Revenue Update on Adesto Technologies Corp(NASDAQ:IOTS)

Adesto Technologies Corp(NASDAQ:IOTS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $12.330M. Analysts estimated a revenue of $12.200M. The revenues were 1.07% above the estimates. Earnings per share were $-0.04. The reported EPS was above estimates by 69.23%. Analysts had estimated an EPS of $-0.13.

Adesto Technologies Corp (IOTS) shares turned negative on Wednesdays trading session with the shares closing down -0.1 points or -2.30% at a volume of 81,153. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.35. The peak price level was also seen at $4.35 while the days lowest was $4.2. Finally the shares closed at $4.25. The 52-week high of the shares is $5.85 while the 52-week low is $1.5. According to the latest information available, the market cap of the company is $66 M.

Several Insider Transactions has been reported to the SEC. On Nov 23, 2016, Narbeh Derhacobian (CEO) purchased 10,000 shares at $1.76 per share price.Also, On Nov 17, 2016, Ron Shelton (CFO) purchased 10,000 shares at $2.03 per share price.On Nov 10, 2016, Janet Wang (VP, Discrete Products Group) sold 14,086 shares at $1.74 per share price, according to the Form-4 filing with the securities and exchange commission.

Adesto Technologies Corporation is a provider of application-specific non-volatile memory (NVM) products. The Company optimizes its NVM products for Internet of Things (IoT) applications including Internet-connected devices in the consumer electronics industrial medical and wearables markets. The Company’s NVM product families include DataFlash Fusion Flash and Mavriq. The Company’s products offer different feature sets and architectures and are organized into three product families based on two silicon technology platforms: floating gate and Conductive Bridging Random Access Memory (CBRAM). The Company sells its products directly to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) that manufacture products for its end customers.

Add Comment