Adesto Technologies Stock Price, News & Analysis (NASDAQ:IOTS)

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

Adesto Technologies Corp (NASDAQ:IOTS) issued its quarterly earnings data on Tuesday, August, 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). The technology company had revenue of $30.16 million for the quarter, compared to analyst estimates of $30.02 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.

Adesto Technologies is scheduled to release their next quarterly earnings announcement on Wednesday, November 6th 2019. View Earnings Estimates for Adesto Technologies.

Adesto Technologies updated its third quarter 2019 earnings guidance on Tuesday, August, 6th. The company provided earnings per share (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.

4 brokerages have issued 12 month target prices for Adesto Technologies' stock. Their forecasts range from $10.00 to $13.00. On average, they anticipate Adesto Technologies' share price to reach $11.50 in the next year. This suggests a possible upside of 31.0% from the stock's current price. View Analyst Price Targets for Adesto Technologies.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adesto Technologies in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Adesto Technologies.

News articles about IOTS stock have trended very negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Adesto Technologies earned a news impact score of -3.2 on InfoTrie's scale. They also gave news coverage 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 company's share price in the near term. View News Stories for Adesto Technologies.

Adesto Technologies saw a increase in short interest in September. As of September 30th, there was short interest totalling 3,690,000 shares, an increase of 218.1% from the August 30th total of 1,160,000 shares. Based on an average trading volume of 510,700 shares, the short-interest ratio is presently 7.2 days. Approximately 14.6% of the company's stock are sold short. View Adesto Technologies' Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Adesto Technologies investors own include AT&T (T), Petra Diamonds (PDL), Ford Motor (F), Corbus Pharmaceuticals (CRBP), Cronos Group (CRON), AVEO Pharmaceuticals (AVEO), Advanced Micro Devices (AMD), Prospect Capital (PSEC), Splunk (SPLK) and Tandem Diabetes Care (TNDM).

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 $8.78.

Adesto Technologies has a market capitalization of $264.01 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]