Published On: Thu, Sep 8th, 2016

Auto Draft

Adesto Technologies Corp. (NASDAQ: IOTS) has recently received a number of price target changes and ratings updates:

9/5/2016 – Adesto Technologies Corp. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “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. “
9/1/2016 – Adesto Technologies Corp. is now covered by analysts at Roth Capital. They set a “buy” rating and a $4.00 price target on the stock.
8/30/2016 – Adesto Technologies Corp. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “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. “
8/22/2016 – Adesto Technologies Corp. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “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. “
8/16/2016 – Adesto Technologies Corp. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “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. “
8/10/2016 – Adesto Technologies Corp. had its price target lowered by analysts at Needham & Company LLC from $6.00 to $4.00. They now have a “strong-buy” rating on the stock.
8/9/2016 – Adesto Technologies Corp. had its “strong-buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $4.00 price target on the stock, down previously from $6.00. They wrote, “We are reducing our PT to $4 (vs. $6) following a mixed report. The lower revenue forecast continues to be affected by softer demand in the consumer and computing markets, partially offset by industrial. The consumer segment is accounting for an increasingly higher proportion of the total dollar value opportunity, thus hampering visibility. However, Adesto remains confident that it can grow 15% in the 2H vs. 1H, reflecting a rebound in consumer sales, & new products ramping exiting the year — ExoChip CBRAM, and new product families within Data Flash targeting China Smart Meter market. Moreover, given current consolidation in the semiconductor industry and Adesto’s key technology assets, specifically in IoT memory, we believe the stock is worth $4 (1.1x ’17 EV/sales).””

Adesto Technologies Corp. (NASDAQ:IOTS) opened at 2.36 on Thursday. The company’s 50-day moving average is $2.94 and its 200-day moving average is $4.07. Adesto Technologies Corp. has a 52-week low of $2.22 and a 52-week high of $8.50. The company’s market capitalization is $35.53 million.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/08/investment-analysts-recent-ratings-changes-for-adesto-technologies-corp-iots.html

Adesto Technologies Corp. (NASDAQ:IOTS) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.02. During the same period in the prior year, the firm posted ($0.15) earnings per share. The company had revenue of $10.30 million for the quarter, compared to analyst estimates of $10.20 million. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts expect that Adesto Technologies Corp. will post ($0.71) earnings per share for the current fiscal year.
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.

Receive News & Ratings for Adesto Technologies Corp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Adesto Technologies Corp and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>