Adesto Technologies (NASDAQ:IOTS) will be issuing its quarterly earnings data after the market closes on Tuesday, February 13th. Analysts expect the company to announce earnings of $0.02 per share for the quarter.

Adesto Technologies (NASDAQ:IOTS) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. Adesto Technologies had a negative net margin of 13.86% and a negative return on equity of 16.47%. The business had revenue of $15.24 million during the quarter, compared to analysts’ expectations of $14.50 million. During the same period in the prior year, the business earned ($0.19) earnings per share. The company’s quarterly revenue was up 36.3% compared to the same quarter last year. On average, analysts expect Adesto Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Adesto Technologies (NASDAQ:IOTS) opened at $5.95 on Tuesday. Adesto Technologies has a 12-month low of $3.36 and a 12-month high of $9.20. The stock has a market cap of $126.83, a PE ratio of -13.22, a P/E/G ratio of 2.67 and a beta of 1.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.98 and a current ratio of 4.41.

IOTS has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Adesto Technologies from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Wednesday, November 15th. Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of Adesto Technologies in a research report on Thursday, November 9th.

In other Adesto Technologies news, VP Ishai Naveh sold 11,413 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $8.11, for a total transaction of $92,559.43. Following the completion of the transaction, the vice president now owns 115,393 shares of the company’s stock, valued at $935,837.23. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Thomas D. Spade sold 10,000 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $8.33, for a total transaction of $83,300.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,094 shares of company stock valued at $505,320. 22.10% of the stock is owned by company insiders.

A hedge fund recently raised its stake in Adesto Technologies stock. Vanguard Group Inc. boosted its stake in shares of Adesto Technologies Corp (NASDAQ:IOTS) by 5.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,943 shares of the technology company’s stock after buying an additional 6,786 shares during the quarter. Vanguard Group Inc. owned 0.80% of Adesto Technologies worth $578,000 as of its most recent SEC filing. 37.94% of the stock is currently owned by institutional investors.

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About Adesto Technologies

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.

Earnings History for Adesto Technologies (NASDAQ:IOTS)

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