IOTS - Adesto Technologies Corporation

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
7.23
-0.14 (-1.90%)
At close: 4:00PM EST
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Previous Close7.37
Open7.38
Bid7.17 x 800
Ask7.51 x 1200
Day's Range7.16 - 7.53
52 Week Range4.10 - 11.97
Volume196,203
Avg. Volume562,096
Market Cap219M
Beta (5Y Monthly)1.09
PE Ratio (TTM)N/A
EPS (TTM)-0.87
Earnings DateNov 5, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est12.00
  • Hedge Funds Have Never Been This Bullish On Adesto Technologies Corporation (IOTS)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Adesto Technologies Corporation (IOTS)

    Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […]

  • GlobeNewswire

    Adesto® to Participate at the Benchmark Discovery Conference on December 4

    Adesto Technologies Corporation (IOTS), a leading provider of innovative application-specific semiconductors and embedded systems for the IoT, today announced that Ron Shelton, chief financial officer, will participate at the Benchmark Discovery One-on-One Conference to be held at the New York Athletic Club on Wednesday, December 4, 2019. Portfolio managers and analysts who would like to request a meeting with management should contact their Benchmark Company representative or email: events@benchmarkcompany.com. Adesto Technologies Corporation (IOTS) is a leading provider of innovative application-specific semiconductors and embedded systems for the IoT.

