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

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$6.10 -0.21 (-3.33 %)
(As of 03/24/2019 04:00 PM ET)
Previous Close$6.10
Today's Range$5.96 - $6.27
52-Week Range$3.51 - $10.80
Volume153,260 shs
Average Volume165,937 shs
Market Capitalization$179.52 million
P/E Ratio-21.79
Dividend YieldN/A
Beta1.85
Adesto Technologies Corporation, together with its subsidiaries, provides application-specific semiconductors for the Internet of Things (IoT) era. Its portfolio of semiconductor and embedded technologies are optimized for connected IoT devices used in industrial, consumer, communications, and medical applications. The company manufactures its products using industry-standard floating gate technology and conductive bridging random access memory technology platforms. Its products include DataFlash for data-logging applications, such as industrial automation, home automation sensing, and health and fitness tracking; Fusion Serial Flash for use in various high-volume consumer applications comprising wearables, mobile, and other applications; EcoXip that enables improved processor performance and reduced system power consumption; and Standard Serial Flash to store boot or program code with a low pin count industry standard serial interface. The company's products also comprise Mavriq for IoT 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 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

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$0.0169 per share
Book Value$1.56 per share

Profitability

Net Income$-21,440,000.00

Miscellaneous

EmployeesN/A
Market Cap$179.52 million
Next Earnings Date5/8/2019 (Estimated)
OptionableNot Optionable

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) posted its earnings results on Thursday, February, 21st. The technology company reported ($0.04) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.08) by $0.04. The technology company earned $28.08 million during the quarter, compared to the consensus estimate of $28.51 million. Adesto Technologies had a negative return on equity of 15.42% and a negative net margin of 25.68%. 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, May 8th 2019. View Earnings Estimates for Adesto Technologies.

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

Adesto Technologies issued an update on its first quarter 2019 earnings guidance on Thursday, February, 21st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $26-28 million, compared to the consensus revenue estimate of $27.41 million.

What price target have analysts set for IOTS?

6 equities research analysts have issued 12 month target prices for Adesto Technologies' shares. Their predictions range from $8.00 to $11.00. On average, they anticipate Adesto Technologies' stock price to reach $9.4167 in the next year. This suggests a possible upside of 54.4% 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. 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. " (3/19/2019)
  • 2. Needham & Company LLC analysts commented, "We came away impressed with Adesto’s inaugural New York. We believe the company is undergoing a significant transformation, migrating from a pure-play application-specific memory company to becoming a full stack IoT solution provider (cloud, gateway, edge). With its two recent acquisitions, Adesto now has a portfolio of edge gateways and software stacks, transceivers, controllers, mixed-signal ASICs and application specific non-volatile memory to address the fastest growing verticals with IoT: industrial, consumer, communication and medical. The long-term target of 20% revenue CAGR and 50-55% gross margin represent significant earnings over the next 3-4 years. $10 price target." (3/13/2019)

Has Adesto Technologies been receiving favorable news coverage?

News articles about IOTS stock have been trending neutral this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Adesto Technologies earned a news sentiment score of 0.2 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an effect on the stock's share price in the near term.

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 Petra Diamonds (PDL), Micron Technology (MU), AT&T (T), Corbus Pharmaceuticals (CRBP), Advanced Micro Devices (AMD), Cronos Group (CRON), AVEO Pharmaceuticals (AVEO), Plug Power (PLUG), Second Sight Medical Products (EYES) and Alibaba Group (BABA).

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. David A. Aaron, VP & Gen. Counsel (Age 52)

Who are Adesto Technologies' major shareholders?

Adesto Technologies' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.12%), Royce & Associates LP (2.37%), Boston Partners (2.22%), United Services Automobile Association (1.05%), Quantum Capital Management (0.98%) and Geode Capital Management LLC (0.87%). Company insiders that own Adesto Technologies stock include Gideon D Intrater, Ishai Naveh, Janet Wang, Narbeh Derhacobian, Raphael Mehrbians, Shane Hollmer and Thomas D Spade. View Institutional Ownership Trends for Adesto Technologies.

Which major investors are selling Adesto Technologies stock?

IOTS stock was sold by a variety of institutional investors in the last quarter, including Quantum Capital Management. View Insider Buying and Selling for Adesto Technologies.

Which major investors are buying Adesto Technologies stock?

IOTS stock was purchased by a variety of institutional investors in the last quarter, including Boston Partners, Royce & Associates LP, BlackRock Inc., Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Bank of New York Mellon Corp, United Services Automobile Association and Rhumbline Advisers. 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 $6.10.

How big of a company is Adesto Technologies?

Adesto Technologies has a market capitalization of $179.52 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.

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:  211 (Vote Outperform)
Underperform Votes:  257 (Vote Underperform)
Total Votes:  468
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 3/24/2019 by MarketBeat.com Staff

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