EU and US could reach trade deal this weekend - Reuters
In a recent transaction, Kevin S. Palatnik, a director at Lantronix Inc. (NASDAQ:LTRX), acquired 20,000 shares of common stock valued at approximately $50,750. The purchase was executed on February 28, 2025, at an average price of $2.5375 per share, with the stock currently trading near its 52-week low of $2.48. According to InvestingPro analysis, the stock appears undervalued, with analysts maintaining a strong buy consensus. The transaction was conducted in multiple trades with prices ranging from $2.53 to $2.54 per share, as detailed in the filing with the Securities and Exchange Commission. Following this transaction, Palatnik holds a total of 20,000 shares directly in the $97.75 million market cap company. With the stock showing oversold conditions and trading significantly below InvestingPro’s Fair Value estimate, subscribers can access 13 additional key insights about LTRX’s investment potential.
In other recent news, Lantronix Inc. reported its financial results for the second quarter of fiscal year 2025, revealing a non-GAAP earnings per share (EPS) of $0.04, which missed analysts’ expectations of $0.10. The company’s revenue for the quarter was $31.2 million, falling short of the anticipated $38.56 million and marking a 16% decrease compared to the previous year. Despite these challenges, Lantronix has completed significant cost reduction initiatives and remains focused on its strategic initiatives in edge computing and IoT. Lake Street Capital Markets revised its price target for Lantronix to $5.00 from $6.00 but maintained a Buy rating, citing the company’s potential for growth in fiscal year 2026. The firm noted that Lantronix’s edge AI products are gaining early positive traction, which could enhance earnings per share in the future. Additionally, Lantronix announced the appointment of Steve Burrington as Vice President of Global Research and Development, aiming to strengthen its product development in IoT solutions. These developments reflect the company’s ongoing efforts to navigate a challenging market environment while positioning itself for future growth.
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