Lantronix (LTRX) Receiving Very Positive Press Coverage, AlphaOne Reports

Press coverage about Lantronix (NASDAQ:LTRX) has been trending very positive this week, according to AlphaOne. The research firm, a unit of Accern, identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lantronix earned a daily sentiment score of 0.56 on AlphaOne’s scale. AlphaOne also gave headlines about the technology company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the next few days.

Several brokerages recently commented on LTRX. Lake Street Capital increased their price objective on shares of Lantronix from $2.50 to $4.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Zacks Investment Research raised shares of Lantronix from a “hold” rating to a “strong-buy” rating and set a $3.25 price objective for the company in a research note on Wednesday, April 26th. Finally, TheStreet upgraded shares of Lantronix from a “d+” rating to a “c” rating in a research report on Monday, January 30th.

Lantronix (NASDAQ:LTRX) last released its earnings results on Friday, April 28th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03. Lantronix had a negative return on equity of 1.47% and a negative net margin of 1.80%. The business had revenue of $11.52 million during the quarter.

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About Lantronix

Lantronix, Inc is a provider of secure data access and management solutions for Internet of things (IoT) and information technology (IT) assets. The Company organizes its products and solutions into three product lines, including IoT, IT Management and Other. Its IoT products consist of IoT Gateways and IoT Building Blocks.

12 Month Chart for NASDAQ:LTRX

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