Needham & Company LLC Reaffirms Strong-Buy Rating for Adesto Technologies Corporation (IOTS)

Brunilde Fioravanti
Agosto 18, 2017

The Firm also provides urban mass transit wireless fidelity. Equities analysts predict that Everspin Tech will post ($1.52) earnings per share for the current fiscal year. As of September 30, 2015, the Company's advertising network included approximately 97,757 digital television displays on mass transportation systems in 18 of China's cities, including Beijing, Guangzhou and Shenzhen.

Adesto Technologies Corporation (NASDAQ:IOTS)'s share price hit a new 52-week high during mid-day trading on Monday. The 6 months bullish chart indicates low risk for the $122.66 million company. The 1-year high was reported on Aug, 14 by Barchart.com. They now have a $10.00 target price on the technology company's stock, up from their prior target price of $7.00. About 64,079 shares traded.

Adesto Technologies Corporation (NASDAQ:IOTS) last announced its quarterly earnings data on Thursday, August 3rd. It has outperformed by 34.16% the S&P500. Therefore 100% are positive.

Adesto Technologies Corporation has a 50 day moving average of 4.83 and a 200 day moving average of 4.54. Finally, Benchmark Co. raised their target price on shares of Adesto Technologies Corporation from $5.00 to $7.00 and gave the stock a buy rating in a research report on Tuesday, July 4th.

Adesto Technologies Corporation has a consensus buy rating from 3 Wall Street analysts, and the number of shares now sold short amount to at least 1.25% of shares outstanding. The rating was initiated by Needham with "Strong Buy" on Monday, November 23. The firm has "Buy" rating given on Friday, February 19 by Bernstein. Finally, Zacks Investment Research upgraded Everspin Tech from a sell rating to a hold rating in a report on Wednesday, May 17th. Roth Capital initiated the stock with "Buy" rating in Monday, November 23 report. Oppenheimer initiated Adesto Technologies Corp (NASDAQ:IOTS) on Monday, November 23 with "Outperform" rating. Adesto Technologies Corporation (IOTS) has made its way to a 12-month gain of 131.06%.

ILLEGAL ACTIVITY NOTICE: "Everspin Tech's (MRAM) "Buy" Rating Reaffirmed at Canaccord Genuity" was published by Community Financial News and is the property of of Community Financial News. The company was initiated on Thursday, September 1 by Roth Capital.

Adesto Technologies Corporation is a provider of application-specific and ultra-low power non-volatile memory products. The firm's market cap is $193.91 million. 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. It operates in application-specific and feature-rich, ultra-low power non-volatile memory (NVM) products segment. It has underperformed by 16.70% the S&P500. Vanguard Group Inc. increased its position in shares of Everspin Tech by 248.2% in the second quarter.

Bares Capital Management Inc. holds 2.44% of its portfolio in US Ecology Inc for 835,487 shares. Spark Investment Management LLC now owns 176,200 shares of the technology company's stock worth $801,000 after buying an additional 78,090 shares during the last quarter. The New York-based Silvercrest Asset Management Group Llc has invested 0.85% in the stock. Redmond Asset Management Llc, a Virginia-based fund reported 21,821 shares.

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