Lantronix (NASDAQ:LTRX) Releases Q2 2027 Earnings Guidance

Lantronix (NASDAQ:LTRX) issued an update on its second quarter 2027 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.040-0.060 for the period, compared to the consensus earnings per share estimate of 0.040. The company issued revenue guidance of $32.5 million-$34.5 million, compared to the consensus revenue estimate of $33.5 million.

Analyst Ratings Changes

Several research firms have recently issued reports on LTRX. JonesTrading started coverage on Lantronix in a research report on Wednesday, July 15th. They issued a “buy” rating and a $12.00 price target on the stock. Lake Street Capital increased their price objective on shares of Lantronix from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, September 18th. Wall Street Zen raised Lantronix from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Zacks Research downgraded shares of Lantronix from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a research report on Thursday, October 15th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.80.

Lantronix Stock Down 19.4%

LTRX opened at $4.39 on Wednesday. Lantronix has a 12-month low of $4.36 and a 12-month high of $8.75. The stock has a market cap of $205.80 million, a price-to-earnings ratio of -54.87 and a beta of 1.36. The business has a 50 day moving average of $6.00 and a 200-day moving average of $6.06.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings results on Monday, November 9th. The technology company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $32.37 million for the quarter, compared to analyst estimates of $31.98 million. Lantronix had a negative net margin of 2.63% and a negative return on equity of 3.63%. As a group, analysts expect that Lantronix will post 0.07 earnings per share for the current year.

Insider Transactions at Lantronix

In other Lantronix news, CEO Saleel Awsare bought 15,000 shares of Lantronix stock in a transaction on Wednesday, September 9th. The shares were purchased at an average price of $5.18 per share, with a total value of $77,700.00. Following the acquisition, the chief executive officer owned 453,381 shares in the company, valued at $2,348,513.58. This trade represents a 3.42% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by insiders.

About Lantronix

Lantronix, Inc. (NASDAQ: LTRX) is a provider of Internet of Things (IoT) and edge-computing solutions that help organizations connect, manage, and secure devices and equipment. The company serves customers in industrial, enterprise, transportation, healthcare, smart-city, and other applications where reliable remote connectivity and device management are required. Its portfolio includes embedded networking modules, industrial and cellular gateways, routers, out-of-band management products, and software for remotely provisioning, monitoring, and managing connected devices.