Lantronix (NASDAQ:LTRX) Releases Quarterly Earnings Results
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), Morningstar.com 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.
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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