Adesto Technologies (IOTS) Releases Q4 2018 Earnings Guidance

Adesto Technologies (NASDAQ:IOTS) updated its fourth quarter 2018 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.27-0.30 for the period.

A number of brokerages have recently weighed in on IOTS. ValuEngine raised shares of Adesto Technologies from a sell rating to a hold rating in a research report on Friday, October 12th. Needham & Company LLC reissued a buy rating and set a $12.00 price target on shares of Adesto Technologies in a research report on Wednesday, August 8th. B. Riley reduced their price target on shares of Adesto Technologies from $11.00 to $9.50 and set a buy rating on the stock in a research report on Thursday, August 2nd. TheStreet cut shares of Adesto Technologies from a c- rating to a d+ rating in a research report on Monday, July 30th. Finally, Cowen began coverage on shares of Adesto Technologies in a research report on Monday, July 30th. They set an outperform rating and a $8.00 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of $9.86.

IOTS opened at $5.27 on Friday. The firm has a market capitalization of $131.41 million, a P/E ratio of -21.96 and a beta of 1.67. Adesto Technologies has a 12 month low of $3.51 and a 12 month high of $10.80. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 0.89.

Adesto Technologies (NASDAQ:IOTS) last posted its quarterly earnings data on Wednesday, November 7th. The technology company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. Adesto Technologies had a negative net margin of 11.29% and a negative return on equity of 8.04%. As a group, equities analysts forecast that Adesto Technologies will post -0.3 EPS for the current year.

An institutional investor recently raised its position in Adesto Technologies stock. Bank of New York Mellon Corp boosted its stake in Adesto Technologies Corp (NASDAQ:IOTS) by 338.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,171 shares of the technology company’s stock after acquiring an additional 36,416 shares during the quarter. Bank of New York Mellon Corp owned 0.16% of Adesto Technologies worth $396,000 as of its most recent SEC filing. 38.70% of the stock is owned by institutional investors and hedge funds.

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Adesto Technologies Company Profile

Adesto Technologies Corporation, together with its subsidiaries, provides application-specific semiconductors for the Internet of Things (IoT) era. Its portfolio of semiconductor and embedded technologies are optimized for connected IoT devices used in industrial, consumer, communications, and medical applications.

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Earnings History and Estimates for Adesto Technologies (NASDAQ:IOTS)

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