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Skyworks' Revenue Falls; Lantronix Stock Surges - Orange County Business Journal

Two Irvine-based tech companies last week reported quarterly results that are foreshadowing future industry trends.Skyworks Solutions Inc. forecast on April 30 that its fiscal third-quarter sales and adjusted profit will be much lower than analysts expected. It cited slowing mobile device sales. Shares dropped 15% in the following trading session to $90.30, for a $14.4 billion market cap (Nasdaq: SWKS). ....

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Craig Hallum Cuts Lantronix (NASDAQ:LTRX) Price Target to $6.00

Lantronix (NASDAQ:LTRX – Free Report) had its price objective decreased by Craig Hallum from $7.00 to $6.00 in a report issued on Tuesday, Benzinga reports. Craig Hallum currently has a buy rating on the technology company’s stock. Other research analysts also recently issued reports about the company. Lake Street Capital cut their price objective on […] ....

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Lantronix (NASDAQ:LTRX) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Lantronix (NASDAQ:LTRX – Free Report) in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a $7.00 price objective on the technology company’s stock. Several other equities research analysts also recently weighed in on the stock. Roth Mkm reiterated […] ....

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Lantronix (NASDAQ:LTRX) Receives "Buy" Rating from Roth Mkm

Lantronix (NASDAQ:LTRX) Receives "Buy" Rating from Roth Mkm
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Lantronix (NASDAQ:LTRX) Updates Q4 2024 Earnings Guidance

Lantronix (NASDAQ:LTRX – Get Free Report) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share guidance of 0.120-0.180 for the period, compared to the consensus earnings per share estimate of 0.160. The company issued revenue guidance of $46.5 million-$51.5 million, compared to the consensus revenue estimate of $50.0 million. […] ....

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