Lantronix, Inc. provides software as a service (SaaS), engineering services, and hardware for edge computing, the Internet of Things (IoT), and remote environment management (REM) in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT Connectivity, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; IoT Compute, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and IoT Telematics, which provides power efficient products designed to support communications across interfaces and industrial protocols for vehicle, fleet, and asset tracking and management. It also offers network switches, media converters, power over ethernet, NICS and optical SFPs, system on modules, single board computers, and development kits; and services for mechanical, hardware, and software engineering for camera, audio, and artificial intelligence/machine learning development, as well as xPrintServer. In addition, the company's REM products include out-of-band management, console management, power management, and IP connected keyboard-video-mouse products that offers remote access to IT and networking infrastructure deployed in test labs, data centers, branch offices, remote sites, and server rooms. Further, its SaaS platform enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login. Lantronix, Inc. was founded in 1989 and is headquartered in Irvine, California.
IPO Year: 2000
Exchange: NASDAQ
Website: lantronix.com
| 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 |
| 7/8/2021 | $6.50 | 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
IRVINE, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity IoT solutions, has launched SmartLV, powered by the Qualcomm® IQ-615 processor, the first AI-enabled IoT Edge Compute Cellular Gateway. This groundbreaking innovation, designed specifically for low-voltage substations and distribution automation applications in next-generation smart grids, utilities and industrial sectors, will debut at Enlit Europe, Oct. 22–24, 2024, in Milan, Italy. SmartLV is engineered to revolutionize real-time visibility, control and automation in the energy sector, providing Distribution System Operators (DSOs) with the ability to manage and s
IRVINE, Calif., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity IoT solutions, today announced its powerful new System-in-Package (SiP) solutions powered by Qualcomm® Technologies' chipsets that reinforce Lantronix's position in industrial and enterprise IoT innovation, bringing advanced Artificial Intelligence (AI) and Machine Learning (ML) capabilities to the edge. "Qualcomm Technologies and Lantronix have had strong relationships for more than 15 years," stated Dev Singh, vice president of Business Development and head of Industrial Automation at Qualcomm Technologies Inc. "Utilizing Qualcomm Technologies' cutting-edge p
IRVINE, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity IoT solutions, today announced that it was named a finalist in The Top 100 Software Companies of 2024 ranking by The Software Report, a top online resource for investors, executives and professionals in the software industry. Lantronix is in great company, as past award winners included Adobe, LexisNexis, Cvent and Alteryx. "Being recognized as a finalist in the Top 100 Software Companies of 2024 validates our unwavering commitment to advancing business efficiency and fostering innovation in the IoT sector with cutting-edge technology," said Saleel Awsare, CEO of Lan
IRVINE, Calif., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity IoT solutions, will display its IoT solutions, including its award-winning switches, routers, gateways and trackers, at Global Security Exchange's GSX tradeshow and the International Security Expo (ISE). Lantronix will be at booth #1649 at GSX, which is being held Sept. 23–25, 2024, at the Orange County Convention Center in Orlando, Fla. Lantronix will be at booth #C43 at ISE, which is being held Sept. 24–25, 2024, at Olympia Events in London. "We're excited to present our newest IoT solutions at this year's GSX and ISE events. A global leader in delivering award-
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
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
IRVINE, Calif., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity IoT solutions, today announced the winners of its 2024 SmartEdge™ Partner Program Awards, highlighting its top channel partners in North America; Asia Pacific; and Europe, Middle East and Africa. "This year's SmartEdge Partner Program winners are driving worldwide sales and developing relationships with our mutual customers, contributing to Lantronix's position as a global compute and connect leader that is enabling edge intelligence with award-winning solutions for AI, Embedded, IoT and IT applications," said Kurt Hoff, VP of Worldwide Sales at Lantronix. "We appla
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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
IRVINE, Calif., Sept. 03, 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 2024 fourth quarter ended June 30, 2024, after the close of the market on Thursday, Sept. 5, 2024. Management will host an investor conference call and audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on Sept. 5, 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 2024 fourth-quarter call. The webcast will be available simulta
Third Quarter Net Revenue of $41.2 Million, up 11 Percent Sequentially and up 25 Percent Year-Over-YearThird Quarter GAAP EPS of ($0.01) vs. ($0.08) in the Prior Year Third Quarter Non-GAAP EPS of $0.11 vs. $0.06 in the Prior Year IRVINE, Calif., April 29, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global provider of compute and connectivity IoT solutions, today reported results for its third quarter of fiscal 2024. Net revenue totaled $41.2 million, up 11 percent sequentially and up 25 percent year-over-year. GAAP EPS of ($0.01), compared to ($0.08) in the prior year and ($0.07) in the prior quarter. Non-GAAP EPS of $0.11, compared to $0.06 in the prior y
IRVINE, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (the "Company") (NASDAQ:LTRX), a global provider of compute and connectivity IoT solutions, today announced it will release financial results from its fiscal 2024 third quarter ended March 31, 2024, after the close of the market on Monday, April 29, 2024. Management will host an investor conference call and audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on April 29, 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 2024 third-quarter call. The webcast will be available si
