Oppenheimer Downgrades Adesto Technologies Corp to Sector Weightq

Brokerage firm Oppenheimer Downgrades its rating on Adesto Technologies Corp(NASDAQ:IOTS). The shares have been rated Sector Weightq. Previously, the analysts had a Overweight rating on the shares. The rating by Oppenheimer was issued on Apr 14, 2016.

In a different note, Bernstein said it Initiates Coverage on Adesto Technologies Corp, according to a research note issued on Feb 19, 2016. The shares have been rated ‘Buy’ by the firm.

Adesto Technologies Corp(IOTS) last announced its earnings results on Feb 11, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $11.83M. Analysts had an estimated revenue of $11.83M. Earnings per share were $-0.07. Analysts had estimated an EPS of $-0.10.

Several Insider Transactions has been reported to the SEC. On Oct 28, 2015, Keith Crandell (director 10% owner) purchased 400,000 shares at $5.00 per share price.

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.

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