Needham reiterated coverage on Lantronix with a new price target
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Needham reiterated coverage of Lantronix with a rating of Buy and set a new price target of $7.00 from $8.50 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/11/2024 | $7.50 | Buy | Canaccord Genuity |
| 3/12/2024 | $8.50 → $7.00 | Buy | Needham |
| 2/9/2024 | $8.50 → $7.00 | Buy | Needham |
| 2/14/2022 | $13.00 | Buy | Canaccord Genuity |
| 10/28/2021 | $7.00 → $13.00 | Buy | Needham |
| 10/12/2021 | $11.00 | Buy | Craig Hallum |
| 8/27/2021 | $9.00 → $10.00 | Buy | Roth Capital |
| 8/27/2021 | $6.50 → $7.00 | Buy | Needham |
IRVINE, Calif., April 01, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity for IoT solutions enabling Edge AI Intelligence, today announced the appointment of Todd Rychecky as general manager and head of its Out-of-Band (OOB) Management Business Line. With a proven track record in network resilience, SaaS solutions and OOB management, Rychecky will play a pivotal role in expanding Lantronix's market presence and driving strategic growth in this critical sector. Rychecky brings a proven track record of success in the OOB management space, having played a key role in scaling OpenGear's business as well as leading major strategic deals, i
IRVINE, Calif., March 27, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity for IoT solutions enabling Edge AI Intelligence, today announced its new Open-Q™ 8550CS System-on-Module (SOM). Powered by the Qualcomm Dragonwing™ QCS8550 processor, this production-ready module provides low-power, on-device Artificial Intelligence (AI) and Machine Learning (ML) capabilities, simplifying design and empowering developers to more quickly bring innovative edge products to market. Lantronix's Open-Q 8550 is uniquely designed to meet the higher AI/ML requirements of extreme Edge computing, including advanced video and AI applications such as video colla
IRVINE, Calif., March 19, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced it has expanded its partnership with TD SYNNEX (NYSE:SNX), a leading global distributor and solutions aggregator for the IT ecosystem. An established major distributor for Lantronix in North America, TD SYNNEX will now distribute Lantronix's out-of-band, network infrastructure and Industrial Internet of Things (IIoT) throughout Europe, bringing expanded support to Lantronix's global customers and channel partners. "Designed to increase Lantronix's market presence in Europe, the expanded relationship wi
Canaccord Genuity resumed coverage of Lantronix with a rating of Buy and set a new price target of $7.50
Needham reiterated coverage of Lantronix with a rating of Buy and set a new price target of $7.00 from $8.50 previously
Needham reiterated coverage of Lantronix with a rating of Buy and set a new price target of $7.00 from $8.50 previously
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IRVINE, Calif., April 01, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity for IoT solutions enabling Edge AI Intelligence, today announced the appointment of Todd Rychecky as general manager and head of its Out-of-Band (OOB) Management Business Line. With a proven track record in network resilience, SaaS solutions and OOB management, Rychecky will play a pivotal role in expanding Lantronix's market presence and driving strategic growth in this critical sector. Rychecky brings a proven track record of success in the OOB management space, having played a key role in scaling OpenGear's business as well as leading major strategic deals, i
IRVINE, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX) ("the Company"), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, is proud to announce the appointment of Steve Burrington as Vice President of Global Research and Development. Burrington will oversee all aspects of product development and will play a key role in defining the Company's technology direction as it continues to deliver innovative solutions to meet the demands of an evolving market. "Steve's deep expertise in advanced product development and engineering leadership perfectly complements our Edge AI focus and mission to drive technological innovation and
IRVINE, Calif., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (the "Company") (NASDAQ:LTRX), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced that Philip Brace will be departing the Lantronix Board of Directors as of Feb. 5, 2025. He is leaving the Lantronix Board to join Skyworks Solutions Inc. as its chief executive officer. "We greatly appreciate Phil's many contributions to Lantronix during his tenure on the Board. We have benefited greatly from his extensive experience in all areas of technology. We wish him all the best in his new role as CEO of Skyworks Solutions Inc.," said Saleel Awsare, president and CEO of Lantron
4 - LANTRONIX INC (0001114925) (Issuer)
4 - LANTRONIX INC (0001114925) (Issuer)
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Second Quarter Net Revenue of $31.2 MillionSecond Quarter GAAP EPS of ($0.06) Second Quarter Non-GAAP EPS of $0.04 IRVINE, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity for the Internet of Things (IoT) solutions enabling Artificial Intelligence (AI) Edge Intelligence, today reported results for its second quarter of fiscal 2025. Net revenue totaled $31.2 million, near the midpoint of the guidance range provided for the quarter. GAAP EPS of ($0.06), compared to ($0.07) in the prior year and $(0.07) in the prior quarter. Non-GAAP EPS of $0.04, compared to $0.08 in the prior year and $0.06 in the prior quarter.
IRVINE, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (the "Company") (NASDAQ:LTRX), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced it will release financial results from its fiscal 2025 second quarter, ended Dec. 31, 2024, after the close of the market on Thursday, Feb. 6, 2025. Management will host an investor conference call and audio webcast at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on Feb. 6, 2025. To access the live conference call, investors should dial 1-844-802-2442 (US) or 1-412-317-5135 (international) and indicate they are participating in the Lantronix fiscal 2025 second-quarter call. The webcas
First Quarter Net Revenue of $34.4 Million, up 4 Percent Year-Over-YearFirst Quarter GAAP EPS of ($0.07) vs. ($0.05) in the Prior Year First Quarter Non-GAAP EPS of $0.06 vs. $0.07 in the Prior Year IRVINE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity IoT solutions, today reported results for its first quarter of fiscal 2025. Net revenue totaled $34.4 million, up 4 percent year-over-year and down sequentially as expected. GAAP EPS of ($0.07), compared to ($0.05) in the prior year and $0.01 in the prior quarter. Non-GAAP EPS of $0.06, compared to $0.07 in the prior year and $0.15 in th