Lantronix - LTRX Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lantronix in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LTRX shares.
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3 brokerages have issued twelve-month target prices for Lantronix's shares. Their LTRX share price forecasts range from $10.00 to $13.00. On average, they predict the company's stock price to reach $12.00 in the next year. This suggests a possible upside of 131.2% 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 start of the year. Since then, LTRX shares have increased by 20.1% and is now trading at $5.19.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our LTRX earnings forecast.

Lantronix will be holding an earnings conference call on Thursday, February 9th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "3746642".

Lantronix, Inc. (NASDAQ:LTRX) posted its quarterly earnings results on Wednesday, November, 9th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.01. The technology company earned $31.80 million during the quarter, compared to analyst estimates of $32.50 million. Lantronix had a negative trailing twelve-month return on equity of 6.08% and a negative net margin of 3.54%.

Lantronix updated its FY 2023 earnings guidance on Saturday, January, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $135.00 million-$145.00 million, compared to the consensus revenue estimate of $159.34 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."

Lantronix's stock is owned by many different institutional and retail investors. Top institutional shareholders include Essex Investment Management Co. LLC (0.95%), Legato Capital Management LLC (0.36%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Bernhard Bruscha, Fathi Hakam, Hoshi Printer, Jeremy Whitaker, Paul F Folino, Paul H Pickle and Roger Holliday.
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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 $5.19.

Lantronix (NASDAQ:LTRX) has a market capitalization of $188.09 million and generates $129.65 million in revenue each year. The technology company earns $-5,360,000.00 in net income (profit) each year or ($0.15) on an earnings per share basis.

The company employs 299 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.