Lantronix (NASDAQ:LTRX) released its quarterly earnings results on Tuesday. The technology company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03), reports. The firm had revenue of $10.15 million for 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.

LTRX opened at $3.40 on Friday. Lantronix has a 12-month low of $2.34 and a 12-month high of $5.12. The firm has a market capitalization of $85.13 million, a PE ratio of 48.57 and a beta of 0.79. The firm has a 50 day moving average of $3.47 and a two-hundred day moving average of $3.32.

LTRX has been the subject of several research analyst reports. ValuEngine raised shares of Lantronix from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Needham & Company LLC decreased their price objective on shares of Lantronix from $4.50 to $4.25 and set a “buy” rating for the company in a research report on Wednesday.

Institutional investors and hedge funds have recently bought and sold shares of the business. Wedbush Securities Inc. purchased a new position in Lantronix during the 2nd quarter worth approximately $33,000. Alambic Investment Management L.P. grew its stake in Lantronix by 37.2% in the 1st quarter. Alambic Investment Management L.P. now owns 18,163 shares of the technology company’s stock valued at $55,000 after acquiring an additional 4,923 shares during the period. LPL Financial LLC acquired a new stake in Lantronix in the 2nd quarter valued at $266,000. BlackRock Inc. grew its stake in Lantronix by 6.3% in the 2nd quarter. BlackRock Inc. now owns 139,656 shares of the technology company’s stock valued at $465,000 after acquiring an additional 8,238 shares during the period. Finally, Acadian Asset Management LLC grew its stake in Lantronix by 22.9% in the 1st quarter. Acadian Asset Management LLC now owns 240,860 shares of the technology company’s stock valued at $727,000 after acquiring an additional 44,894 shares during the period. 19.77% of the stock is owned by institutional investors.

Lantronix Company Profile

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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Earnings History for Lantronix (NASDAQ:LTRX)

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