Previous close | 63.50 |
Open | 63.70 |
Bid | 62.59 x 800 |
Ask | 63.64 x 800 |
Day's range | 63.20 - 63.99 |
52-week range | 41.81 - 68.17 |
Volume | |
Avg. volume | 505,441 |
Market cap | 10.111B |
Beta (5Y monthly) | 0.71 |
PE ratio (TTM) | 28.54 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.97 (1.53%) |
Ex-dividend date | 26 Sept 2022 |
1y target est | N/A |
Logitech's (LOGI) Q4 top line reflects the lower demand for the company's products amid a challenging macroeconomic environment, which has led Enterprise customers to reduce their IT budgets and delay project investments.
Logitech's (LOGI) Q4 performance is likely to have been negatively impacted by the declining demand for personal computers, the main sales booster for its PC peripheral products.
Lamb Weston and Logitech have been highlighted as Zacks Bull and Bear of the Day.
Like many early pandemic winners, Logitech stock became a victim of its own success. Logitech's earnings and revenue outlook continues to trend in the wrong direction.
The declining demand for PCs is likely to have hurt Logitech's (LOGI) peripheral sales in the third quarter of fiscal 2023.
One company has celestial aspirations, while the other is looking to get back its positive momentum.
Shares of Logitech International (NASDAQ: LOGI) were taking a dive today after the maker of computer accessories like mice, keyboards and webcams posted disappointing results in its preliminary earnings report for the third quarter of fiscal 2023, ended Dec. 31, 2022. Logitech said preliminary revenue fell 22% to 23%, or 17% to 18% in constant currency, to $1.26 billion to $1.27 billion, which was well below the analyst consensus at $1.39 billion. On the bottom line, operating income under generally accepted accounting principles (GAAP) was down 33% to 35% to between $171 million and $176 million, while adjusted operating income was down by a similar amount to between $198 million and $203 million.
(Reuters) -European shares ended higher on Thursday, with retailers leading sectoral gains, while U.S. inflation data showed signs of moderating last month, easing worries about the Federal Reserve delivering big interest rate hikes in the near term. The rate-sensitive tech sector rose 0.4%, supported by a rise in semiconductor stocks such as ASML Holding after Taiwanese chipmaker TSMC reported a forecast-beating 78% rise in quarterly profit.
We have picked three tech stocks that are better buys than Logitech (LOGI), given its gloomy near-term prospects amid declining demand for computer peripherals, supply-chain issues and currency fluctuations.
Healthy demand for the latest video games could point to better sales at Logitech during the holidays.
NORTHAMPTON, MA / ACCESSWIRE / November 10, 2022 / Logitech Logitech recently launched The Future Positive Challenge, a technology and engineering challenge for disruptors who have a desire to make a meaningful contribution to a positive future. ...
The tech industry is making progress but has a way to go to achieve gender equality. In 2019, only one in five (21%) people who earned computer science degrees were women. Investing in access to education, mentors and supportive communities could help close that gap. In research from Logitech 44% of women surveyed reported that programs dedicated to women help them keep going in their careers.
Virtual learning is booming. According to the 2022 EDUCAUSE Horizon Report, words like ‘remote work' are appearing more frequently in academic contracts and job descriptions. In fact, institutions that embrace flexible learning may actually attract and retain talent over fully on-campus institutions.
NORTHAMPTON, MA / ACCESSWIRE / November 3, 2022 / Logitech All players deserve a platform to shine. That's why Logitech is proud to partner with AbleGamers Charity, Adaptive Action Sports, and Mt. Sinai for the Logitech G Adaptive Esports Tournaments. ...
NORTHAMPTON, MA / ACCESSWIRE / November 1, 2022 / Logitech Logitech's 14th annual Impact Report shares the latest progress toward its goal of Designing a Positive Future, one that defies the logic of the past to create a more equitable and climate ...
NORTHAMPTON, MA / ACCESSWIRE / October 28, 2022 / Logitech Like-minded organizations Logitech, Andela, and Zoetis have formed The Coalition for Gender Fair Procurement to advance gender equity by leveraging the untapped power of trillions of dollars ...
Shares of Logitech International (NASDAQ: LOGI) were up 12% as of 12:13 p.m. ET on Tuesday after the company reported earnings results for the fiscal second quarter ending Sept. 30. The leading brand of gaming peripherals continued to suffer through a challenging economic backdrop. Logitech reported mixed results across product categories, with growth in video collaboration offset by big declines in sales of webcams and other accessories.
The decline in Logitech's (LOGI) fiscal Q2 top line reflects a tough year-over-year comparison, while elevated component and logistics costs hurt the bottom line.
Logitech International stock surged to the top of the European tech sector on Tuesday after the computer peripherals maker reported better-than-expected profit during its latest quarter and stuck to its full-year guidance. Investors had braced themselves for big drops in sales and profit during the three months to the end of September, as Logitech battled tough comparisons, a strong dollar and fragile consumer confidence. "Logitech's adjusted operating result was above expectations thanks to sales slightly above expectations and strong operating cost reductions," said Andreas Mueller, an analyst at Zuercher Kantonalbank.
The declining demand for PCs is likely to have hurt Logitech's (LOGI) peripheral sales in the second quarter of fiscal 2023.
Logitech (LOGI) makes three of its keyboard cases: Combo Touch, Slim Folio, Rugged Folio, and Crayon digital pencil available for the new 10th generation iPad.
Logitech, LG Display, Stratasys and Vuzix have been highlighted in this Industry Outlook article.
The Zacks Computer-Peripheral Equipment industry is suffering from weakening IT spending amid global slowdown concerns. Yet, LOGI, LPL, SSYS and VUZI stocks are worth a watch now due to their end-market strength.