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: Technology
- Industry: Memory Chips (RAM)
- Sub-Industry: N/A
- Symbol: NASDAQ:IOTS
- CUSIP: N/A
- Web: www.adestotech.com/
Capitalization:- Market Cap: $94.51 million
- Outstanding Shares: 15,838,000
Average Prices:- 50 Day Moving Avg: $4.63
- 200 Day Moving Avg: $4.29
- 52 Week Range: $1.50 - $5.80
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 163.33
- P/E Growth: -1.49
Sales & Book Value:- Annual Revenue: $45.1 million
- Price / Sales: 1.72
- Book Value: $0.93 per share
- Price / Book: 5.27
Profitability:- EBIDTA: ($9,270,000.00)
- Net Margins: -24.54%
- Return on Equity: -71.77%
- Return on Assets: -24.82%
Debt:- Debt-to-Equity Ratio: 0.69%
- Current Ratio: 1.78%
- Quick Ratio: 1.51%
Misc:- Average Volume: 80,200 shs.
- Beta: 2.33
- Short Ratio: 3.42
Frequently Asked Questions for Adesto Technologies Corp (NASDAQ:IOTS)
What is Adesto Technologies Corp's stock symbol?
Adesto Technologies Corp trades on the NASDAQ under the ticker symbol "IOTS."
How were Adesto Technologies Corp's earnings last quarter?
Adesto Technologies Corp (NASDAQ:IOTS) announced its earnings results on Wednesday, May, 10th. The company reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.03. The business had revenue of $11.31 million for the quarter, compared to the consensus estimate of $11.21 million. Adesto Technologies Corp had a negative net margin of 24.54% and a negative return on equity of 71.77%. Adesto Technologies Corp's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm posted ($0.16) earnings per share. View Adesto Technologies Corp's Earnings History.
When will Adesto Technologies Corp make its next earnings announcement?
Where is Adesto Technologies Corp's stock going? Where will Adesto Technologies Corp's stock price be in 2017?
3 brokerages have issued 1-year price targets for Adesto Technologies Corp's shares. Their predictions range from $4.00 to $7.00. On average, they expect Adesto Technologies Corp's stock price to reach $6.00 in the next twelve months. View Analyst Ratings for Adesto Technologies Corp.
What are analysts saying about Adesto Technologies Corp stock?
Here are some recent quotes from research analysts about Adesto Technologies Corp 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. " (7/12/2017)
- 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 Corp's key competitors?
Some companies that are related to Adesto Technologies Corp include Focusrite PLC (TUNE), Quartix Holdings PLC (QTX), Majesco (MJCO), Mysale Group PLC (MYSL), Cohort PLC (CHRT), SQS Software Quality Systems AG (SQS), Ideagen PLC (IDEA), CityFibre Infrastructure Holdings PLC (CITY), Bango plc (BGO), Leaf Group Ltd (LFGR), Amino Technologies Plc (AMO), Gresham Technologies PLC (GHT), GlobalSCAPE (GSB), Redcentric PLC (RCN), Tracsis Plc (TRCS), Netcall plc (NET), Nanoco Group PLC (NANO) and Minds + Machines Group Ltd (MMX).
Who are Adesto Technologies Corp's key executives?
Adesto Technologies Corp'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 Corp stock?
Adesto Technologies Corp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include
180 DEGREE CAPITAL CORP.
Total Shares:
1,769,868
(8.80%) and
HIRSCHMAN ORIN
(5.40%). Company insiders that own Adesto Technologies Corp 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 Corp.
How do I buy Adesto Technologies Corp stock?
Shares of Adesto Technologies Corp 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 Corp's stock price today?
One share of Adesto Technologies Corp stock can currently be purchased for approximately $4.90.
MarketBeat Community Rating for Adesto Technologies Corp (NASDAQ IOTS)MarketBeat's community ratings are surveys of what our community members think about Adesto Technologies Corp 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.
