Adesto Technologies Corporation, together with its subsidiaries, provides application-specific and ultra-low power non-volatile memory products. The company offers standard serial flash products, including DataFlash for data-logging applications, such as industrial automation, home automation sensing, and health and fitness tracking; Fusion Flash for use in various high-volume consumer applications comprising wearables, mobile, and other applications; and EcoXip that enables enhanced processor performance and reduced system power consumption. It also provides conductive bridging random access memory based products, which include Mavriq for Internet of Things 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 directly 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.
Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:IOTS
CUSIPN/A
Phone408-400-0578
Debt
Debt-to-Equity Ratio0.30
Current Ratio2.39
Quick Ratio2.03
Price-To-Earnings
Trailing P/E Ratio-36.88
Forward P/E Ratio-295.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$56.11 million
Price / Sales3.38
Cash FlowN/A
Price / CashN/A
Book Value$1.56 per share
Price / Book5.67
Profitability
EPS (Most Recent Fiscal Year)($0.24)
Net Income$-5,680,000.00
Net Margins-6.68%
Return on Equity-2.28%
Return on Assets-1.21%
Miscellaneous
Employees102
Outstanding Shares21,450,000
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 Wednesday, May, 9th. The technology company reported ($0.02) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.03) by $0.01. The technology company earned $15.30 million during the quarter, compared to the consensus estimate of $14.91 million. Adesto Technologies had a negative net margin of 6.68% and a negative return on equity of 2.28%. View Adesto Technologies' Earnings History.
When is Adesto Technologies' next earnings date?
What price target have analysts set for IOTS?
4 analysts have issued 12 month target prices for Adesto Technologies' stock. Their forecasts range from $7.00 to $12.00. On average, they expect Adesto Technologies' share price to reach $9.8750 in the next twelve months. 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. " (1/10/2018)
- 2. Needham & Company LLC analysts commented, "Last week we hosted an investor call will Narbeh Derhacobian, CEO, and Ron Shelton, CFO, of Adesto Technologies. Adesto’s Design wins are accelerating with 80 wins in 2Q17 ($8M annual run rate potential) and expects win dollar amount to increase 70% Y/Y (2H16 vs. 2H17). We believe that Adesto is targeting a $1B TAM for connected IoT devices (10B units today growing to 25B by 2020) and is seeing both expanding addressable markets with the introduction of new products as well as design win momentum. We believe that Adesto can grow its business to $100M run rate as 1) existing products are expected to grow at ~30% CAGR Y/Y and 2) new products (Mavriq and EcoXip) address 1B+ units markets each with ASPs of $0.10-$0.15 and $0.30-$0.40 respectively." (9/25/2017)
Who are some of Adesto Technologies' key competitors?
Some companies that are related to Adesto Technologies include Canadian Solar (CSIQ), CEVA (CEVA), Ultra Clean (UCTT), ChipMOS Technologies (IMOS), Enphase Energy (ENPH), Photronics (PLAB), Ichor (ICHR), NVE (NVEC), Quantenna Communications (QTNA), Hanwha Q Cells (HQCL), Aquantia (AQ), JinkoSolar (JKS), Alpha and Omega Semiconductor (AOSL), Daqo New Energy (DQ) and Magnachip Semiconductor (MX).
Who are Adesto Technologies' key executives?
Adesto Technologies' management team includes the folowing people:
- Mr. Narbeh Derhacobian, Co-Founder, Pres, CEO & Director (Age 55)
- Mr. Ronald K. Shelton, CFO & Sec. (Age 56)
- Mr. Gideon Intrater, Chief Technology Officer (Age 57)
- Mr. Shane Hollmer, Co-Founder & VP of Engineering (Age 50)
- Mr. Ishai Naveh, Co-Founder & VP of Bus. Devel. (Age 60)
Has Adesto Technologies been receiving favorable news coverage?
News stories about IOTS stock have trended somewhat negative recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Adesto Technologies earned a coverage optimism score of -0.02 on Accern's scale. They also assigned headlines about the technology company an impact score of 44.81 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are Adesto Technologies' major shareholders?
Adesto Technologies' stock is owned by a variety of of retail and institutional investors. Top institutional investors include 180 DEGREE CAPITAL CORP. Total Shares: 1,242,938 (5.80%), Nokomis Capital L.L.C. (4.42%), Unterberg Capital LLC (3.04%), Russell Investments Group Ltd. (1.63%), Timpani Capital Management LLC (0.92%) and Millennium Management LLC (0.62%). Company insiders that own Adesto Technologies stock include Applied Materials Inc /De, Gideon D Intrater, Ishai Naveh, Janet Wang, Narbeh Derhacobian, Raphael Mehrbians, Ron Shelton, 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 Millennium Management LLC and Russell Investments Group Ltd.. Company insiders that have sold Adesto Technologies company stock in the last year include Gideon D Intrater, Ishai Naveh, Janet Wang, Raphael Mehrbians, Shane Hollmer and Thomas D Spade. 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 Unterberg Capital LLC, Nokomis Capital L.L.C., Algert Global LLC, Timpani Capital Management LLC, Spark Investment Management LLC, JPMorgan Chase & Co. and Element Capital Management LLC. Company insiders that have bought Adesto Technologies stock in the last two years include Narbeh Derhacobian and Ron Shelton. 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 $8.85.
How big of a company is Adesto Technologies?
Adesto Technologies has a market capitalization of $182.37 million and generates $56.11 million in revenue each year. The technology company earns $-5,680,000.00 in net income (profit) each year or ($0.24) on an earnings per share basis. Adesto Technologies employs 102 workers across the globe.
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 (IOTS)
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.
