Lantronix and P3 Digital Services Partner to Accelerate Digital Transformation
January 5, 2024
🌥️Trending News
Lantronix ($NASDAQ:LTRX), a leading technology company that designs, develops and markets innovative networking and communication solutions, has announced a new partnership with P3 Digital Services. This partnership is set to accelerate digital transformation and help organizations manage their remote operations securely and efficiently. From its early days of providing secure, server-based remote device networking solutions, the company has expanded its portfolio to include secure Wi-Fi®, Bluetooth®, robotic process automation, and AI/ML-based solutions. The partnership with P3 Digital Services allows customers to leverage Lantronix’s reliable and secure solutions to access and control their remote networks and equipment.
P3 Digital Services, an IT infrastructure service provider, provides custom IT solutions and managed services that enable clients to manage their mission-critical networks, applications, devices, and data more efficiently. The partnership between Lantronix and P3 Digital Services is expected to help customers reduce costs, improve operational efficiency, and increase productivity. It will also help organizations embrace digital transformation initiatives and effectively leverage technologies such as cloud computing, artificial intelligence (AI), robotic process automation (RPA), blockchain, and the Internet of Things (IoT).
Price History
On Wednesday, LANTRONIX and P3 Digital Services announced a strategic partnership to further accelerate the digital transformation of their customers. LANTRONIX, a leading provider of secure connectivity and remote management products and solutions, and P3 Digital Services, a global engineering and technology services provider, will collaborate on solutions designed to deliver higher levels of automation and efficiency for today’s enterprise and industrial IoT applications. The partnership is expected to provide customers with a faster, more efficient way to develop and deploy digital solutions, while offering predictable performance and scalability.
This collaboration further cements LANTRONIX’s position as an industry leader in providing secure connectivity, remote management, and related services to enterprises around the world. The news of this partnership had a positive effect on the LANTRONIX stock. Lantronix_and_P3_Digital_Services_Partner_to_Accelerate_Digital_Transformation”>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lantronix. More…
| Total Revenues | Net Income | Net Margin |
| 132.43 | -9.21 | -6.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lantronix. More…
| Operations | Investing | Financing |
| 12.4 | -2.2 | -3.84 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lantronix. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 152.4 | 75.41 | 2.07 |
Key Ratios Snapshot
Some of the financial key ratios for Lantronix are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.2% | – | -5.3% |
| FCF Margin | ROE | ROA |
| 7.7% | -5.6% | -2.9% |
Analysis
GoodWhale has taken a look at the fundamentals of LANTRONIX and classified it as a “rhino”, meaning it has achieved moderate revenue or earnings growth. As a result, this type of company may be of interest to investors who are looking for steady but lower-risk returns. When it comes to health scores, LANTRONIX has an intermediate score of 4/10, suggesting that it is likely to sustain future operations in times of crisis. This is because the company’s cashflows and debt remain generally balanced. In addition, LANTRONIX is strong in asset, growth, and profitability, yet weak in dividend. That said, investors may want to consider investing in such a business model as it has the potential to yield steady returns over time. Lantronix_and_P3_Digital_Services_Partner_to_Accelerate_Digital_Transformation”>More…
Peers
Lantronix‘s solutions enable its customers to remotely and securely connect to, manage, and control virtually any electronic device. Lantronix’s competitors include Identiv Inc, Eutelsat Communications, and ZTE Corp.
– Identiv Inc ($NASDAQ:INVE)
Identiv, Inc. is a global provider of physical security and safe identity solutions. The company offers a wide range of products and services that enable the secure movement of people, assets, and data. Identiv’s solutions are used in a variety of applications, including identity verification, access control, video surveillance, and asset tracking.
Identiv’s market cap is $278.32 million as of 2022. The company’s return on equity is -0.4%.
Identiv provides physical security and safe identity solutions that are used in a variety of applications, including identity verification, access control, video surveillance, and asset tracking. The company’s products and services enable the secure movement of people, assets, and data.
– Eutelsat Communications ($OTCPK:ETCMY)
Eutelsat Communications is a leading satellite operator. The company has a market cap of 2.15B as of 2022 and a Return on Equity of 9.77%. Eutelsat Communications provides satellite communications services to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions. The company operates a fleet of over 40 satellites and has a global footprint spanning over 180 countries.
– ZTE Corp ($SZSE:000063)
ZTE Corporation is a Chinese multinational telecommunications equipment and systems company headquartered in Shenzhen, Guangdong, China. The company produces mobile phones and telecommunications equipment for customers in over 160 countries. ZTE operates in three business units: carrier networks, terminals, and telecommunication. Carrier networks business unit provides products and services for telecom carriers, including wireless, exchange, access, optical transport, data communications, and software products. Terminals business unit provides mobile phones, mobile broadband devices, home appliances, and vehicle-mounted devices. Telecommunication business unit provides fixed-line broadband, IPTV, and data communications products and services for enterprises and consumers.
As of 2022, ZTE Corporation has a market capitalization of 94.61 billion US dollars. The company’s return on equity (ROE) is 11.4%. ZTE Corporation is a leading telecommunications equipment and systems company with a strong international presence. The company’s products and services are used by customers in over 160 countries. ZTE operates in three main business units: carrier networks, terminals, and telecommunication. ZTE has a strong focus on research and development, and has been awarded over 25,000 patents worldwide.
Summary
Lantronix, Inc. and P3 Digital Services have announced a new strategic partnership aimed at helping customers increase their efficiency and profitability. The partnership aims to enhance the existing services Lantronix offers in the areas of industrial automation, remote management, and software-defined networking. Through P3 Digital Services, Lantronix customers will benefit from access to a team of experts and resources to help them maximize the value of their investments in Lantronix solutions. This includes improving system performance, reducing operational costs, and increasing the speed of product deployment.
The partnership also provides access to innovative technologies and best practices to ensure customers stay compliant with industry regulations. Overall, the partnership is designed to provide customers with an enhanced “total solution” that allows them to get the most out of their investments in Lantronix solutions.
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