  • Canaccord: 3 Small-Cap Tech Stocks With Over 40% Upside
    TipRanks

    Canaccord: 3 Small-Cap Tech Stocks With Over 40% Upside

    Based in the Pacific coast city of Vancouver, Canaccord is Canada’s independent investment brokerage. The firm has global reach, with offices in 10 countries including the US, UK, Germany, Hong Kong, and Singapore. Canaccord is licensed to list companies in 10 different stock exchanges around the world, in all the markets’ main sectors.To support the firm’s investment operations, Canaccord employs 140 stock and financial analysts, experts in their fields, to produce and publish up-to-date research materials on thousands of publicly traded companies.Today, we’ll look at three stocks recommended by Michael Walkley, a 5-star analyst from Canaccord rated 65 overall in TipRanks’ database of over 5,600 Wall Street analysts. Let’s see what he has to say about these three small-cap tech companies, and why he gives them the thumbs up.Inseego Corporation (INSG)Inseego, a NASDAQ-listed company valued at $216 million, specializes in IoT mobile solutions, developing mobile systems – modems and routers – that connect devices to networks. Inseego is making the transition to the new 5G networks, using the new connection technology to speed up intelligent IoT solutions in the device-to-cloud realm. In an October 21 statement, CEO Dan Mondor said, “Earlier this year, we introduced the first commercially available 5G NR mobile broadband hotspot, and now dozens of companies have adopted Inseego 5G solutions to power a new wave of applications.”In its most recent Q3 earnings report, INSG showed revenues of $62.72 million, beating the forecast by 5.4%. A solid performance, but the year-over-year gain underscored both the importance of IoT in today’s tech sector and the profit potential for successful transition to 5G. Inseego’s revenues were up a robust 23.8% from the year-ago quarter.However, earnings were less of a bright spot. INSG’s EPS was negative, showing a loss of 4 cents per share. The forecast had been for a 3-cent loss. The earnings loss was key for investors last week, and INSG has lost 14% since the quarterly release.Canaccord’s Walkley sees the current low price as a buying opportunity, bolstered by the growing shift toward 5G. Inseego’s status as an early hardware provider will give the company a solid foundation going forward. Walkley writes, “Given the growing global 5G opportunity, we believe Inseego has strong global customer engagements for its growing 5G product portfolio... We believe Inseego will deliver very strong 2H/2020 and C2021 growth as global carriers launch 5G networks… We anticipate strong revenue growth in 2H/20 and beyond with expanding margins as the 5G opportunities ramp and the overall business scales…” His price target, $8.50, suggests a powerful upside of 82% for the stock.Inseego has three recent analyst reviews, and all are Buys, making the Strong Buy consensus unanimous. The stock sells for a low $4.58 per share, and the average price target, $7.17, implies an upside of 57%. (See Inseego stock analysis on TipRanks)Adesto Technologies (IOTS)IoT is a hot sector these days, and the next stock on our list is another player in it. Adesto’s niche is distinct from Inseego’s; Adesto produces embedded systems and application-specific semiconductor chips for IoT devices. The company does not offer its components on the open market, selling instead to original equipment manufacturers who assemble products for end-users.Adesto’s customer base, over 5,000 strong worldwide, are companies engaged in building the coming 5G networks. They rely on Adesto’s advanced chips to run their devices and provide memory space. The company’s niche is essential, always a boon for small tech company, and has helped propel IOTS to a 63% year-to-date share price gain.IOTS’s recent earnings were as bright as the stock’s 2019 gains. Adesto reported a profit of 3 cents per share, beating the forecast of 2 cents and coming in far ahead of the year-ago quarter, when the company posted a loss of 4 cents per share. It was the fourth quarter in a row that IOTS has beaten the earnings estimates. Revenues were solid, at $32.03 million, 3% better than the forecast and 45% better year-over-year.Walkley started his review of IOTS by noting the earnings report, writing, “Adesto reported Q3/19 results with revenue of $32.0M consistent with our estimate and guidance with solid growth and outlook across all segments of the business. Non-GAAP gross margin of 50.7% was also in line with guidance, while operating expenses were below the lower end of the guidance range…” He went on to state the bottom line for his Buy rating on the stock: “Our positive investment thesis is based on our expectation that strong IoT endpoint growth over the next several years will require low-power and long-battery-life solutions that should benefit Adesto’s portfolio and its differentiated memory solutions.” Walkley’s $11 price target on the stock shows confidence in a 55% upside from current levels.Looking at the analyst consensus, Walkley’s estimate may be a bit conservative. IOTS has 5 recent "buy" ratings, for a unanimous Strong Buy consensus, and the average price target is $12.40 – giving the stock a 74% upside from the current price of $7.12. (See Adesto stock analysis on TipRanks)Digi International (DGII)Our third stock is another IoT company. Digi focuses on embedded and external communications solutions for both wired and wireless systems, as well as USB-based products. As a legacy of the company’s history, Digi also produces a line of multi-port serial boards. The company’s current line of products is based on the 4G platforms in widespread use.Looking ahead, Digi is planning for expansion. The company announced last week that it has signed an agreement to acquire IT infrastructure provider Opengear, in a deal worth $140 million in cash up front. Digi’s CEO Ron Konezny says of the acquisition, “Joining forces with Opengear gives customers an expansive, high-value, technology portfolio that is hardware enabled and software defined.” Final closure of the transaction awaits regulatory approval.Walkley believes that the Opengear deal, if approved and implemented, has potential to generate over $40 million in adjusted by the end of 2021. He writes, “We believe this transaction complements Digi’s Products & Services segment by adding a portfolio of products for the out-of-band services market, and we believe the technologies are similar to Digi’s offerings and the companies can move to a common platform to drive even further synergy opportunities.”Turning to DGII’s current situation, Walkley is equally optimistic. In his recent report on the stock, the top analyst takes a Buy position, saying, “We maintain our belief Digi will post strong double-digit growth for its IoT solutions business over the next several years and achieve its 3-5 year target of $50M to $100M in annual recurring revenue.” His $21 price target implies potential for 41% upside to the stock.Overall, analysts are upbeat on DGII. Three have given reviews in recent weeks, and all rated it a "buy," making the consensus another unanimous Strong Buy. At $14.77, DGII stock is priced at a bargain -- the $19 average price target suggests an upside of nearly 30%. (See Digi stock analysis on TipRanks)

  • GlobeNewswire

    New Smart Meter using Adesto®’s Memory and Communications Technologies Begins Pilot Program in Africa and Middle East

    Adesto Technologies Corporation (IOTS), a leading provider of innovative application-specific semiconductors and embedded systems for the IoT, announced that its Non-Volatile Memory (NVM) and Power Line Communications chips are designed into a new G3-PLC smart meter that is now in pilot production targeting utility providers in Tunisia, Egypt, and other countries. The new meter is available from SIAME (La Société Industrielle d'Appareillage et de Matériels Electriques), Tunisia’s leading energy metering company. It was developed by SIAME in collaboration with Adesto and I@T (Innov-Alliance-Tech), a Tunisian provider of engineering services.