Consensus Ratings for Adesto Technologies Corp (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, 1 Strong Buy Rating |
| Consensus Rating: | Buy (Score: 3.33) |
| Consensus Price Target: | $6.00 (22.45% upside) |
Analysts' Ratings History for Adesto Technologies Corp (NASDAQ:IOTS)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 7/4/2017 | Benchmark Co. | Boost Price Target | Buy | $5.00 -> $7.00 | Medium |  |
| 5/12/2017 | Needham & Company LLC | Boost Price Target | Strong-Buy -> Strong-Buy | $6.00 -> $7.00 | Low | |
| 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 | |
(Data available from 7/20/2015 forward)
Earnings History for Adesto Technologies Corp (NASDAQ:IOTS)Earnings History by Quarter for Adesto Technologies Corp (NASDAQ IOTS)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 8/7/2017 | | ($0.06) | | | | | N/A | |
| 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 | |
| 11/12/2015 | Q3 | | ($0.22) | | $11.14 million | View | Listen | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Adesto Technologies Corp (NASDAQ:IOTS)2017 EPS Consensus Estimate: ($0.52)
2018 EPS Consensus Estimate: ($0.14)
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | ($0.18) | ($0.12) | ($0.15) |
| Q2 2017 | 2 | ($0.18) | ($0.09) | ($0.14) |
| Q3 2017 | 2 | ($0.19) | ($0.06) | ($0.13) |
| Q4 2017 | 2 | ($0.18) | ($0.04) | ($0.11) |
| Q1 2018 | 1 | ($0.07) | ($0.07) | ($0.07) |
| Q2 2018 | 1 | ($0.05) | ($0.05) | ($0.05) |
| Q3 2018 | 1 | ($0.02) | ($0.02) | ($0.02) |
| Q4 2018 | 1 | $0.00 | $0.00 | $0.00 |
(Data provided by Zacks Investment Research)
Dividend History for Adesto Technologies Corp (NASDAQ:IOTS)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Adesto Technologies Corp (NASDAQ:IOTS)Insider Ownership Percentage: 22.10%
Institutional Ownership Percentage: 14.62%
Insider Trades by Quarter for Adesto Technologies Corp (NASDAQ:IOTS)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 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 | |
(Data available from 1/1/2013 forward)
Headline Trends for Adesto Technologies Corp (NASDAQ:IOTS)
Latest Headlines for Adesto Technologies Corp (NASDAQ:IOTS)
| Source: |
|
| Date | Headline |
|---|
 | Analyzing Rambus (RMBS) and Adesto Technologies Corporation (NASDAQ:IOTS)
www.americanbankingnews.com - July 19 at 2:40 PM |
| Adesto Technologies Corporation (NASDAQ:IOTS) and Smart Global Holdings (SGH) Head to Head Comparison
www.americanbankingnews.com - July 14 at 10:28 PM |
 | Adesto Technologies Introduces New Solution to Enable Smart Home Products
finance.yahoo.com - July 13 at 3:28 AM |
| ETFs with exposure to Adesto Technologies Corp. : July 5, 2017
finance.yahoo.com - July 6 at 6:34 AM |
| Adesto Technologies Corporation (NASDAQ:IOTS) Downgraded by Zacks Investment Research to "Hold"
www.americanbankingnews.com - July 4 at 12:36 AM |
| Adesto Technologies Corporation (IOTS) Upgraded to Buy at Zacks Investment Research
www.americanbankingnews.com - July 1 at 11:16 PM |
| Adesto Technologies Announces Exercise of Over-Allotment Option By Underwriters
finance.yahoo.com - June 30 at 12:19 AM |
| Head to Head Review: Adesto Technologies Corp (IOTS) and Rambus (RMBS)
www.americanbankingnews.com - June 26 at 8:43 AM |
| Adesto Technologies Corporation (IOTS) Stock Rating Upgraded by ValuEngine
www.americanbankingnews.com - June 24 at 12:06 AM |
| Adesto to address requirements for ultra-low power memory technologies in IoT devices at Sensors Expo & Conference
finance.yahoo.com - June 22 at 1:05 PM |
| Reviewing Violin Memory (VMEM) & Adesto Technologies Corporation (IOTS)
www.americanbankingnews.com - June 21 at 10:20 AM |
| Adesto Technologies Corporation (IOTS) Downgraded by ValuEngine to Sell
www.americanbankingnews.com - June 17 at 8:34 AM |
 | Adesto Technologies Corporation (IOTS) Plans Offering Common Stock
www.streetinsider.com - June 16 at 6:50 PM |
| ETFs with exposure to Adesto Technologies Corp. : June 16, 2017
finance.yahoo.com - June 16 at 6:50 PM |
| Adesto Technologies Corporation Prices Public Offering of Common Stock
finance.yahoo.com - June 16 at 5:39 AM |
| Adesto Technologies Corporation Announces Proposed Public Offering of Common Stock
