Most probably it could be due to slow license server response i.e. lmstat timesout before it get response from slow license server. Running strace on the lmstat, may slow it down enough so that the server can respond. Increasing the lmstat timout, however, by using the -t seconds parameter, does not effect the results.
A work-around may be to run 'strace' on the lmstat command
strace -f -o /dev/null lmstat -c 1717@myserver
download v126.96.36.199 version of lmutil from below links
I have 3 suggestions.
1) Make sure you have the correct lmutil executable for your O/S.
2) I had a user run into a similar issue and turns out there was an older version located in one of the stanard path directories that was overriding the new one that was loaded.
3) Add -t 60 at the end to give the license manager up to a minute to respond. This helps on slow networks.
Hope this helps!