Lantronix Shares Plunge 30% on Bleak FY24 Forecast

Lantronix Shares Fall as Company Cuts Full-Year Guidance and Misses Estimates

Shares of Lantronix, a California-based company that provides Internet-of-Things solutions, plummeted after the company announced a significant reduction in its full-year guidance and reported second-quarter results that fell short of expectations. The stock experienced a steep decline of 30%, closing at $4.07 on Friday. Overall, Lantronix’s shares have fallen by approximately 31% since the beginning of the year.