In a new report, ROTH Capital Partners analyst Krishna Shankar explains why ROTH just initiated a Buy rating on Adesto Technologies. ROTH believes Adesto’s technology will play a key role in the fledgling Internet-Of-Things (IOT) market.
According to Shankar, Adesto is well-positioned to tackle the issue of power consumption in IOT applications. “In our opinion, ultra-low power and application-specific NVM chips and IP will be a key hardware building block for billions of IOT devices in IOT networks,” he explained. The company already has 500 global end customers for its products.
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