  • Hedge Funds Have Never Been More Bullish On Adesto Technologies Corporation (IOTS)
    Insider Monkey

    Hedge Funds Have Never Been More Bullish On Adesto Technologies Corporation (IOTS)

    A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]

  • GlobeNewswire

    Adesto® FusionHD™ Selected as a Memory Product of the Year in 2019 ASPENCORE World Electronics Achievement Awards

    SANTA CLARA, Calif., Nov. 07, 2019 -- Adesto Technologies Corporation (NASDAQ: IOTS), a leading provider of innovative application-specific semiconductors and systems for the.

  • Thomson Reuters StreetEvents

    Edited Transcript of IOTS earnings conference call or presentation 5-Nov-19 10:00pm GMT

    Q3 2019 Adesto Technologies Corp Earnings Call

  • Adesto Technologies (IOTS) Q3 Earnings Beat Estimates
    Zacks

    Adesto Technologies (IOTS) Q3 Earnings Beat Estimates

    Adesto Tech (IOTS) delivered earnings and revenue surprises of 50.00% and -2.92%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Adesto® Reports Third Quarter 2019 Financial Results

    SANTA CLARA, Calif., Nov. 05, 2019 -- Adesto Technologies Corporation (NASDAQ: IOTS), a leading provider of innovative application-specific semiconductors and embedded systems.

  • How Does Investing In Adesto Technologies Corporation (NASDAQ:IOTS) Impact The Volatility Of Your Portfolio?
    Simply Wall St.

    How Does Investing In Adesto Technologies Corporation (NASDAQ:IOTS) Impact The Volatility Of Your Portfolio?

    If you're interested in Adesto Technologies Corporation (NASDAQ:IOTS), then you might want to consider its beta (a...

  • GlobeNewswire

    Adesto® to Participate at Upcoming Investor Events

    SANTA CLARA, Calif., Oct. 30, 2019 -- Adesto Technologies Corporation (NASDAQ: IOTS), a leading provider of innovative application-specific semiconductors and embedded systems.

  • Adesto Technologies (IOTS) Earnings Expected to Grow: Should You Buy?
    Zacks

    Adesto Technologies (IOTS) Earnings Expected to Grow: Should You Buy?

    Adesto Tech (IOTS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • GlobeNewswire

    Adesto® Joins STMicroelectronics Partner Program to Accelerate Time-to-Market for Customers

    SANTA CLARA, Calif., Oct. 29, 2019 -- Adesto Technologies Corporation (NASDAQ: IOTS), a leading provider of innovative application-specific semiconductors and systems for the.

  • GlobeNewswire

    Adesto to Announce Third Quarter 2019 Financial Results on November 5

    SANTA CLARA, Calif., Oct. 22, 2019 -- Adesto® Technologies Corporation (NASDAQ: IOTS), a leading provider of innovative application-specific semiconductors and embedded systems.

  • Adesto Technologies Corporation's (NASDAQ:IOTS) Shift From Loss To Profit
    Simply Wall St.

    Adesto Technologies Corporation's (NASDAQ:IOTS) Shift From Loss To Profit

    Adesto Technologies Corporation's (NASDAQ:IOTS): Adesto Technologies Corporation provides application-specific...

  • GlobeNewswire

    Adesto® Engages with the European Space Agency to Develop Next-Generation Satellite Communications Technology

    Adesto Technologies Corporation (IOTS), a leading provider of innovative application-specific semiconductors and systems for the IoT, announced it is engaging with the European Space Agency (ESA) through the agency’s ARTES Competitiveness and Growth (C&G) program to develop technologies for next-generation mobile satellite communications. Under the co-funded contract, Adesto will develop innovative technologies including a new receiver architecture, IP blocks for satellite and 5G millimeter wave frequencies, a new Analog to Digital Converter (ADC), and unique discrete time analog filtering. Based on these complementary technologies, as a follow-up of the activity, Adesto will develop an ASIC product that its customers can use to create configurable satellite terminals with full digital beamforming capabilities and support for multiple satellite networks, including Geostationary Equatorial Orbit (GEO), Medium Earth Orbit (MEO) and Low Earth Orbit (LEO).