Second Quarter Net Revenue of $37 Million, up 12 Percent Sequentially and up 18 Percent Year-Over-YearSecond Quarter GAAP EPS of ($0.07) vs. ($0.07) in the Prior Year Second Quarter Non-GAAP EPS of $0.08 vs. $0.04 in the Prior Year IRVINE, Calif., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global provider of compute and connectivity IoT solutions that target high-growth applications in Smart Cities, Automotive and Enterprise, today reported results for its second quarter of fiscal 2024. Net revenue totaled $37.0 million, up 12 percent sequentially and up 18 percent year-over-year. GAAP EPS of ($0.07), compared to ($0.07) in the prior year a
IRVINE, Calif., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (the "Company") (NASDAQ:LTRX), a global provider of compute and connectivity IoT solutions that target high-growth industries in Smart Cities, Automotive and Enterprise, today announced it will release financial results from its fiscal 2024 second quarter ended Dec. 31, 2023, after the close of the market on Feb. 8, 2024. Management will host an investor conference call and audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on Feb. 8, 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 fis
First Quarter Net Revenue of $33 Million, Down 5 Percent Sequentially and up 4 Percent Year-Over-YearFirst Quarter GAAP EPS of ($0.05) vs. ($0.05) in the Prior Year First Quarter Non-GAAP EPS of $0.07 vs. $0.07 in the Prior Year IRVINE, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today reported results for its first quarter of fiscal 2024. Net revenue totaled $33.0 million, down 5 percent sequentially and up 4 percent year-over-year. GAAP EPS of ($0.05), compared to ($0.05) in the prior year and ($0.05) in the prior quarter. Non-GA
IRVINE, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Lantronix Inc. (the "Company") (NASDAQ:LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced it will release financial results from its fiscal 2024 first quarter ended Sept. 30, 2023, after the close of the market on Wednesday, Nov. 8, 2023. Management will host an investor conference call and audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on Nov. 8, 2023. 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 2
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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.
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Craig-Hallum analyst Christian Schwab maintains Lantronix (NASDAQ:LTRX) with a Buy and lowers the price target from $7 to $6.
Lake Street analyst Jaeson Schmidt maintains Lantronix (NASDAQ:LTRX) with a Buy and lowers the price target from $8 to $7.
During the last three months, 5 analysts shared their evaluations of Lantronix (NASDAQ:LTRX), revealing diverse outlooks from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 0 0 0 0 Last 30D 2 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 2 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $7.8, a high estimate of $9.00, and a low estimate of $7.00. A decline of 17.89% from the prior average price tar
Roth MKM analyst Scott Searle maintains Lantronix (NASDAQ:LTRX) with a Buy and maintains $9 price target.
Needham analyst Ryan Koontz reiterates Lantronix (NASDAQ:LTRX) with a Buy and maintains $7 price target.
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
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, April 01, 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
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, March 20, 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 recove
IRVINE, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global provider of compute and connectivity IoT solutions, today announced the appointment of Kurt Hoff as its vice president, Worldwide Sales, effective March 4, 2024. Hoff will replace Roger Holliday, vice president of Worldwide Sales at Lantronix, who is stepping down on Feb. 29, 2024, in order to retire. "We are very pleased to welcome Kurt Hoff to the Lantronix leadership team," said Saleel Awsare, president and CEO of Lantronix. "Kurt's knowledge and experience in the IoT industry, coupled with his abilities in scaling IoT revenue and profitability at industry leaders such as Silicon Labs, Synaptic
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Feb. 27, 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 re
IRVINE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX) (the "Company"), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced that Christa Steele is joining the Company's Board of Directors as an independent director, effective Jan. 24, 2024. Following the appointment of Steele, the Board will be comprised of six directors, five of whom are independent under applicable listing standards of the Nasdaq Stock Market. "We are very pleased to welcome Christa Steele to the Lantronix Board of Directors," said Saleel Awsare, CEO and president of Lantronix. "Lantronix will benefit greatly fro
IRVINE, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Lantronix Inc. (the "Company") (NASDAQ:LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced that Lantronix president and CEO Saleel Awsare has joined the Company's Board of Directors, effective Nov. 20, 2023. With the appointment of Mr. Awsare, the Board consists of five directors, four of whom the Board has determined are independent under applicable listing standards of the NASDAQ Stock Market. In connection with the commencement of his employment as president and CEO, the Company has agreed to issue Mr. Awsare inducement awards consisting of 470,2
IRVINE, Calif., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced that Saleel Awsare will be joining Lantronix as President and CEO of the company, effective Nov. 20, 2023. Awsare comes to Lantronix from Synaptics Inc., a leading provider of semiconductor products worldwide, where he has most recently served as senior vice president and general manager of its Enterprise and Mobile Division, its largest division. After joining Synaptics in 2017, Awsare was an integral part of Synaptics's pivot from Mobile to the IoT and enterprise markets,
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
Canaccord Genuity initiated coverage of Lantronix with a rating of Buy and set a new price target of $13.00
Needham reiterated coverage of Lantronix with a rating of Buy and set a new price target of $13.00 from $7.00 previously
Craig Hallum initiated coverage of Lantronix with a rating of Buy and set a new price target of $11.00
Roth Capital reiterated coverage of Lantronix with a rating of Buy and set a new price target of $10.00 from $9.00 previously
Needham reiterated coverage of Lantronix with a rating of Buy and set a new price target of $7.00 from $6.50 previously
Needham initiated coverage of Lantronix with a rating of Buy and set a new price target of $6.50