Lantronix Inc. (NASDAQ:LTRX) broke out on 6 July at 5.31 and confirmed on 8 July at 5.35. Thus, garnering an LTN Cash Pile Buy rating with a 1yr price target at 8/share.
The Wall Street consensus target is at 7.33, and the stock closed at 5.35 within its 52 wk range of 3.29 – 6.05 Thursday.
Our Key technical indicators are starting to flash Very Bullish, the major support is at 5.31 and the resistance is lite thru 6/share
Lantronix, Inc. provides software as a service (SaaS), engineering services, and hardware for edge computing, the Internet of Things (IoT), and remote environment management (REM) in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan.
The company’s IoT products include IoT Connectivity, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, application hosting, protocol conversion, secure access for distributed IoT deployments, and various other functions; IoT Compute that include application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications, and IoT Telematics, which provides power efficient products designed to support communications across interfaces and industrial protocols for vehicle, fleet, and asset tracking and management.
Also it offers system on module, single board computer, and development kits; and services for mechanical, hardware, and software engineering for camera, audio, and artificial intelligence/machine learning development, as well as xPrintServer.
Plus, the company’s REM products include out-of-band management, console management, power management, and IP connected keyboard-video-mouse products that provide remote access to IT and networking infrastructure deployed in test labs, data centers, branch offices, remote sites, and server rooms.
LTRX’s SaaS platform enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.
The company offers its products through value added resellers, systems integrators, distributors, online retailers, and original equipment manufacturers; and an e-commerce site for direct sales.
Lantronix, Inc. was founded in Y 1989 and is HQ’d in Irvine, California.
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