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NASDAQ:IOTSAdesto Technologies Stock Price, Forecast & News

$12.00
0.00 (0.00 %)
(As of 05/28/2020 04:00 PM ET)
Add
Compare
Today's Range
$12.00
Now: $12.00
$12.07
50-Day Range
$10.58
MA: $11.81
$12.19
52-Week Range
$6.68
Now: $12.00
$12.39
Volume188,264 shs
Average Volume902,214 shs
Market Capitalization$371.54 million
P/E RatioN/A
Dividend YieldN/A
Beta0.19
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. Its offerings enable customers to differentiate their IoT systems and product designs. The company's technology is used in various connected products, such as smart utility meters, wearable fitness trackers and medical monitors, home automation, building control systems, fleet management systems, and satellite communications applications. Its products portfolio includes IoT edge servers, routers, network nodes, and communication modules, as well as analog, digital, and non-volatile memory technologies, application-specific integrated circuits distributed network systems, and IP cores. The company also provides software, software development kits, tools, and system solutions to help speed time to market for customers. Its solutions enable seamless access to data, allowing for intelligent control of things in today's connected world. Adesto Technologies Corporation was incorporated in 2006 and is headquartered in Santa Clara, California.
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Adesto Technologies logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.87 out of 5 stars


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$118.17 million
Book Value$1.94 per share

Profitability

Net Income$-26,860,000.00

Miscellaneous

Employees265
Market Cap$371.54 million
Next Earnings Date6/2/2020 (Estimated)
OptionableNot Optionable

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Adesto Technologies (NASDAQ:IOTS) Frequently Asked Questions

How has Adesto Technologies' stock been impacted by COVID-19 (Coronavirus)?

Adesto Technologies' stock was trading at $11.45 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, IOTS shares have increased by 4.8% and is now trading at $12.00. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Adesto Technologies?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adesto Technologies in the last year. There are currently 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Adesto Technologies.

When is Adesto Technologies' next earnings date?

Adesto Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, June 2nd 2020. View our earnings forecast for Adesto Technologies.

How were Adesto Technologies' earnings last quarter?

Adesto Technologies Corp (NASDAQ:IOTS) issued its quarterly earnings data on Wednesday, November, 7th. The technology company reported ($0.04) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.05) by $0.01. The technology company earned $21.93 million during the quarter, compared to analysts' expectations of $20.11 million. Adesto Technologies had a negative net margin of 22.73% and a negative return on equity of 23.38%. View Adesto Technologies' earnings history.

What price target have analysts set for IOTS?

8 equities research analysts have issued 12 month target prices for Adesto Technologies' shares. Their forecasts range from $10.00 to $12.55. On average, they expect Adesto Technologies' stock price to reach $11.96 in the next twelve months. This suggests that the stock has a possible downside of 0.3%. View analysts' price targets for Adesto Technologies.

Has Adesto Technologies been receiving favorable news coverage?

Media coverage about IOTS stock has trended somewhat negative recently, InfoTrie reports. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Adesto Technologies earned a daily sentiment score of -1.7 on InfoTrie's scale. They also gave news articles about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutAdesto Technologies.

Are investors shorting Adesto Technologies?

Adesto Technologies saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 4,280,000 shares, an increase of 26.6% from the April 15th total of 3,380,000 shares. Based on an average daily volume of 1,140,000 shares, the short-interest ratio is presently 3.8 days. Currently, 17.0% of the shares of the stock are short sold. View Adesto Technologies' Current Options Chain.

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), Alibaba Group (BABA), Advanced Micro Devices (AMD), Corbus Pharmaceuticals (CRBP), Verizon Communications (VZ), Canopy Growth (CGC), NVIDIA (NVDA), Cronos Group (CRON) and STMicroelectronics (STM).

Who are Adesto Technologies' key executives?

Adesto Technologies' management team includes the following 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

What is Adesto Technologies' stock symbol?

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

Who are Adesto Technologies' major shareholders?

Adesto Technologies' stock is owned by a number of institutional and retail investors. Top institutional investors include Magnetar Financial LLC (6.44%), Arch Venture Corp (6.06%), BlackRock Inc. (5.97%), NWQ Investment Management Company LLC (3.40%), Water Island Capital LLC (2.77%) and Dupont Capital Management Corp (2.47%). Company insiders that own Adesto Technologies stock include David Aaron, Dermot Barry, Gideon D Intrater, Narbeh Derhacobian, Raphael Mehrbians, Ron Shelton, Sohrab Modi 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 Granahan Investment Management Inc. MA, Russell Investments Group Ltd., Arch Venture Corp, NWQ Investment Management Company LLC, Two Sigma Advisers LP, UBS Group AG, Parametric Portfolio Associates LLC, and Deutsche Bank AG. 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, Sohrab Modi, and Thomas D Spade. View insider buying and selling activity 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 Magnetar Financial LLC, Water Island Capital LLC, Dupont Capital Management Corp, Alpine Associates Management Inc., GABELLI & Co INVESTMENT ADVISERS INC., Morgan Stanley, Morgan Stanley, and Gabelli Funds LLC. View insider buying and selling activity 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 $12.00.

How big of a company is Adesto Technologies?

Adesto Technologies has a market capitalization of $371.54 million and generates $118.17 million in revenue each year. Adesto Technologies employs 265 workers across the globe.

What is Adesto Technologies' official website?

The official website for Adesto Technologies is 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]

This page was last updated on 5/28/2020 by MarketBeat.com Staff

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