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Lantronix Inc - LTRX STOCK NEWS

Welcome to our dedicated news page for Lantronix (Ticker: LTRX), a resource for investors and traders seeking the latest updates and insights on Lantronix.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lantronix's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lantronix's position in the market.

News
Lantronix to Report Fiscal 2024 Third Quarter Results on April 29, 2024
Rhea-AI Summary
Lantronix Inc. will report its fiscal 2024 third-quarter results on April 29, 2024. The Company, a global provider of compute and connectivity IoT solutions, will release financial data for the quarter ended March 31, 2024, and host an investor conference call and webcast on the same day.
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Lantronix to Participate in the 21st Annual Craig-Hallum Institutional Investor Conference on May 29, 2024
Rhea-AI Summary
Lantronix Inc. (NASDAQ: LTRX) will participate in the 21st Annual Craig-Hallum Institutional Investor Conference on May 29, 2024. Lantronix CEO Saleel Awsare and CFO Jeremy Whitaker will have one-on-one meetings with investors at the event. Interested investors can contact Lantronix CFO Jeremy Whitaker for meeting availability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.63%
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Lantronix Case Study focuses on Reliable and Secure Support Provided to Financial Services Industry by its Out-of-Band Solutions
Rhea-AI Summary
Lantronix Inc. (NASDAQ: LTRX) published a case study highlighting the deployment of its Out-of-Band (OOB) solutions for a leading financial services company. The OOB solutions provided secure automation for critical banking infrastructure, ensuring compliance with strict security standards. The move to Edge computing is driving the need for decentralized data centers, with OOB management improving network resiliency and uptime while reducing IT costs. Lantronix's solutions offer encrypted access, granular permissioning, compliance reporting, secure session management, and centralized control. The company's LM83X Console Servers with Control Center provide dedicated Ethernet connections for secure server management. The case study showcases the successful partnership with a major U.S. bank over 18 years, demonstrating the reliability, security, and flexibility of Lantronix's solutions.
Rhea-AI Impact
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End-of-Day
1.29%
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Lantronix Announces New FOX4 and Bolero 43 Edge Compute Trackers, Expanding Its Award-Winning Telematic Gateways Family
Rhea-AI Summary
Lantronix launches new FOX4 and Bolero 43 edge compute trackers for telematics market, targeting $3.7 billion by 2027. The products feature advanced connectivity, security, and customization capabilities, showcased at industry events.
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End-of-Day
2.22%
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Lantronix Showcases New Campus PoE++ Switches, Pre-Configured With Percepxion Cloud Management Software
Rhea-AI Summary
Lantronix Inc. announces new managed gigabit PoE++ enterprise switches for security, surveillance, smart buildings, and IoT applications. The switches support PoE++ and PoE+ devices, come pre-configured with Percepxion cloud management platform, and offer advanced Layer 2 features. Lantronix aims to meet the increasing demand for PoE ports in network deployments.
Rhea-AI Impact
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End-of-Day
-6.25%
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Lantronix Expands Family of M110 Mobility Solutions With New M114 CAT-1BIS Modem, Pre-Configured With Percepxion IoT Software
Rhea-AI Summary
Lantronix Inc. introduces the new M114 CAT-1BIS modem, expanding its M110 mobility solutions with a compact, low-power serial-to-cellular modem. The modem comes pre-configured with Percepxion™ IoT software for secure device lifecycle management at the edge. With a small form factor and low-power consumption, the M114BIS is ideal for industrial applications, offering speedy device deployment and remote management.
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-1.66%
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Lantronix to Participate in 36th Annual Roth Conference Held March 17–19, 2024
Rhea-AI Summary
Lantronix Inc. announces CEO Saleel Awsare's participation in a fireside chat with analyst Scott Searle and CFO Jeremy Whitaker at the 36th Annual Roth Conference. The event will take place on March 18, 2024, with a live webcast available on the company's website.
Rhea-AI Impact
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End-of-Day
-1.44%
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Lantronix Announces Snapdragon 8 Gen 3 Mobile Hardware Development Kit for Qualcomm 8650 System-on-Chip
Rhea-AI Summary
Lantronix Inc. announces the launch of the Snapdragon 8 Gen 3 mobile hardware development kit, providing powerful AI capabilities for mobile applications and devices. The kit offers double the AI performance of the previous model, enabling breakthroughs in robotics, video, and edge AI. The Multimodal AI Market is projected to grow at a CAGR of 35.8% from 2024 to 2030.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
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Notice of Inducement Grants for Kurt Hoff, Lantronix Vice President, Worldwide Sales
Rhea-AI Summary
Lantronix Inc. announced the issuance of inducement awards to Kurt Hoff, including 62,404 restricted share units and 43,203 performance-based share units. The RSU award will vest over three years, while the PSU award is based on the company's relative total stockholder return over a three-year period. These awards are granted as employment inducement awards in accordance with NASDAQ Listing Rule 5635(c)(4).
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Rhea-AI Sentiment
End-of-Day
-4.1%
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Lantronix Names Kurt Hoff as Vice President, Worldwide Sales
Rhea-AI Summary
Lantronix Inc. appoints Kurt Hoff as vice president, Worldwide Sales, replacing Roger Holliday who is retiring. Hoff brings extensive IoT industry experience from companies like Synaptics and Silicon Laboratories, enhancing Lantronix's leadership team.
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Stock LTRX logo
Lantronix Inc

Nasdaq:LTRX

LTRX Rankings

#4122 Ranked by Market Cap
#3035 Ranked by Stock Gains
N/A Ranked by Dividends

LTRX Stock Data

124.05M
30.45M
18.88%
41.11%
0.67%
Electronic Computer Manufacturing
Manufacturing
Link
United States
Irvine

About LTRX

lantronix, inc. is a global provider of secure data access and management solutions for internet of things (iot) assets. our mission is to be the leading supplier of iot solutions that enable companies to dramatically simplify the creation, deployment, and management of iot projects while providing secure access to data for applications and people. with more than two decades of experience in creating robust machine to machine (m2m) technologies, lantronix is an innovator in enabling our customers to build new business models and realize the possibilities of the internet of things. our connectivity solutions are deployed inside millions of machines serving a wide range of industries, including data center, medical, security, industrial, transportation, retail, financial, environmental and government.