DZS Sells Enterprise IoT Portfolio to Lantronix for $6.5 Million [Yahoo! Finance]
Lantronix, Inc. (LTRX)
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Source: Yahoo! Finance
DALLAS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- DZS (OTC: DZSI), a developer of Networking and Connectivity systems and Cloud Edge software solutions enabling broadband everywhere, today announced the sale of its enterprise Industrial Internet of Things (IoT) solutions portfolio to Internet of things and remote environment management leader Lantronix . The all-cash, $6.5 million transaction transfers the DZS portfolio of Industrial IoT solutions to Lantronix as well as the associated development, product and sales resources. The divestiture strengthens DZS' balance sheet and enables the company to focus its development and sales resources on its core Networking, Connectivity and Cloud Edge Software portfolio. The acquisition for Lantronix enhances its internet of things (IoT) product portfolio, adds approximately 60 customers including several new marquee customers and expands its footprint spanning the United States, Europe and Australia. “When we acquired NetComm in June, our investm
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News
- Lantronix, Inc. (NASDAQ: LTRX) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $7.50 to $5.00. They now have a "buy" rating on the stock.MarketBeat
- Lantronix, Inc. (NASDAQ: LTRX) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Lantronix, Inc. (NASDAQ: LTRX) had its price target lowered by analysts at Needham & Company LLC from $7.00 to $5.50. They now have a "buy" rating on the stock.MarketBeat
- Lantronix First Quarter 2025 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Lantronix Inc (LTRX) Q1 2025 Earnings Call Highlights: Revenue Growth Amid Strategic Initiatives [Yahoo! Finance]Yahoo! Finance
LTRX
Earnings
- 11/7/24 - Beat
LTRX
Sec Filings
- 11/18/24 - Form 4
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- LTRX's page on the SEC website