Lantronix Case Study focuses on Reliable and Secure Support Provided to Financial Services Industry by its Out-of-Band Solutions
Lantronix, Inc. (LTRX)
Last lantronix, inc. earnings: 2/12 04:30 pm
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Source: GlobeNewswire
IRVINE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions announced that it published today its case study focusing on deployment of its Out-of-Band (OOB) solutions and accompanying Level Technical Services by a leading financial services company. This large global entity has a complex IT infrastructure that includes highly distributed mission-critical servers at data centers worldwide. “Lantronix OOB allowed the IT teams to access and manage servers that are on the SWIFT network while ensuring compliance with strict security standards,” said Jacques Issa, VP of Marketing for Lantronix. “A key part of this solution includes encrypted access to remote servers with detailed logging, monitoring, and reporting.” By 2025, Gartner predicts 75% of enterprise-generated data will be created and processed outside a traditional data center or cloud. As the move to Edge computing accelerates, data centers are
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LTRX
News
- Lantronix, Inc. (NASDAQ: LTRX) had its price target lowered by analysts at Craig Hallum from $7.00 to $6.00. They now have a "buy" rating on the stock.MarketBeat
- Lantronix, Inc. (NASDAQ: LTRX) had its price target lowered by analysts at Lake Street Capital from $8.00 to $7.00. They now have a "buy" rating on the stock.MarketBeat
- Lantronix, Inc. (NASDAQ: LTRX) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $7.00 price target on the stock.MarketBeat
- Lantronix, Inc. (NASDAQ: LTRX) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $9.00 price target on the stock.MarketBeat
- Lantronix, Inc.'s (NASDAQ:LTRX) largest shareholders are retail investors with 41% ownership, institutions own 40% [Yahoo! Finance]Yahoo! Finance
LTRX
Earnings
- 4/29/24 - Beat
LTRX
Sec Filings
- 4/29/24 - Form 8-K
- 3/29/24 - Form 11-K
- 3/4/24 - Form 4
- LTRX's page on the SEC website