Complete List of All AI Companies Under $2 Billion Market Cap

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36. Lantronix, Inc. (NASDAQ:LTRX)

Market Capitalization: $135.05 Million

Number of Hedge Fund Holders: 14

Lantronix, Inc. (NASDAQ:LTRX) designs and sells IoT products and services globally. It designs advanced development kits and hardware for AI and machine learning applications. The company has deployed solutions in areas like computer vision, object tracking, facial recognition, handwritten digit recognition, and 3D image generation.

Its products support Qualcomm’s AI Engine and Snapdragon Neural Processing Engine, offering high-performance, low-power deep learning and neural network capabilities. The company also offers IoT systems with wired and wireless connections, power over Ethernet, and secure access for distributed IoT devices. Lantronix provides a SaaS platform for managing IoT deployments and engineering services for product development.

Lantronix (NASDAQ:LTRX) stock has been covered by 5 analysts with all of them maintaining a Buy-equivalent rating on the stock. The average price target of $5.50 represents a 58.5% upside to its stock price on January 15.

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