Headlines about Adesto Technologies Corporation (NASDAQ:IOTS) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Adesto Technologies Corporation earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 44.9082813822601 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Adesto Technologies Corporation (NASDAQ:IOTS) opened at 7.95 on Wednesday. The company’s market cap is $166.50 million. Adesto Technologies Corporation has a 1-year low of $1.50 and a 1-year high of $7.95. The stock’s 50 day moving average price is $7.20 and its 200 day moving average price is $4.34.
Adesto Technologies Corporation (NASDAQ:IOTS) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $13.40 million during the quarter, compared to analysts’ expectations of $12.98 million. Adesto Technologies Corporation had a negative return on equity of 35.81% and a negative net margin of 21.41%. Adesto Technologies Corporation’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.21) earnings per share. On average, equities analysts anticipate that Adesto Technologies Corporation will post ($0.13) earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on IOTS shares. ValuEngine raised Adesto Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Adesto Technologies Corporation from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research report on Thursday, June 29th. Benchmark Co. raised their target price on Adesto Technologies Corporation from $5.00 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, July 4th. Finally, Needham & Company LLC reaffirmed a “strong-buy” rating and set a $10.00 target price (up from $7.00) on shares of Adesto Technologies Corporation in a research report on Wednesday, August 9th.
In related news, VP Ishai Naveh sold 21,706 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $6.32, for a total transaction of $137,181.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.10% of the stock is currently owned by corporate insiders.
About Adesto Technologies Corporation
Adesto Technologies Corporation is a provider of application-specific and ultra-low power non-volatile memory products. The Company optimizes its non-volatile memory products for Internet of Things (IoT), applications, including current and next-generation Internet-connected devices in the consumer, industrial, medical and wearables markets.
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