Since then, IOTS shares have increased by 9.5% and is now trading at $12.54. Find the latest Adesto Technologies Corporation (IOTS) stock quote, history, news and other vital information to help you with your stock trading and investing. Get the latest %COMPANY_NAME% IOTS detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. The transaction is expected to close during the third quarter of 2020, subject to shareholder and regulatory approval. Adesto Technologies' stock was trading at $11.45 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. (See E*Trade's stock analysis at TipRanks)Adesto Technologies Corp (IOTS)Shares of semiconductor company Adesto Technologies have surged by 55% on the back of news that Anglo-German chip … The company also expects considerable revenue synergies due to "the complementary nature of the product portfolios and technology.
"We continued to strengthen our position in the industrial market and also advanced engagements with our tier-one consumer customers across portable computing, wearables and smart home applications," said CEO Narbeh Derhacobian.The company maintained its outlook for 30% revenue growth in the second half of 2019 compared to the second half of 2018.Stock Advisor launched in February of 2002. "Together with Dialog, we are positioned to create unique Industrial IoT solutions through the integration of our best-in-class technologies for today's increasingly connected world," said Adesto CEO Narbeh Derhacobian.Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.Dialog expects to achieve annual cost synergies of $20 million within the first calendar year following the closing of the deal. Adjusted gross margin is expected between 50% and 52%. So what Dialog has agreed to pay $12.55 per share in cash for Adesto, which works out to … Dialog will fund the deal with cash from its balance sheet.Stock Advisor launched in February of 2002. ... Company News for Feb 21, 2020 ... Adesto Technologies … Returns as of 07/31/2020. "With expanded revenue streams, increasing profitability and a strong balance sheet, the Company is well positioned to drive future growth and shareholder value," said Derhacobian.Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.Adesto reported third-quarter revenue of $32 million, up 46.1% year over year but about $0.9 million lower than the average analyst estimate. View which stocks have been most impacted by Coronavirus. The Investor Relations website contains information about Adesto Technologies Corporation … As of 11:30 a.m. EST, the stock was down 16.7%. "Dialog has agreed to pay $12.55 per share in cash for Adesto, which works out to an enterprise value of about $500 million. Cookies Adesto has updated its cookie policy. Returns as of 07/31/2020. This site uses cookies to ensure the best user experience, and by continuing to use this site, you consent to our use of cookies. While Wednesday was a rough day for the stock, shares of Adesto remain up about 75% since the beginning of 2019.For the fourth quarter, Adesto expects to grow revenue by 20% year over year to between $32 million and $35 million. So what Adesto reported third-quarter revenue of $32 million, up 46.1% year over year but about … Adesto stock was up 54.8% at 12:20 p.m. EST, while Dialog stock had edged up 0.6%. Company profile page for Adesto Technologies Corp including stock price, company news, press releases, executives, board members, and contact information The deal has been approved unanimously by Adesto's board of directors.
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