Analyst Says Buy; Lantronix Stock Up 43%
- Share via
Bloomberg News
Shares of Lantronix Inc. surged $2.63, or 43%, to $8.75 Monday in Nasdaq trading after Needham &
Co. analyst A.A. Lafountain III initiated coverage of the Irvine producer of network device servers and rated the stock a “strong buy.”
The stock has bounced back from a low of $3.88 on Oct. 30, but remains below its high of $12.38 on Aug. 30.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
