Lantronix (NASDAQ:LTRX) Issues Earnings Results

Lantronix (NASDAQ:LTRX) announced its quarterly earnings results on Wednesday. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01, FiscalAI reports. The company had revenue of $31.15 million during the quarter, compared to analyst estimates of $30.69 million. Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%. Lantronix updated its Q1 2027 guidance to 0.040-0.060 EPS.

Lantronix Stock Down 3.4%

LTRX traded down $0.20 during trading on Wednesday, hitting $5.66. The company had a trading volume of 1,973,682 shares, compared to its average volume of 1,010,054. The business has a 50-day moving average of $5.76 and a 200-day moving average of $6.05. The company has a market cap of $248.93 million, a PE ratio of -33.29 and a beta of 1.70. Lantronix has a 1-year low of $3.58 and a 1-year high of $8.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.74 and a quick ratio of 1.80.

Wall Street Analysts Forecast Growth

LTRX has been the topic of a number of recent research reports. Needham & Company LLC began coverage on shares of Lantronix in a research report on Friday, June 12th. They set a “buy” rating and a $11.00 price target on the stock. Canaccord Genuity Group increased their price target on Lantronix from $10.50 to $11.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a research note on Friday, July 17th. JonesTrading started coverage on Lantronix in a report on Wednesday, July 15th. They issued a “buy” rating and a $12.00 price target for the company. Finally, Wall Street Zen cut shares of Lantronix from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lantronix has an average rating of “Moderate Buy” and an average target price of $10.40.

Institutional Trading of Lantronix

Hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. acquired a new stake in shares of Lantronix during the 4th quarter valued at approximately $68,000. Bridgeway Capital Management LLC acquired a new position in Lantronix in the third quarter worth $85,000. XTX Topco Ltd bought a new stake in Lantronix during the second quarter valued at $86,000. Balyasny Asset Management L.P. acquired a new stake in shares of Lantronix during the fourth quarter worth $86,000. Finally, Squarepoint Ops LLC lifted its position in shares of Lantronix by 52.7% in the 3rd quarter. Squarepoint Ops LLC now owns 19,283 shares of the technology company’s stock worth $88,000 after buying an additional 6,654 shares during the last quarter. 39.38% of the stock is owned by institutional investors.

About Lantronix

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.