News articles about Adesto Technologies Corporation (NASDAQ:IOTS) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group ranks 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 -1 to 1, with scores nearest to one being the most favorable. Adesto Technologies Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.4887817389205 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Reviewing EVERSPIN TECH (MRAM) and Adesto Technologies Corporation (IOTS) (americanbankingnews.com)
- Adesto Technologies Corp (IOTS) Getting Somewhat Favorable News Coverage, Study Finds (footballhebdo.com)
- Needham & Company LLC Reaffirms Strong-Buy Rating for Adesto Technologies Corporation (IOTS) (overnewsmagazine.com)
- Adesto Technologies Corporation (NASDAQ:IOTS) Shares Bought by Spark Investment Management LLC (campdesrecrues.com)
- Contrasting Adesto Technologies Corporation (IOTS) and EVERSPIN TECH (MRAM) (americanbankingnews.com)
IOTS has been the topic of several recent research reports. Needham & Company LLC boosted their price objective on shares of Adesto Technologies Corporation from $6.00 to $7.00 and gave the stock a “strong-buy” rating in a research note on Friday, May 12th. Benchmark Co. upped their price objective on shares of Adesto Technologies Corporation from $5.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, July 4th. ValuEngine cut shares of Adesto Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Finally, Zacks Investment Research cut shares of Adesto Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $6.81.
Adesto Technologies Corporation (NASDAQ IOTS) opened at 6.50 on Friday. Adesto Technologies Corporation has a 52 week low of $1.50 and a 52 week high of $6.65. The company’s market capitalization is $136.13 million. The company’s 50-day moving average is $5.07 and its 200 day moving average is $4.63.
Adesto Technologies Corporation (NASDAQ:IOTS) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Adesto Technologies Corporation had a negative return on equity of 35.81% and a negative net margin of 21.41%. The business had revenue of $13.40 million for the quarter, compared to analyst estimates of $12.98 million. During the same quarter in the prior year, the company posted ($0.21) EPS. The company’s quarterly revenue was up 30.1% on a year-over-year basis. On average, analysts forecast that Adesto Technologies Corporation will post ($0.13) EPS for the current fiscal year.
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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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