UP!

ELON $8.47

ELON target price
8.47
0
0
Echelon Corporation
Type
Public (NASDAQ: ELON)
Industry Building Automation
Home Automation
Industrial Automation
Transportation Automation
Automatic meter reading
Remote Product Service Solutions
Founded 1988
Headquarters Santa Clara, California, United States
Key people
Ron Sege, President, CEO
Armas Clifford "Mike" Markkula Jr., Founder, Vice Chairman, Director
Products LonWorks Networking Platform
Pyxos Platform
Networked Energy Services
i.LON 100 SmartServer
LonMaker 3.1 Integration Tool
LonScanner
Website www.echelon.com

Echelon Corporation is an American company which designs control networks to connect machines and other electronic devices, for the purposes of sensing, monitoring and control.

Echelon was founded in February 1988 in Palo Alto, California by Clifford "Mike" Markkula Jr.. The chief executive was M. Kenneth Oshman. Echelon's LonWorks platform for control networking was released in 1990 for use in the building, industrial, transportation, and home automation markets. At their initial public offering on March 31, 1998, their shares were listed on the NASDAQ exchange with the symbol ELON.

Started in 2003, Echelon's Networked Energy Services system was an open metering service. Echelon provides the underlying network technology for the world's largest Advanced Metering Infrastructure (AMI) in Italy with over 27 million connected electricity meters. Based on the experiences with this installation, Echelon developed the NES (Networked Energy Services) System (including smart meters, data concentrators and a head-end data collection system) with about 3.5 million devices installed.

In August 2014, after quarterly revenues dropped from $24.8 million to $15 million, Echelon announced it was getting out of the smart-grid business entirely, shifting its entire corporate focus to the Internet of things as a market for its technology. Echelon committed to only support existing customers, but not grow the grid business, and to potentially seek the sale of its grid business.

Echelon is based in Santa Clara, California, with international offices in China, France, Germany, Italy, Hong Kong, Japan, Korea, The Netherlands, and the United Kingdom.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2015-05-13 Reiterated Rating Canaccord Genuity Hold $1.75 to $1.25
2015-02-06 Reiterated Rating Canaccord Genuity Hold $1.75
2015-01-05 Lower Price Target Credit Suisse Neutral $3.00 to $2.50
2015-01-05 Lower Price Target Credit Suisse Group AG Neutral $3.00 to $2.50
2014-10-23 Reiterated Rating Canaccord Genuity Hold $3.75 to $2.20
2014-08-07 Reiterated Rating Canaccord Genuity Hold $4.50 to $3.75
2014-02-07 Downgrade Needham Buy to Hold
2014-02-07 Boost Price Target Canaccord Genuity Buy to Hold $3.00 to $4.50
2014-02-07 Downgrade Needham & Company LLC Buy to Hold
2012-05-17 Reiterated Cantor Fitzgerald Buy $10 to $5
2012-02-10 Downgrade Dougherty & Company Buy to Neutral $9 to $6.50
2011-11-04 Reiterated Dougherty & Company Buy $12 to $9
2011-02-11 Reiterated Dougherty & Company Neutral $8 to $10
2010-09-01 Initiated Jefferies Hold $8.50
2010-02-11 Downgrade Piper Jaffray Neutral to Underweight
2010-01-21 Initiated Roth Capital Hold $11
2009-10-28 Reiterated Wedbush Morgan Outperform $15 to $20
2009-08-11 Upgrade Piper Jaffray Underweight to Neutral
2009-03-10 Initiated Cantor Fitzgerald Buy $9.50
2015-05-13 Reiterated Rating Canaccord Genuity Hold $1.75 to $1.25
2015-02-06 Reiterated Rating Canaccord Genuity Hold $1.75
2015-01-05 Lower Price Target Credit Suisse Neutral $3.00 to $2.50
2015-01-05 Lower Price Target Credit Suisse Group AG Neutral $3.00 to $2.50
2014-10-23 Reiterated Rating Canaccord Genuity Hold $3.75 to $2.20

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In ELON 2 funds of 2213 total. Show all

Fund name Ticker shares
BlackRock Institutional Trust Company, N.A. 0.11M
BlackRock Fund Advisors 759

Major Shareholders

Name Relationship Total Shares Holding stocks
AXELSSON ANDERS Senior VP of Strategic Accts 0.23%  (98778) ELON /
BLOCH KATHLEEN B Sr. VP, Gen Counsl & Secretary 0.21%  (90604) ELON /
ANDERSON Michael T. Sr. Vice President 0.13%  (57518) ELON /
SLAKEY WILLIAM R Executive VP and CFO 0.10%  (42030) ELON /
Nagaraj Varun Sen. VP Product Mgmt & Mktg. 0.09%  (40152) ELON /
HON ROBERT W Senior VP Engineering 0.05%  (20512) ELON /
Marszewski C. Michael VP & Principal Acctg Officer 0.04%  (18830) ELON /
HARRIS RUSSELL Senior VP of Operations 0.04%  (18635) ELON /
MOORE ALICIA JAYNE Sen. VP & General Counsel 0.03%  (14804) ELON /
Jodoin Christopher VP, Operations & Planning 0.03%  (13906) ELON /
Modi Sohrab VP and CTO 0.03%  (11057) ELON /
SEGE RONALD Chairman, President and CEO 0.02%  (9154) ELON / UBNT /
Schuett Erich VP, Worldwide Sales 0.01%  (3198) ELON /