News headlines about Adesto Technologies (NASDAQ:IOTS) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Adesto Technologies earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.655143783975 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Adesto Technologies (IOTS) Upgraded to C- by TheStreet (americanbankingnews.com)
- Adesto Technologies Corporation (IOTS) Tops Q4 EPS by 1c (streetinsider.com)
- Adesto Technologies (IOTS) Posts Earnings Results (americanbankingnews.com)
- Adesto Technologies Reports Fourth Quarter and Full Year 2017 Financial Results (finance.yahoo.com)
- Street expectation from Adesto Technologies Corporation(IOTS), Aircastle Limited(AYR), America Movil(AMX), AllianceBernstein Holding L.P.(AB) Today (stockmarketdaily.co)
Several research analysts have weighed in on IOTS shares. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Adesto Technologies in a research note on Thursday, November 9th. Zacks Investment Research raised shares of Adesto Technologies from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research note on Wednesday, November 15th. Finally, TheStreet raised shares of Adesto Technologies from a “d” rating to a “c-” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $8.67.
Adesto Technologies (NASDAQ:IOTS) last announced its earnings results on Tuesday, February 13th. The technology company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The company had revenue of $16.15 million during the quarter, compared to analyst estimates of $16.00 million. Adesto Technologies had a negative net margin of 10.14% and a negative return on equity of 9.06%. sell-side analysts anticipate that Adesto Technologies will post 0.15 EPS for the current fiscal year.
In other news, insider Gideon D. Intrater sold 3,572 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $8.09, for a total value of $28,897.48. Following the completion of the transaction, the insider now owns 75,708 shares of the company’s stock, valued at $612,477.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Ishai Naveh sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $7.83, for a total transaction of $78,300.00. Following the completion of the transaction, the vice president now directly owns 156,806 shares of the company’s stock, valued at approximately $1,227,790.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,985 shares of company stock valued at $366,357. 22.10% of the stock is currently owned by insiders.
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Adesto Technologies 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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