Echelon Corporation (ELON) Hit 1-Year High at $8.26

June 29, 2018 - By Alex Paulin

Echelon Corporation (NASDAQ:ELON) Corporate Logo

The company Echelon Corporation (NASDAQ:ELON) reached 1-year high with $8.92 price target or 8.00 % above today’s $8.26 share price. Barchart.com published it on Jun, 29. It has $37.52M MC. The company’s valuation will be $3.00 million more at $8.92 price target.

ELON is hitting $8.26 during the last trading session, after increased 97.14%.Echelon Corporation has 535,425 shares volume, 6869.86% up from normal. ELON is downtrending and has moved 38.87% since June 29, 2017. ELON underperformed the S&P500 by 51.44%.

On August, 2 Echelon Corporation (NASDAQ:ELON)’s earnings report is anticipated by WallStreet, as reported by Faxor. Analysts forecast $0.30 earnings per share. That’s $0.61 up or 196.77 % from 2017’s earnings of $-0.31. ELON’s profit could hit $1.36M with 6.88 P/E in case $0.30 earnings per share is revealed. Analysts at Wall Street see Echelon Corporation’s -200.00 % EPS growth compared to $-0.30 earnings per share for last quarter.

A couple more Echelon Corporation (NASDAQ:ELON) news were announced by: Nasdaq.com which released on June 29, 2018 “Adesto Announces Agreement to Acquire Echelon”, also Benzinga.com on June 29, 2018 announced “Mid-Morning Market Update: Markets Open Higher; Constellation Brands Earnings Miss Estimates”, the next Globenewswire.com is “Factors of Influence in 2018, Key Indicators and Opportunity within Regency Centers, Motorola Solutions, California …” on June 12, 2018. Marketwatch.com has article titled “Bloom Energy IPO: 5 things to know about the Silicon Valley clean-energy ‘unicorn'”.

Echelon Corporation develops and markets energy control networking platforms.The firm is worth $37.52 million. The Company’s products enable everyday devices, including air conditioners, appliances, elevators, electricity meters, light switches, thermostats, and valves to be inter-connected.Last it reported negative earnings. The firm offers chips, modules, gateways, and design and management software to original equipment manufacturers under the LONWORKS and IzoT brands.

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