  • GlobeNewswire

    Adesto® Collaborates with Microsoft to Accelerate Internet of Things Solutions

    Adesto Technologies Corporation (IOTS), a leading provider of innovative application-specific semiconductors and systems for the Internet of Things (IoT), announced it has joined Microsoft Azure Certified for IoT, ensuring customers can get solutions based on its SmartServer™ IoT up and running quickly with hardware and software that has been pre-tested and verified to work with Microsoft Azure IoT services. Microsoft Azure Certified for IoT allows businesses to reach customers where they are, working with an ecosystem of devices and platforms, allowing for faster time to production.

  • Adesto and Cadence Collaborate to Expand xSPI Ecosystem for Emerging IoT Devices
    Business Wire

    Adesto and Cadence Collaborate to Expand xSPI Ecosystem for Emerging IoT Devices

    Cadence provides first-to-market memory model for JEDEC xSPI standard with support for Adesto EcoXiP NOR flash memory

  • GlobeNewswire

    Adesto® Reaches Shipment Milestone of One Billion Non-Volatile Memory Devices

    Adesto Technologies Corporation (IOTS), a leading provider of innovative application-specific semiconductors and systems for the IoT, announced it has now shipped more than one billion units of its non-volatile memory (NVM) products. Adesto®’s NVM portfolio comprises a range of devices that help designers to optimize their systems for their specific applications. Adesto’s EcoXiP™ Octal xSPI memory was designed from the ground-up to be the ultimate solution for serving as the main program memory in an intelligent IoT system.

  • Is There An Opportunity With Adesto Technologies Corporation's (NASDAQ:IOTS) 38% Undervaluation?
    Simply Wall St.

    Is There An Opportunity With Adesto Technologies Corporation's (NASDAQ:IOTS) 38% Undervaluation?

    Today we will run through one way of estimating the intrinsic value of Adesto Technologies Corporation (NASDAQ:IOTS...

  • GlobeNewswire

    Adesto Technologies Corporation Announces Pricing of Private Offering of $70.0 Million of 4.25% Convertible Senior Notes Due 2024

    Adesto Technologies Corporation (IOTS) announced today the pricing of $70.0 million aggregate principal amount of 4.25% Convertible Senior Notes due 2024 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A (“Rule 144A”) promulgated under the Securities Act of 1933, as amended (the “Act”) (such offering, the “offering”). Adesto also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $10.5 million aggregate principal amount of the notes. Upon conversion, the notes may be settled in shares of Adesto common stock, cash, or a combination thereof, at the election of Adesto.

  • GlobeNewswire

    Adesto Technologies Corporation Announces Proposed Private Offering of Convertible Senior Notes Due 2024

    Adesto Technologies Corporation (IOTS) announced today that it intends to offer, subject to market conditions and other factors, Convertible Senior Notes due 2024 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A (“Rule 144A”) promulgated under the Securities Act of 1933, as amended (the “Act”) (such offering, the “offering”). Adesto also intends to grant to the initial purchaser of the notes a 13-day option to purchase additional notes. Upon conversion, the notes may be settled in shares of Adesto common stock, cash, or a combination thereof, at the election of Adesto.

  • We Think Adesto Technologies (NASDAQ:IOTS) Has A Fair Chunk Of Debt
    Simply Wall St.

    We Think Adesto Technologies (NASDAQ:IOTS) Has A Fair Chunk Of Debt

    Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

  • Will Adesto Continue to Surge Higher?
    Zacks

    Will Adesto Continue to Surge Higher?

    As of late, it has definitely been a great time to be an investor Adesto.

  • GlobeNewswire

    Adesto to Participate at Jefferies Semiconductor, Hardware and Communications Infrastructure Summit on August 27

    SANTA CLARA, Calif., Aug. 14, 2019 -- Adesto® Technologies Corporation (NASDAQ: IOTS), a leading provider of innovative application-specific semiconductors and embedded systems.