Lantronix (NASDAQ:LTRX) Releases Q1 2020 Earnings Guidance

Lantronix (NASDAQ:LTRX) issued an update on its first quarter 2020 earnings guidance on Tuesday morning. The company provided EPS guidance of $-0.03-0.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.03. The company issued revenue guidance of $12-13 million, compared to the consensus revenue estimate of $13.05 million.Lantronix also updated its FY 2020 guidance to $0.21 EPS.

LTRX traded up $0.12 on Tuesday, reaching $3.79. The company’s stock had a trading volume of 242,421 shares, compared to its average volume of 80,160. Lantronix has a 1 year low of $2.34 and a 1 year high of $5.94. The business’s 50 day moving average is $3.47 and its 200 day moving average is $3.32. The stock has a market cap of $80.19 million, a price-to-earnings ratio of 27.46 and a beta of 0.79.

Separately, ValuEngine raised Lantronix from a hold rating to a buy rating in a report on Tuesday, August 20th.

About Lantronix

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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