Roth Capital Maintains a Buy Rating on Lantronix

By George MacDonald

In a report released today, Krishna Shankar from Roth Capital maintained a Buy rating on Lantronix (NASDAQ: LTRX), with a price target of $3. The company’s shares opened today at $1.92, close to its 52-week low of $1.76.

Shankar said, “$(0.01) versus our $11.7 million/$0.01 estimate due to delays in closing some enterprise IT project opportunities. We recommend accumulation of LTRX and expect modest FY15 revenue growth with growth in enterprise solutions and new OEM module business offsetting legacy OEM module declines. We believe that new OEM and enterprise design wins are gaining momentum and view LTRX as an emerging growth opportunity focused on M2M and IOT connectivity over wired/wireless networks.”

Lantronix has an analyst consensus of Hold.

The company has a one year high of $3.31 and a one year low of $1.76. Currently, Lantronix has an average volume of 20.12k.

According to TipRanks, Shankar is a 4-star analyst with an average return of 7.5% and a 50.7% success rate. Shankar covers the Technology sector, focusing on stocks such as Pericom Semiconductor Corp., Applied Optoelectronics, and Advanced Micro Devices.

Lantronix Inc designs, develops, markets and sells networking and communications products. The Company provides solutions that enable machines, devices and sensors to be securely accessed, managed and controlled.