Adesto Technologies Corporation (IOTS) Getting Somewhat Favorable Media Coverage, Report Shows
Press coverage about Adesto Technologies Corporation (NASDAQ:IOTS) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Adesto Technologies Corporation earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.0156791389715 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Adesto Technologies Corporation (IOTS) Announces Earnings Results (americanbankingnews.com)
- Edited Transcript of IOTS earnings conference call or presentation 3-Aug-17 9:00pm GMT (finance.yahoo.com)
- Adesto Tech reports 2Q loss (finance.yahoo.com)
- Adesto Technologies Reports Second Quarter 2017 Financial Results (finance.yahoo.com)
- Adesto Technologies to Present at the Canaccord Genuity Conference on August 9 (finance.yahoo.com)
A number of equities analysts have recently commented on IOTS shares. Needham & Company LLC raised their price objective on shares of Adesto Technologies Corporation from $6.00 to $7.00 and gave the company a “strong-buy” rating in a research report on Friday, May 12th. Zacks Investment Research lowered shares of Adesto Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. ValuEngine upgraded shares of Adesto Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Benchmark Co. raised their price objective on shares of Adesto Technologies Corporation from $5.00 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, July 4th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $5.75.
Adesto Technologies Corporation (NASDAQ IOTS) traded up 5.56% during trading on Monday, hitting $5.70. 249,630 shares of the stock were exchanged. Adesto Technologies Corporation has a 1-year low of $1.50 and a 1-year high of $6.10. The company has a 50-day moving average price of $4.63 and a 200 day moving average price of $4.46. The firm’s market capitalization is $90.28 million.
Adesto Technologies Corporation (NASDAQ:IOTS) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.03. The company had revenue of $13.40 million during the quarter, compared to the consensus estimate of $12.98 million. Adesto Technologies Corporation had a negative return on equity of 44.81% and a negative net margin of 21.41%. The firm’s revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.21) EPS. Equities analysts predict that Adesto Technologies Corporation will post ($0.19) earnings per share 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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