Lantronix Inc (LTRX)
Lantronix Inc (LTRX) is a provider of secure data access and management solutions for Internet of Things (IoT) and edge computing devices. The company offers hardware, software, and services to enable remote device management, secure connectivity, and data collection across various industries, including industrial, healthcare, retail, and transportation. Founded in 2000, Lantronix focuses on simplifying device connectivity and enabling real-time data insights for businesses.
Company News
Lantronix announced a strategic partnership with Gremsy and Teledyne FLIR to develop advanced drone platforms with high-performance, low-power edge AI computing solutions that improve drone operational efficiency and meet strict government regulations.
Lantronix announced the acquisition of DZS's NetComm enterprise IoT business for $6.5 million, expanding its IoT wireless connectivity portfolio and customer base.
Amid global macroeconomic challenges, the Zacks Computer - Networking industry players like CSCO, EXTR and LTRX are poised to benefit from the accelerated 5G deployment
Disappointing earnings and guidance sent the stock lower.