neben Alibaba auch Adesto Technology
The Internet of Things (IoT), the catch phrase of connected devices, especially in industry, is the premier example of the way that digitization is impacting the economy. From factory robots to autonomous cars, IoT is expanding its reach.Adesto produces the semiconductor chips and embedded systems devices need to make IoT networks function. The company sells to equipment manufacturers rather than the open market.
That still gives Adesto a customer base of more than 5,000 companies around the world. IoT depends on connectivity, and will be heavily involved in the rollover to 5G and network tech improves and expands. Adesto’s chips provide advanced controller and memory functions, making the company essential in an essential industry. IOTS gained 82% in 2019.
Adesto’s most recent quarterly earnings, reported in November for Q3 2019, show the company’s strong position. The 3 cent EPS was 50% higher than the forecast, but also far ahead of the year-ago quarter’s 4 cent loss. The solid revenue figure, $32.03 million, beat the forecast by 3% and the previous Q3 by 45%. It was the fourth consecutive quarter that IOTS beat estimates......
Adesto is another company with a unanimous Strong Buy consensus rating. Three of Wall Street’s top analysts have given the stock a Buy rating in the last two months. Considering the potential here, shares are priced at a bargain – just $8.72. The average price target, $12, suggests an upside of 38%."