Roth MKM Maintains Buy on Lantronix, Maintains $9 Price Target
$LTRX
Computer Communications Equipment
Telecommunications
Roth MKM analyst Scott Searle maintains Lantronix (NASDAQ:LTRX) with a Buy and maintains $9 price target.
Save time and jump to the most important pieces.
| 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 |
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
Expands Lantronix's IoT Wireless Connect Portfolio With Cutting-Edge 5G TechnologyStrengthens Competitive Offering, Adds New Blue-Chip Customers IRVINE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader in IoT compute and connectivity IoT solutions, today announced that it has signed a definitive agreement to acquire from NetComm Wireless Pty Ltd ("NetComm"), a subsidiary of DZS, Inc., all of the assets of its enterprise Internet of Things (IoT) business for $6.5 million in cash together with assumptions of certain liabilities. The acquisition complements Lantronix's focus on the Enterprise and Smart City vertical markets and expands its next-generati
IRVINE, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (the "Company") (NASDAQ:LTRX), a global leader of compute and connectivity IoT solutions, today announced it will release financial results from its fiscal 2025 first quarter ended Sept. 30, 2024, after the close of the market on Thursday, Nov. 7, 2024. Management will host an investor conference call and audio webcast at 3:30 p.m. Pacific Time (6:30 p.m. Eastern Time) on Nov. 7, 2024. To access the live conference call, investors should dial 1-844-802-2442 (US) or 1-412-317-5135 (international) and indicate that they are participating in the Lantronix fiscal 2025 first-quarter call. The webcast will be available simultaneou
5 analysts have shared their evaluations of Lantronix (NASDAQ:LTRX) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 4 0 0 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $7.6, a high estimate of $9.00,
Roth MKM analyst Scott Searle maintains Lantronix (NASDAQ:LTRX) with a Buy and maintains $9 price target.
Gainers U-BX Technology (NASDAQ:UBXG) stock increased by 61.4% to $15.3 during Tuesday's regular session. The market value of their outstanding shares is at $413.0 million. Airship AI Holdings (NASDAQ:AISP) shares rose 47.13% to $4.62. The market value of their outstanding shares is at $106.9 million. Mercurity Fintech Holding (NASDAQ:MFH) stock rose 23.11% to $1.97. The market value of their outstanding shares is at $119.8 million. Sonim Technologies (NASDAQ:SONM) stock increased by 16.77% to $0.64. The market value of their outstanding shares is at $30.0 million. Quantum (NASDAQ:QMCO) stock rose 13.21% to $0.49. The company's market cap stands at $46.7 million. GCT Semiconductor Hldg
4 - LANTRONIX INC (0001114925) (Issuer)
4 - LANTRONIX INC (0001114925) (Issuer)
4 - LANTRONIX INC (0001114925) (Issuer)
10-Q - LANTRONIX INC (0001114925) (Filer)
8-K - LANTRONIX INC (0001114925) (Filer)
8-K - LANTRONIX INC (0001114925) (Filer)
4 - LANTRONIX INC (0001114925) (Issuer)
4 - LANTRONIX INC (0001114925) (Issuer)
4 - LANTRONIX INC (0001114925) (Issuer)
SC 13D/A - LANTRONIX INC (0001114925) (Subject)
SC 13G/A - LANTRONIX INC (0001114925) (Subject)
SC 13G/A - LANTRONIX INC (0001114925) (Subject)
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
IRVINE, Calif., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader in compute and connectivity IoT solutions, today announced the resignation of Chief Financial Officer (CFO) Jeremy Whitaker, who has accepted the CFO role at a private company. Whitaker departed on September 13, 2024. Brent Stringham, currently the company's Controller, is appointed Interim CFO while the company conducts a search for the next CFO. Stringham, an experienced financial leader, has been with Lantronix since 2012. He brings deep institutional knowledge and extensive financial expertise to the role. Prior to joining Lantronix, Brent held financial leadership positions at Iteris
IRVINE, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global provider of compute and connectivity IoT solutions, today announced the appointment of Mathi Gurusamy as its chief strategy officer (CSO), effective May 13, 2024. In his new role, Gurusamy will spearhead the company's strategic planning and execution of growth opportunities, manage merger and acquisition activities, and drive go-to-market strategies that address key IoT technology trends to bolster Lantronix's growth. "With a successful career spanning more than two decades in IoT and high-tech, Mathi has demonstrated remarkable expertise in leading companies through periods of growth," said Saleel Aws
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, April 15, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Lantronix, Inc. (NASDAQ:LTRX) investors that a lawsuit was filed on behalf of investors that purchased Lantronix securities between May 11, 2023 and February 8, 2024, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to r
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
IRVINE, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (the "Company") (NASDAQ:LTRX), a global leader of compute and connectivity IoT solutions, today announced it will release financial results from its fiscal 2025 first quarter ended Sept. 30, 2024, after the close of the market on Thursday, Nov. 7, 2024. Management will host an investor conference call and audio webcast at 3:30 p.m. Pacific Time (6:30 p.m. Eastern Time) on Nov. 7, 2024. To access the live conference call, investors should dial 1-844-802-2442 (US) or 1-412-317-5135 (international) and indicate that they are participating in the Lantronix fiscal 2025 first-quarter call. The webcast will be available simultaneou
Fourth Quarter Net Revenue of $49.1 Million, up 19 Percent Sequentially and up 41 Percent Year-Over-YearFourth Quarter GAAP EPS of $0.01 vs. ($0.05) in the Prior Year, a $0.06 Improvement Fourth Quarter Non-GAAP EPS of $0.15 vs. $0.06 in the Prior Year, up 150 PercentAnnual Net Revenue of $160.3 Million, up 22% From the Prior YearAnnual GAAP EPS of ($0.12) vs. ($0.25) in the Prior Year, a $0.13 Improvement Annual Non-GAAP EPS of $0.40 vs. $0.23 in the Prior Year, up 74 Percent Cash Balance of $26.2 Million, up 95 Percent From the Prior Year IRVINE, Calif., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity IoT solutions, today re