Lantronix (NASDAQ:LTRX) announced its quarterly earnings results on Tuesday. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03), Morningstar.com reports. The business had revenue of $10.15 million during the quarter. Lantronix had a negative net margin of 0.87% and a positive return on equity of 5.36%. Lantronix updated its Q1 2020 guidance to $-0.03-0.00 EPS and its FY 2020 guidance to $0.21 EPS.
Shares of NASDAQ LTRX opened at $3.40 on Friday. Lantronix has a twelve month low of $2.34 and a twelve month high of $5.12. The stock has a 50 day moving average of $3.47 and a two-hundred day moving average of $3.32. The stock has a market cap of $85.13 million, a P/E ratio of 48.57 and a beta of 0.79.
A number of equities research analysts have weighed in on LTRX shares. Needham & Company LLC reduced their price objective on Lantronix from $4.50 to $4.25 and set a “buy” rating for the company in a research note on Wednesday. ValuEngine upgraded Lantronix from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th.
Lantronix, Inc provides secure data access and management solutions for Internet of Things (IoT) assets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT gateways, which provide secure connectivity and the ability to add integrated device management and advanced data access features; and IoT building blocks that offer basic secure machine connectivity and unmanaged data access.
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