Lantronix (NASDAQ:LTRX) issued an update on its third quarter 2020
After-Hours earnings guidance on Wednesday morning. The company provided EPS guidance of 0.02-0.06 for the period, compared to the Thomson Reuters consensus EPS 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.

NASDAQ LTRX traded down $0.19 during trading on Friday, hitting $3.36. 145,797 shares of the company’s stock traded hands, compared to its average volume of 103,816. The stock has a fifty day moving average of $3.84 and a two-hundred day moving average of $3.51. Lantronix has a 12-month low of $2.34 and a 12-month high of $4.42. The firm has a market cap of $77.49 million, a P/E ratio of -28.00 and a beta of 0.78.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). Lantronix had a positive return on equity of 2.58% and a negative net margin of 5.90%. The company had revenue of $13.23 million during the quarter. On average, sell-side analysts anticipate that Lantronix will post 0.22 earnings per share for the current year.

A number of equities analysts have commented on the company. Needham & Company LLC reaffirmed a buy rating and issued a $4.25 price target on shares of Lantronix in a research note on Sunday, January 19th. ValuEngine downgraded Lantronix from a hold rating to a sell rating in a research report on Friday, January 24th.

In related news, Director Paul F. Folino sold 19,926 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $3.29, for a total transaction of $65,556.54. Over the last ninety days, insiders sold 24,926 shares of company stock worth $82,208. 40.00% of the stock is owned by insiders.

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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