EU and US could reach trade deal this weekend - Reuters
In a recent transaction, Narbeh Derhacobian, a director at Lantronix Inc. (NASDAQ:LTRX), purchased 10,000 shares of the company’s common stock. The acquisition, made on March 6, 2025, was executed at a weighted average price of $2.6686 per share, totaling approximately $26,686. According to InvestingPro data, this purchase comes as the stock trades significantly below its Fair Value, with shares down about 26% over the past six months.
The transaction was conducted in multiple trades, with share prices ranging from $2.65 to $2.67. Following this purchase, Derhacobian’s direct ownership in Lantronix stands at 10,000 shares. The company, currently valued at $106 million, maintains a healthy current ratio of 2.56 and operates with moderate debt levels. InvestingPro subscribers can access detailed insider trading patterns and 11 additional key insights about LTRX’s financial health and growth prospects.
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 fell short of the expected $0.10. The company’s revenue for the quarter was $31.2 million, missing the anticipated $38.56 million and marking a 16% decrease from the previous year. Despite these results, Lake Street Capital Markets adjusted Lantronix’s price target to $5.00 from $6.00 but maintained a Buy rating, indicating continued confidence in the company’s long-term potential. The firm anticipates a rebound in Lantronix’s top line, supported by recent cost-cutting measures and positive responses to its edge AI products.
Additionally, Lantronix announced the appointment of Steve Burrington as the Vice President of Global Research and Development, aiming to strengthen its IoT solutions. Burrington brings extensive experience from previous roles at Sierra Wireless (NASDAQ:SWIR) and Netgear (NASDAQ:NTGR), aligning with Lantronix’s focus on Edge AI and IoT innovations. The company continues to focus on strategic growth, with guidance for the next quarter projecting revenue between $27 million and $31 million and EPS between $0.01 and $0.05. These developments highlight Lantronix’s efforts to navigate current challenges while positioning itself for future growth in the IoT and Edge AI markets.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.