Lantronix (LTRX) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lantronix in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" LTRX shares.
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4 equities research analysts have issued twelve-month target prices for Lantronix's shares. Their LTRX share price forecasts range from $8.00 to $12.00. On average, they predict the company's share price to reach $9.80 in the next year. This suggests a possible upside of 123.2% from the stock's current price.
View analysts price targets for LTRX or view top-rated stocks among Wall Street analysts.

Lantronix's stock was trading at $4.32 at the beginning of the year. Since then, LTRX shares have increased by 1.6% and is now trading at $4.39.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our LTRX earnings forecast.

Lantronix, Inc. (NASDAQ:LTRX) announced its quarterly earnings data on Thursday, September, 7th. The technology company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. The technology company earned $34.92 million during the quarter, compared to analysts' expectations of $35.20 million. Lantronix had a negative net margin of 6.85% and a negative trailing twelve-month return on equity of 11.41%. During the same period last year, the business posted $0.07 EPS.

Lantronix issued an update on its FY 2024 earnings guidance on Thursday, September, 7th. The company provided earnings per share (EPS) 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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lantronix investors own include Rite Aid (RAD), Century Aluminum (CENX), Mr. Cooper Group (COOP), Tonix Pharmaceuticals (TNXP), American Airlines Group (AAL), Advanced Micro Devices (AMD), Cleveland-Cliffs (CLF), Enterprise Products Partners (EPD), Energy Transfer (ET) and Nokia Oyj (NOK).

Lantronix trades on the NASDAQ under the ticker symbol "LTRX."

Shares of LTRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LTRX stock can currently be purchased for approximately $4.39.

Lantronix (NASDAQ:LTRX) has a market capitalization of $162.03 million and generates $131.19 million in revenue each year. The technology company earns $-8,980,000.00 in net income (profit) each year or ($0.25) on an earnings per share basis.

The company employs 357 workers across the globe.

Lantronix's mailing address is 7535 IRVINE CENTER DRIVE SUITE 100, IRVINE CA, 92618. The official website for the company is www.lantronix.com. The technology company can be reached via phone at (949) 453-3990, via email at investors@lantronix.com, or via fax at 949-453-3995.