The stock of Adesto Technologies Corp (NASDAQ:IOTS) is a huge mover today! About 72,823 shares traded hands or 127.88% up from the average. Adesto Technologies Corp (NASDAQ:IOTS) has declined 53.75% since March 2, 2016 and is downtrending. It has underperformed by 62.01% the S&P500.
The move comes after 6 months negative chart setup for the $40.87M company. It was reported on Oct, 5 by Barchart.com. We have $2.25 PT which if reached, will make NASDAQ:IOTS worth $4.09M less.
Analysts await Adesto Technologies Corp (NASDAQ:IOTS) to report earnings on November, 10. They expect $-0.20 EPS, up 9.09% or $0.02 from last year’s $-0.22 per share. After $-0.27 actual EPS reported by Adesto Technologies Corp for the previous quarter, Wall Street now forecasts -25.93% EPS growth.
Adesto Technologies Corp (NASDAQ:IOTS) Ratings Coverage
Out of 6 analysts covering Adesto Technologies (NASDAQ:IOTS), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Adesto Technologies has been the topic of 8 analyst reports since November 23, 2015 according to StockzIntelligence Inc. Roth Capital initiated the shares of IOTS in a report on Monday, November 23 with “Buy” rating. The rating was initiated by TH Capital with “Buy” on Monday, November 23. On Thursday, September 1 the stock rating was initiated by Roth Capital with “Buy”. As per Friday, February 19, the company rating was initiated by Bernstein. Oppenheimer initiated Adesto Technologies Corp (NASDAQ:IOTS) on Monday, November 23 with “Outperform” rating. The firm has “Buy” rating given on Friday, February 19 by Benchmark. The stock of Adesto Technologies Corp (NASDAQ:IOTS) has “Strong Buy” rating given on Monday, November 23 by Needham. The firm earned “Strong Buy” rating on Wednesday, August 10 by Needham.
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.”
More news for Adesto Technologies Corp (NASDAQ:IOTS) were recently published by: Marketwatch.com, which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on October 28, 2015. Quotes.Wsj.com‘s article titled: “News Adesto Technologies Corp.IOTS” and published on September 18, 2015 is yet another important article.
IOTS Company Profile
Adesto Technologies Corporation, incorporated on May 13, 2015, is a well-known provider of application-specific and ultra-low power non-volatile memory products. The Firm 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. It operates in application-specific and feature-rich, ultra-low power non-volatile memory (NVM) products segment. It combines its non-volatile memory design capabilities with intellectual property and differentiated technology platforms to deliver products that manage the overall energy consumption of its customers’ systems and battery life. The Company’s products feature embedded intelligence in a small form factor. It sells its products directly to original equipment manufacturers (OEMs) and original design manufacturers (ODMs), respectively that manufacture products for its end customers. In general, it works directly with its clients to have its NVM devices designed into and qualified for their products, which it refers to as design wins. Although it maintains direct sales, support and development relationships with its end customers, most of its products are sold to those end clients through distributors.
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