finance.yahoo.com - June 14 at 7:54 PM |
| Adesto Technologies Corporation (IOTS) & NetApp (NTAP) Critical Contrast
www.americanbankingnews.com - June 13 at 7:44 AM |
| $12.95 Million in Sales Expected for Adesto Technologies Corp (IOTS) This Quarter
www.americanbankingnews.com - June 10 at 9:48 AM |
| Brokerages Expect Adesto Technologies Corp (IOTS) to Post -$0.07 EPS
www.americanbankingnews.com - June 8 at 8:46 AM |
| ETFs with exposure to Adesto Technologies Corp. : June 6, 2017
finance.yahoo.com - June 6 at 6:29 PM |
| ValuEngine Upgrades Adesto Technologies Corp (IOTS) to "Hold"
www.americanbankingnews.com - June 4 at 10:38 AM |
| Adesto Technologies Corp (IOTS) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - June 2 at 7:02 PM |
| Adesto Technologies Corp (IOTS) VP Janet Wang Sells 2,600 Shares
www.americanbankingnews.com - May 30 at 10:40 PM |
| ETFs with exposure to Adesto Technologies Corp. : May 26, 2017
finance.yahoo.com - May 26 at 6:41 PM |
| Adesto Technologies Corp. :IOTS-US: Earnings Analysis: Q1, 2017 By the Numbers : May 25, 2017
finance.yahoo.com - May 26 at 2:26 AM |
| Adesto Technologies Corp (IOTS) VP Sells $21,080.00 in Stock
www.americanbankingnews.com - May 24 at 10:57 PM |
| Gideon D. Intrater Sells 2,180 Shares of Adesto Technologies Corp (IOTS) Stock
www.americanbankingnews.com - May 23 at 8:34 PM |
| Conexant Systems Selects Adesto Technologies Serial Flash for AudioSmart™ Development Kits
finance.yahoo.com - May 16 at 5:51 PM |
 | BRIEF-Adesto Technologies announces Q1 revenue $11.3 million
www.reuters.com - May 12 at 11:41 PM |
| Edited Transcript of IOTS earnings conference call or presentation 10-May-17 9:00pm GMT
finance.yahoo.com - May 12 at 6:39 PM |
| Zacks: Analysts Expect Adesto Technologies Corp (IOTS) to Post -$0.10 EPS
www.americanbankingnews.com - May 12 at 8:26 AM |
| Adesto Technologies Corp (IOTS) Price Target Raised to $7.00 at Needham & Company LLC
www.americanbankingnews.com - May 12 at 8:20 AM |
| Adesto Technologies (IOTS) PT Raised to $7 at Needham & Company Following 1Q
www.streetinsider.com - May 11 at 6:31 PM |
| Adesto Technologies Corp (IOTS) Announces Earnings Results
www.americanbankingnews.com - May 10 at 9:52 PM |
| Adesto Technologies Announces First Quarter 2017 Financial Results
finance.yahoo.com - May 10 at 6:19 PM |
| Adesto Tech reports 1Q loss
finance.yahoo.com - May 10 at 6:19 PM |
| Investor Network: Adesto Technologies Corporation to Host Earnings Call
finance.yahoo.com - May 10 at 1:17 PM |
| Adesto Technologies Corp (IOTS) Set to Announce Quarterly Earnings on Wednesday
www.americanbankingnews.com - May 8 at 8:32 AM |
| Adesto Technologies to Present at the Oppenheimer Conference on May 16
finance.yahoo.com - May 4 at 11:15 AM |
 | 180 Degree Capital Corp. (TURN) CEO Kevin M. Rendino on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 2 at 4:23 PM |
| Adesto Technologies Corp (IOTS) Getting Somewhat Negative Press Coverage, Study Shows
www.americanbankingnews.com - April 27 at 5:15 PM |
| Adesto Technologies Corp (IOTS) Receiving Somewhat Favorable Press Coverage, Analysis Finds
www.americanbankingnews.com - April 24 at 8:38 PM |
| ETFs with exposure to Adesto Technologies Corp. : April 24, 2017
finance.yahoo.com - April 24 at 5:38 PM |
| Adesto Technologies Corp (IOTS) Downgraded by Zacks Investment Research
www.americanbankingnews.com - April 23 at 10:34 PM |
| Adesto Technologies Corp (IOTS) Receives Media Impact Score of -0.02
www.americanbankingnews.com - April 21 at 4:19 PM |
| Adesto Technologies Corp (IOTS) Short Interest Down 0.2% in March
www.americanbankingnews.com - April 20 at 7:21 PM |
| Adesto Technologies Corp (IOTS) Given Daily Coverage Optimism Score of 0.42
www.americanbankingnews.com - April 18 at 5:40 PM |
| Adesto Technologies to Announce First Quarter 2017 Financial Results on May 10
finance.yahoo.com - April 18 at 11:00 AM |
| Adesto Technologies Corp (IOTS) Earning Favorable News Coverage, Study Finds
www.americanbankingnews.com - April 14 at 12:46 PM |
| ETFs with exposure to Adesto Technologies Corp. : April 10, 2017
finance.yahoo.com - April 10 at 5:39 PM |
Adesto Technologies Corp (IOTS) Chart for Thursday, July, 20, 2017
