Adesto Technologies (NASDAQ:IOTS) is set to issue 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 announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $15.24 million for the quarter, compared to the consensus estimate of $14.50 million. During the same period in the prior year, the firm posted ($0.19) earnings per share. The firm’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 twelve month low of $3.36 and a twelve month high of $9.20. The stock has a market cap of $126.83, a price-to-earnings ratio of -13.22, a P/E/G ratio of 2.67 and a beta of 1.86. The company has a current ratio of 4.41, a quick ratio of 3.98 and a debt-to-equity ratio of 0.41.
In other news, VP Raphael Mehrbians sold 7,109 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $7.83, for a total value of $55,663.47. Following the completion of the sale, the vice president now directly owns 13,850 shares in the company, valued at $108,445.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Ishai Naveh sold 10,000 shares of the stock in a transaction dated 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 sale, the vice president now owns 156,806 shares of the company’s stock, valued at $1,227,790.98. The disclosure for this sale can be found here. Insiders have sold 62,094 shares of company stock valued at $505,320 over the last 90 days. 22.10% of the stock is currently owned by company insiders.
A hedge fund recently raised its stake in Adesto Technologies stock. Vanguard Group Inc. grew its holdings in Adesto Technologies Corp (NASDAQ:IOTS) by 5.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,943 shares of the technology company’s stock after buying an additional 6,786 shares during the period. Vanguard Group Inc. owned 0.80% of Adesto Technologies worth $578,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 37.94% of the company’s stock.
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.
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