto Technologies' key executives?

Adesto Technologies' management team includes the folowing people:
  • Mr. Narbeh Derhacobian, Co-Founder, Pres, CEO & Director (Age 55)
  • Mr. Ronald K. Shelton, CFO & Sec. (Age 56)
  • Mr. Gideon Intrater, Chief Technology Officer (Age 57)
  • Mr. Ishai Naveh, Co-Founder & VP of Bus. Devel. (Age 60)
  • Mr. Thomas D. Spade, VP of Worldwide Sales (Age 52)

Has Adesto Technologies been receiving favorable news coverage?

News articles about IOTS stock have trended somewhat positive recently, Accern reports. The research group ranks the sentiment of press coverage by monitoring more than twenty 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. Adesto Technologies earned a news and rumor sentiment score of 0.12 on Accern's scale. They also gave news headlines about the technology company an impact score of 44.64 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term. View Recent Headlines for Adesto Technologies.

Who are Adesto Technologies' major shareholders?

Adesto Technologies' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Gilder Gagnon Howe & Co. LLC (7.56%), BlackRock Inc. (4.19%), Unterberg Capital LLC (2.13%), Granahan Investment Management Inc. MA (1.58%), Russell Investments Group Ltd. (1.51%) and United Services Automobile Association (0.95%). Company insiders that own Adesto Technologies stock include Applied Materials Inc /De, Gideon D Intrater, Ishai Naveh, Janet Wang, Narbeh Derhacobian, Raphael Mehrbians, Ron Shelton, Shane Hollmer and Thomas D Spade. View Institutional Ownership Trends for Adesto Technologies.

Which institutional investors are selling Adesto Technologies stock?

IOTS stock was sold by a variety of institutional investors in the last quarter, including Unterberg Capital LLC, Millennium Management LLC, Algert Global LLC, Russell Investments Group Ltd. and Gilder Gagnon Howe & Co. LLC. Company insiders that have sold Adesto Technologies company stock in the last year include Gideon D Intrater, Ishai Naveh, Janet Wang, Raphael Mehrbians, Shane Hollmer and Thomas D Spade. View Insider Buying and Selling for Adesto Technologies.

Which institutional investors are buying Adesto Technologies stock?

IOTS stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Granahan Investment Management Inc. MA, United Services Automobile Association, Bank of New York Mellon Corp, Schwab Charles Investment Management Inc., Renaissance Technologies LLC, Acadian Asset Management LLC and Spark Investment Management LLC. Company insiders that have bought Adesto Technologies stock in the last two years include Narbeh Derhacobian and Ron Shelton. View Insider Buying and Selling for Adesto Technologies.

How do I buy shares of Adesto Technologies?

Shares of IOTS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Adesto Technologies' stock price today?

One share of IOTS stock can currently be purchased for approximately $5.50.

How big of a company is Adesto Technologies?

Adesto Technologies has a market capitalization of $116.93 million and generates $56.11 million in revenue each year. The technology company earns $-5,680,000.00 in net income (profit) each year or ($0.24) on an earnings per share basis. Adesto Technologies employs 102 workers across the globe.

How can I contact Adesto Technologies?

Adesto Technologies' mailing address is 3600 PETERSON WAY, SANTA CLARA CA, 95054. The technology company can be reached via phone at 408-400-0578 or via email at [email protected]


MarketBeat Community Rating for Adesto Technologies (NASDAQ IOTS)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  175 (Vote Outperform)
Underperform Votes:  219 (Vote Underperform)
Total Votes:  394
MarketBeat's community ratings are surveys of what our community members think about Adesto Technologies and other stocks. Vote "Outperform" if you believe IOTS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IOTS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/19/2018 by MarketBeat.com Staff

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