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

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

Adesto Technologies Corp (NASDAQ:IOTS) released its quarterly earnings results on Tuesday, November, 5th. The technology company reported ($0.02) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.03) by $0.01. The technology company had revenue of $32.03 million for the quarter, compared to analysts' expectations of $32.99 million. Adesto Technologies had a negative return on equity of 13.61% and a negative net margin of 21.81%. View Adesto Technologies' Earnings History.

Adesto Technologies is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Adesto Technologies.

5 brokers have issued 1-year price objectives for Adesto Technologies' stock. Their forecasts range from $10.00 to $13.00. On average, they expect Adesto Technologies' stock price to reach $11.80 in the next twelve months. This suggests a possible upside of 40.8% from the stock's current price. View Analyst Price Targets for Adesto Technologies.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adesto Technologies in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Adesto Technologies.

Media stories about IOTS stock have trended extremely negative on Sunday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Adesto Technologies earned a news impact score of -4.5 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near future. View News Stories for Adesto Technologies.

Some companies that are related to Adesto Technologies include Ultra Clean (UCTT), Photronics (PLAB), ChipMOS Technologies (IMOS), JinkoSolar (JKS), Xperi (XPER), Ichor (ICHR), Smart Global (SGH), Nlight (LASR), CEVA (CEVA), Himax Technologies (HIMX), Daqo New Energy (DQ), Magnachip Semiconductor (MX), Aquantia (AQ), NeoPhotonics (NPTN) and DSP Group (DSPG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Adesto Technologies investors own include AT&T (T), Ford Motor (F), Advanced Micro Devices (AMD), Corbus Pharmaceuticals (CRBP), Alibaba Group (BABA), Canopy Growth (CGC), Cronos Group (CRON), NVIDIA (NVDA), Verizon Communications (VZ) and Adobe (ADBE).

Adesto Technologies' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Mesirow Financial Investment Management Inc. (0.12%) and Falcon Point Capital LLC (0.07%). Company insiders that own Adesto Technologies stock include David Aaron, Dermot Barry, Gideon D Intrater, Janet Wang, Narbeh Derhacobian, Raphael Mehrbians, Ron Shelton and Thomas D Spade. View Institutional Ownership Trends for Adesto Technologies.

IOTS stock was sold by a variety of institutional investors in the last quarter, including Mesirow Financial Investment Management Inc.. 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.

IOTS stock was bought by a variety of institutional investors in the last quarter, including Falcon Point Capital LLC. View Insider Buying and Selling for 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.

One share of IOTS stock can currently be purchased for approximately $8.38.

Adesto Technologies has a market capitalization of $253.58 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.

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

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]