September 20, 2005
SpeculatingStocks.com Stock Pick: Lantronix, Inc. (LTRX)
Stock Price: $1.34 (long-term strong buy)
Lantronix, Inc. provides technology solutions that help businesses remotely manage network infrastructure equipment and enable their physical electronic devices. Lantronix's connectivity solutions securely link a company's electronic assets through the network
The company recently reported year-end and quarterly results for the fourth quarter. Revenue for the full year 2005 was flat compared to 2004; however, the company did report $12.2 million in revenues and a net loss of only $15,000 for the fourth quarter.
The company currently has $6.8 million in cash and cash equivalents on the balance sheet.
LTRX has been up and down in the same range since May. There is little downside risk from here as the company improves its bottom line.
SpeculatingStocks.com Target Price: We expect LTRX to reach $1.80 within the next 2 - 4 months.