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

$10.63
-0.66 (-5.85 %)
(As of 09/17/2019 04:00 PM ET)
Today's Range
$10.62
Now: $10.63
$11.42
50-Day Range
$7.58
MA: $9.95
$11.19
52-Week Range
$3.51
Now: $10.63
$11.97
Volume237,253 shs
Average Volume214,987 shs
Market Capitalization$319.65 million
P/E RatioN/A
Dividend YieldN/A
Beta1.24
Adesto Technologies Corporation, together with its subsidiaries, provides application-specific semiconductors and embedded systems that offer the building blocks of Internet of Things (IoT) edge devices operating on networks worldwide. The company's portfolio of semiconductor and embedded technologies are optimized for connected IoT devices and systems used in industrial, consumer, communications, and medical applications. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$83.49 million
Cash Flow$0.0163 per share
Book Value$2.13 per share

Profitability

Net Income$-21,440,000.00

Miscellaneous

Employees265
Market Cap$319.65 million
Next Earnings Date11/6/2019 (Estimated)
OptionableNot Optionable

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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) released its earnings results on Wednesday, November, 7th. The technology company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The technology company earned $21.93 million during the quarter, compared to analyst estimates of $20.11 million. Adesto Technologies had a negative net margin of 24.61% and a negative return on equity of 15.80%. 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 6th 2019. View Earnings Estimates for Adesto Technologies.

What guidance has Adesto Technologies issued on next quarter's earnings?

Adesto Technologies updated its third quarter 2019 earnings guidance on Tuesday, August, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $31.5-34.5 million, compared to the consensus revenue estimate of $32.26 million.

What price target have analysts set for IOTS?

3 Wall Street analysts have issued 1-year price objectives for Adesto Technologies' stock. Their predictions range from $10.00 to $10.00. On average, they expect Adesto Technologies' share price to reach $10.00 in the next year. This suggests that the stock has a possible downside of 5.9%. View Analyst Price Targets for Adesto Technologies.

What is the consensus analysts' recommendation for Adesto Technologies?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adesto Technologies in the last year. There are currently 1 hold rating and 2 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. 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. " (9/17/2019)
  • 2. Northland Securities analysts commented, "We think IOTS is holding off until it reports a strong Q3 based on GM uplift of an IP sale as well as strong memory quarter from an Apple airpod win. We are not sure the window will be open in Q4 due to macro uncertainty. We also think Q4 could be a tough sequential comp off a strong Q3. Meanwhile share have reached our price target and we lower our rating to a MP. Growth: IOTS is designed into Apple’s airpods. We believe this win is driving the Company’s memory revenue growth. We estimate that consumer revenue grew from $7.9M to $11.5M to $12M or up 46% to 52% Q/Q in Q2. The lack of precision in our Q2 estimate is due to IOTS changing its revenue segmentation from consumer 28% in Q1 to consumer and computer in of revenue in Q2. We believe the uplift was primarily from the Apple airpod win." (8/12/2019)

Has Adesto Technologies been receiving favorable news coverage?

Media headlines about IOTS stock have been trending negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Adesto Technologies earned a daily sentiment score of -2.9 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Adesto Technologies.

Who are some of Adesto Technologies' key competitors?

What other stocks do shareholders of Adesto Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Adesto Technologies investors own include AT&T (T), Ford Motor (F), Petra Diamonds (PDL), Corbus Pharmaceuticals (CRBP), Prospect Capital (PSEC), AVEO Pharmaceuticals (AVEO), Cronos Group (CRON), Vuzix (VUZI), ANNALY CAP MGMT/SH (NLY) and STMicroelectronics (STM).

Who are Adesto Technologies' key executives?

Adesto Technologies' management team includes the folowing people:
  • Mr. Narbeh Derhacobian, Co-Founder, Pres, CEO & Director (Age 56)
  • Mr. Ronald K. Shelton, CFO & Sec. (Age 57)
  • Mr. Gideon Intrater, Chief Technology Officer (Age 58)
  • Mr. Ishai Naveh, Co-Founder & VP of Bus. Devel. (Age 61)
  • Mr. Seyed Attaran, VP of Worldwide Operations

Who are Adesto Technologies' major shareholders?

Adesto Technologies' stock is owned by a variety of of retail and institutional investors. Top institutional investors include AWM Investment Company Inc. (9.13%), BlackRock Inc. (5.94%), Vanguard Group Inc. (4.37%), Russell Investments Group Ltd. (1.95%), United Services Automobile Association (1.51%) and Cadence Capital Management LLC (0.95%). Company insiders that own Adesto Technologies stock include David Aaron, Dermot Barry, 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 Pentwater Capital Management LP, Russell Investments Group Ltd., AWM Investment Company Inc., Panagora Asset Management Inc., Boston Partners, Bank of New York Mellon Corp, Vanguard Group Inc. and Allianz Asset Management GmbH. Company insiders that have sold Adesto Technologies company stock in the last year include David Aaron, Dermot Barry, Gideon D Intrater, Raphael Mehrbians, Ron Shelton and Thomas D Spade. View Insider Buying and Selling for Adesto Technologies.

Which institutional investors are buying Adesto Technologies stock?

IOTS stock was acquired by a variety of institutional investors in the last quarter, including Cadence Capital Management LLC, BlackRock Inc., United Services Automobile Association, D. E. Shaw & Co. Inc., Northeast Financial Consultants Inc, Harvey Partners LLC, JPMorgan Chase & Co. and Susquehanna International Group LLP. 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, Robinhood, Fidelity and Charles Schwab.

What is Adesto Technologies' stock price today?

One share of IOTS stock can currently be purchased for approximately $10.63.

How big of a company is Adesto Technologies?

Adesto Technologies has a market capitalization of $319.65 million and generates $83.49 million in revenue each year. The technology company earns $-21,440,000.00 in net income (profit) each year or ($0.28) on an earnings per share basis. Adesto Technologies employs 265 workers across the globe.View Additional Information About Adesto Technologies.

What is Adesto Technologies' official website?

The official website for Adesto Technologies is http://www.adestotech.com/.

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:  2.3 out of 5 (star star)
Outperform Votes:  244 (Vote Outperform)
Underperform Votes:  289 (Vote Underperform)
Total Votes:  533
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 9/17/2019 by MarketBeat.com Staff

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