Lantronix Inc is a global provider of secure communication and IoT solutions that enable businesses to connect, manage, and optimize their devices and data over the internet
The company specializes in offering advanced networking solutions, including hardware and software products that cater to industries such as telecommunications, transportation, and industrial automation. Their offerings facilitate the deployment of remote connectivity and data access, allowing enterprises to streamline operations, enhance productivity, and improve decision-making through real-time data insights. With a focus on innovation and customer-centric solutions, Lantronix helps organizations navigate the complexities of the evolving digital landscape.
Let's have a look at what is happening on the US markets after the closing bell on Thursday. Below you can find the top gainers and losers in today's after hours session.
IRVINE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQLTRX), a global leader in IoT compute and connectivity IoT solutions, today announced that it has signed a definitive agreement to acquire from NetComm Wireless Pty Ltd (“NetComm”), a subsidiary of DZS, Inc., all of the assets of its enterprise Internet of Things (IoT) business for $6.5 million in cash together with assumptions of certain liabilities. The acquisition complements Lantronix’s focus on the Enterprise and Smart City vertical markets and expands its next-generation 5G capabilities.
NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Lantronix, Inc. (NASDAQLTRX) on behalf of long-term stockholders following a class action complaint that was filed against Lantronix on February 23, 2024 with a Class Period from May 11, 2023 to February 8, 2024. Our investigation concerns whether the board of directors of Lantronix have breached their fiduciary duties to the company.
Weak global economic conditions, soft demand from telco and cable customers, and volatile supply chain dynamics continue to be concerns for the networking industry. Despite this, here are some stocks in the space to keep an eye on.
