Adesto Technologies Corporation (IOTS) Reports In-Line Q1 EPS; Q2 Revs Guided Below the Street

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Go back to Adesto Technologies Corporation (IOTS) Reports In-Line Q1 EPS; Q2 Revs Guided Below the Street

Needham & Company Cuts Price Target on Adesto Technologies Corporation (IOTS) to $6; Reiterates Strong Buy

May 5, 2016 12:00 PM EDT

Needham & Company reiterated a Strong Buy rating on Adesto Technologies Corporation (NASDAQ: IOTS), and cut the price target to $6.00 (from $8.00), following the company's 1Q earnings report.

Analyst Rajvindra Gill commented, "Citing broader macroeconomic trends and inventory adjustments affecting order volumes at multiple... More