NEW YORK (TheStreet) -- Adept Technology
(ADEP) was falling -19.4% to $8.97 after-hours Monday after missing analysts' estimates for earnings and revenue in the fiscal fourth quarter.
For the fourth quarter the company reported a loss of -3 cents a share, missing the Capital IQ Consensus Estimate of 3 cents a share by 6 cents. Revenue grew 4.4% from the year-ago quarter to $14.3 million, missing analysts' estimates of $16.22 million.
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TheStreet Ratings team rates ADEPT TECHNOLOGY INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ADEPT TECHNOLOGY INC (ADEP) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing." You can view the full analysis from the report here:
ADEP Ratings Report
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