Lantronix (NASDAQ:LTRX – Get Free Report) updated its second quarter 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.010-0.050 for the period, compared to the consensus estimate of 0.100. The company issued revenue guidance of $29.0 million-$33.0 million, compared to the consensus revenue estimate of $38.6 million.
Analysts Set New Price Targets
LTRX has been the topic of several recent research reports. StockNews.com raised shares of Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 12th. Canaccord Genuity Group assumed coverage on Lantronix in a report on Wednesday, September 11th. They issued a “buy” rating and a $7.50 price objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $7.00 target price on shares of Lantronix in a report on Friday, September 6th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $7.30.
Check Out Our Latest Analysis on Lantronix
Lantronix Price Performance
Lantronix (NASDAQ:LTRX – Get Free Report) last released its quarterly earnings results on Thursday, September 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $49.08 million for the quarter, compared to analysts’ expectations of $49.10 million. Lantronix had a negative net margin of 2.82% and a negative return on equity of 2.14%. On average, equities analysts predict that Lantronix will post -0.01 EPS for the current year.
Insider Buying and Selling
In other news, major shareholder Bernhard Bruscha sold 20,000 shares of Lantronix stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $4.08, for a total value of $81,600.00. Following the sale, the insider now directly owns 5,198,971 shares of the company’s stock, valued at $21,211,801.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 85,065 shares of company stock worth $356,232 in the last 90 days. Insiders own 1.60% of the company’s stock.
About Lantronix
Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, 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; Embedded IoT Modules, 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 Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.
Read More
- Five stocks we like better than Lantronix
- The Role Economic Reports Play in a Successful Investment Strategy
- Gilead’s Stock Surge: What’s Fueling the Momentum?
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Breakout Alert: Qualcomm Just Hit The Rally Button
- Are Penny Stocks a Good Fit for Your Portfolio?
- Mercado Libre Shares Go on Sale: Is Now the Time to Buy?
Receive News & Ratings for Lantronix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lantronix and related companies with MarketBeat.com's FREE daily email newsletter.