Lantronix (NASDAQ:LTRX) Updates Q3 2020 After-Hours Earnings Guidance
Lantronix (NASDAQ:LTRX) issued an update on its third quarter 2020
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.02-0.06 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.07. The company issued revenue guidance of $16.2-19.8 million, compared to the consensus revenue estimate of $13.9 million.Lantronix also updated its FY 2020
After-Hours guidance to 0.16-0.18 EPS.
Shares of NASDAQ LTRX traded down $0.19 during trading on Friday, reaching $3.36. 145,797 shares of the stock traded hands, compared to its average volume of 103,816. Lantronix has a 52-week low of $2.34 and a 52-week high of $4.42. The company has a 50-day moving average of $3.84 and a 200-day moving average of $3.51. The stock has a market capitalization of $77.49 million, a P/E ratio of -28.00 and a beta of 0.78.
Lantronix (NASDAQ:LTRX) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Lantronix had a negative net margin of 5.90% and a positive return on equity of 2.58%. The firm had revenue of $13.23 million for the quarter. Equities analysts anticipate that Lantronix will post 0.22 earnings per share for the current year.
In related news, Director Paul F. Folino sold 19,926 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $3.29, for a total transaction of $65,556.54. Over the last quarter, insiders have sold 24,926 shares of company stock worth $82,208. 40.00% of the stock is currently owned by corporate insiders.
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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