Lantronix (NASDAQ:LTRX) Releases Q2 2027 Earnings Guidance

Lantronix (NASDAQ:LTRX) updated its second quarter 2027 earnings guidance on Tuesday. The company provided earnings per share 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 Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JonesTrading assumed coverage on shares of Lantronix in a report on Wednesday, July 15th. They issued a “buy” rating and a $12.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a research report on Thursday, October 15th. Needham & Company LLC restated a “buy” rating and issued a $11.00 target price on shares of Lantronix in a research note on Thursday, August 27th. Lake Street Capital increased their target price on Lantronix from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, September 18th. Finally, Wall Street Zen raised Lantronix from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Lantronix currently has a consensus rating of “Moderate Buy” and an average price target of $10.80.

Lantronix Stock Performance

NASDAQ:LTRX opened at $5.45 on Tuesday. Lantronix has a 52 week low of $4.40 and a 52 week high of $8.75. The stock’s 50-day moving average price is $6.01 and its 200-day moving average price is $6.07.

Lantronix (NASDAQ:LTRX) last posted its 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. Lantronix had a negative return on equity of 4.88% and a negative net margin of 3.46%. The company had revenue of $32.37 million for the quarter, compared to the consensus estimate of $31.98 million. As a group, equities research analysts anticipate that Lantronix will post 0.10 EPS for the current fiscal year.

Insider Buying and Selling at Lantronix

In related news, CEO Saleel Awsare acquired 15,000 shares of Lantronix stock in a transaction on Wednesday, September 9th. The shares were bought at an average price of $5.18 per share, for a total transaction of $77,700.00. Following the completion of the purchase, the chief executive officer directly owned 453,381 shares in the company, valued at $2,348,513.58. This trade represents a 3.42% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.80% of the stock is currently owned by company insiders.

More Lantronix News

Here are the key news stories impacting Lantronix this week:

• Positive Sentiment: Revenue increased 8.6% year over year to $32.4 million, slightly above the $32.0 million analyst estimate. Adjusted earnings of $0.05 per share topped the $0.04 consensus. Zacks earnings report
• Positive Sentiment: Embedded IoT Solutions revenue grew 37% year over year, offering investors evidence of strong growth in a key business area. The Motley Fool article
• Negative Sentiment: Profitability and cash generation were weak: Lantronix reported a $558,000 operating loss, a $463,000 net loss, and negative operating cash flow of $2.5 million. The company ended the quarter with $37.6 million in cash. Quiver Quantitative earnings summary

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.