Wasatch Advisors LP reduced its stake in Lantronix, Inc. (NASDAQ:LTRX – Free Report) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,225,668 shares of the technology company’s stock after selling 39,745 shares during the period. Wasatch Advisors LP owned 3.35% […]
Lantronix, Inc. (NASDAQ:LTRX – Get Free Report) has received a consensus rating of “Buy” from the four research firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have updated their coverage on the stock […]
Needham & Company LLC reaffirmed their buy rating on shares of Lantronix (NASDAQ:LTRX – Free Report) in a research report released on Friday morning, Benzinga reports. They currently have a $8.50 target price on the technology company’s stock. Other research analysts also recently issued research reports about the stock. StockNews.com started coverage on shares of […]
Lantronix (NASDAQ:LTRX – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of $0.50-$0.60 for the period, compared to the consensus earnings per share estimate of $0.53. The company issued revenue guidance of $175.00 million-$185.00 million, compared to the consensus revenue estimate of $176.91 million. Analyst […]
Lantronix (NASDAQ:LTRX – Get Free Report) released its quarterly earnings data on Thursday. The technology company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01, MarketWatch Earnings reports. Lantronix had a negative return on equity of 11.35% and a negative net margin of 6.85%. The firm had revenue […]