Corinex Appoints George Reznik as COO to Drive Global Expansion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Should l Buy LTRX?
Source: Newsfilter
- Executive Appointment: Corinex has appointed George Reznik as Chief Operating Officer, leveraging his 30 years of leadership experience in the technology sector to drive the company's global expansion in grid digitalization and enhance market competitiveness.
- Strategic Transformation: During his tenure as VP of Finance at Pivotal, Reznik successfully scaled the company's revenue from $10 million to $140 million, demonstrating his exceptional ability to drive growth and expand market share.
- Technological Innovation: Corinex's Broadband-over-Power-Line (BPL) solutions transform existing power grids into intelligent communication networks, enabling utilities to modernize their infrastructure in a more economical and environmentally friendly manner to meet the rapid demand for low-carbon technologies.
- Commitment to Sustainability: Reznik emphasizes his support for Corinex's mission to accelerate decarbonization through intelligent, connected energy infrastructure, addressing the challenges posed by the global transition to electrification and ensuring the sustainability of future energy systems.
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Analyst Views on LTRX
Wall Street analysts forecast LTRX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LTRX is 7.88 USD with a low forecast of 7.00 USD and a high forecast of 9.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 5.820
Low
7.00
Averages
7.88
High
9.00
Current: 5.820
Low
7.00
Averages
7.88
High
9.00
About LTRX
Lantronix Inc. specializes in compute and connectivity Internet of things (IoT) solutions that target industries including smart cities, automotive and enterprise. The Company's products and services help companies to capitalize on the expanding IoT market by delivering customizable solutions that address each layer of the IoT stack. Its solutions include intelligent substations infrastructure, infotainment systems and video surveillance, supplemented with advanced out-of-band management (OOB) for cloud and edge computing. Its solutions enable ultra-fast ethernet-to-cellular and wi-fi connectivity for machines in the demanding environments. Its product lines include Embedded IoT Modules, IoT Systems Solutions, and Software and Engineering Services. The Company's products include Edge AI, OOB, network infrastructure, industrial IoT, SoMs and dev kits, and connectivity modules. Its SmartLV, powered by the Qualcomm IQ-615 processor, is an AI-enabled IoT Edge Compute Cellular Gateway.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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