Lantronix, Inc. (LTRX) is a penny stock that appears to be undervalued, especially considering its recent partnership with Qualcomm in the rapidly growing Internet of Things (IoT) market. This collaboration has the potential to drive significant growth for Lantronix in the near future.
The IoT market is expanding at a rapid pace, with more and more devices becoming connected to the internet. Lantronix’s partnership with Qualcomm positions the company well to capitalize on this growing trend. Qualcomm is a leader in the semiconductor industry, and its expertise in wireless technologies will complement Lantronix’s IoT solutions.
Despite these positive developments, Lantronix’s stock price remains relatively low, making it an attractive investment opportunity for those looking to capitalize on the potential growth in the IoT market. Investors should consider adding Lantronix to their watchlist and keeping an eye on any future developments that may further drive the stock price higher.