Adesto Technologies Corp (IOTS) is Reiterated by Needham to Strong Buy, Lowers Price Target to $ 8

Adesto Technologies Corp (IOTS) was Reiterated by Needham to “Strong Buy” while Lowering the Price Target of the company shares to $ 8 from a previous price target of $10 . Needham advised their investors in a research report released on Apr 14, 2016.

Many Wall Street Analysts have commented on Adesto Technologies Corp. Shares were Reiterated by The Benchmark Company on Apr 13, 2016 to “Buy” and Lowered the Price Target to $ 8 from a previous price target of $9 .The Benchmark Company Initiated Adesto Technologies Corp on Feb 19, 2016 to “Buy”, Price Target of the shares are set at $9.

On the company’s financial health, Adesto Technologies Corp reported $-0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $-0.09. The company had revenue of $11.83 million for the quarter, compared to analysts expectations of $11.83 million. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.

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.

Adesto Technologies Corp

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