Somewhat Favorable News Coverage Somewhat Unlikely to Affect Adesto Technologies Corporation (NASDAQ:IOTS) Stock Price
News headlines about Adesto Technologies Corporation (NASDAQ:IOTS) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog 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 media sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.5123672679514 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- Contrasting Adesto Technologies Corporation (IOTS) and EVERSPIN TECH (MRAM) (americanbankingnews.com)
- Adesto Technologies Corporation (IOTS) Presents At Canaccord Genuity 37th Annual Growth Conference – Slideshow (seekingalpha.com)
- Adesto Technologies Corporation (IOTS) Lifted to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Adesto Technologies Corporation (NASDAQ:IOTS) To Report Earnings (lazeresportes.com)
- Which Analysts Are Watching Adesto Technologies Corporation (IOTS)? (footballhebdo.com)
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Adesto Technologies Corporation from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research report on Thursday. Benchmark Co. upped their price objective on 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 upgraded Adesto Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Needham & Company LLC restated a “strong-buy” rating and set a $10.00 price objective (up from $7.00) on shares of Adesto Technologies Corporation in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $6.81.
Shares of Adesto Technologies Corporation (NASDAQ:IOTS) traded up 5.50% during mid-day trading on Monday, hitting $5.75. The company had a trading volume of 19,706 shares. The company’s market capitalization is $93.97 million. The company’s 50-day moving average is $4.83 and its 200 day moving average is $4.54. Adesto Technologies Corporation has a one year low of $1.50 and a one year high of $6.10.
Adesto Technologies Corporation (NASDAQ:IOTS) last posted its earnings results on Thursday, August 3rd. The technology company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Adesto Technologies Corporation had a negative return on equity of 44.81% and a negative net margin of 21.41%. The business had revenue of $13.40 million during the quarter, compared to analysts’ expectations of $12.98 million. During the same period in the previous year, the business earned ($0.21) earnings per share. The firm’s revenue was up 30.1% on a year-over-year basis. On average, equities research analysts forecast that Adesto Technologies Corporation will post ($0.13) EPS for the current fiscal year.
Adesto Technologies Corporation Company Profile
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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