3-May-2024
Lantronix Reports Record Q3 Revenue Growth
TipRanks (Tue, 30-Apr 3:07 PM ET)
TipRanks (Tue, 30-Apr 9:00 AM ET)
Analysts’ Top Technology Picks: Lantronix (LTRX), Harmonic (HLIT)
TipRanks (Tue, 30-Apr 8:40 AM ET)
TipRanks (Tue, 30-Apr 7:50 AM ET)
Lantronix Reports Record Revenue for Third Quarter of Fiscal 2024
Globe Newswire (Mon, 29-Apr 4:05 PM ET)
Lantronix to Report Fiscal 2024 Third Quarter Results on April 29, 2024
Globe Newswire (Thu, 25-Apr 6:42 PM ET)
Globe Newswire (Wed, 24-Apr 9:00 PM ET)
Business Wire (Tue, 23-Apr 12:12 PM ET)
Globe Newswire (Tue, 23-Apr 10:20 AM ET)
FINAL DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Lantronix
Globe Newswire (Tue, 23-Apr 9:00 AM ET)
Lantronix Inc is a networking company. It provides secure data access and management solutions for the Internet of Things (IoT) and information technology assets. It organizes its products and solutions into three product lines named as IoT Solutions, IoT System Solutions, and Software & Services. Embedded IoT solution segment is the key revenue driver for the company. The company serves a diverse range of markets including healthcare, industrial, security, energy, transportation, and government networking. Its primary geographic markets are the Americas, Europe, the Middle East and Africa, and Asia Pacific Japan. The Americas contribute the vast majority of total revenue.
Lantronix trades on the NASDAQ stock market under the symbol LTRX.
As of May 3, 2024, LTRX stock price declined to $3.64 with 260,337 million shares trading.
LTRX has a beta of 0.40, meaning it tends to be less sensitive to market movements. LTRX has a correlation of 0.00 to the broad based SPY ETF.
LTRX has a market cap of $136.42 million. This is considered a Micro Cap stock.
Last quarter Lantronix reported $41 million in Revenue and $.11 earnings per share. This beat revenue expectation by $963,000 and exceeded earnings estimates by $.01.
In the last 3 years, LTRX stock traded as high as $10.25 and as low as $3.08.
The top ETF exchange traded funds that LTRX belongs to (by Net Assets): VTI, VXF, DFAT, DFAS, IWC.
LTRX has underperformed the market in the last year with a return of -1.6%, while the SPY ETF gained +27.0%. In the last 3 month period, LTRX fell short of the market, returning -44.6%, while SPY returned +3.7%. However, in the most recent 2 weeks LTRX has outperformed the stock market by returning +18.2%, while SPY returned +3.3%.
LTRX support price is $3.54 and resistance is $3.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LTRX stock will trade within this expected range on the day.