LOGI - Logitech International S.A.
| Previous Close | 42.78 |
| Open | 42.52 |
| Bid | 42.43 x 1200 |
| Ask | 42.44 x 800 |
| Day's Range | 42.20 - 42.63 |
| 52 Week Range | 35.70 - 48.83 |
| Volume | 99,825 |
| Avg. Volume | 166,760 |
| Market Cap | 7.072B |
| Beta (5Y Monthly) | 1.15 |
| PE Ratio (TTM) | 26.05 |
| EPS (TTM) | 1.63 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.74 (1.73%) |
| Ex-Dividend Date | Sep 17, 2019 |
| 1y Target Est | 54.20 |
- Business Wire
Logitech Introduces New Video Streaming Solution for Your Home Studio
Today, Logitech introduced Logitech® StreamCam, a new webcam designed with streamers and content creators in mind. StreamCam features 1080p/60 fps video, USB-C connectivity, and flexible mounting options. StreamCam is even more powerful when used with Logitech Capture. Capture unlocks features on StreamCam that automate exposure, framing, and stabilization, so creators can focus on making their best content.
- Business Wire
Logitech Wins 25 Design Awards From Leading Organizations
Logitech today announced that the company received 25 design award wins across five brands by the 2020 iF DESIGN™ Awards and 2019 GOOD DESIGN™ Awards.
- Zacks
IBM (IBM) Hits 52-Week High, Can the Run Continue?
IBM (IBM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- Business Wire
Logitech Expands Video Collaboration for the Personal Workspace with Zone Wired Headset
Today, Logitech announced it is expanding its video conferencing solutions for the entire work environment and enhancing the personal workspace with its upcoming Zone Wired headset. With this new headset, Logitech now has a complete modern portfolio of both wired and wireless headsets giving customers flexibility to choose the right solution for their preferences. Whether you’re in an open office or working remotely, Logitech Zone headsets make it even easier to focus and work from anywhere.
- InvestorPlace
3 Earnings Beats to Buy As Another Huge Week Approaches
It's finally here: earnings season.And while positioning through the event can lead to above-average and quicker returns, it can also be very risky business. That's especially relevant in today's "priced-for-perfection" market environment. So, to better guard against those risks, let's look at three recent earnings beats -- also backed by price action and charts -- that are worthy of stronger risk-adjusted positioning.Overall, the reality of how a stock reacts to earnings -- even an earnings beat -- is a crapshoot at best. When it comes to quarterly reports, one plus one often leads to an answer other than two. And if the market is always right, it simply doesn't matter if your calculator, spreadsheets and charts are telling you something different.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe bottom line, and more than ever, is that being selective and investing in stronger risk-adjusted situations matters. It's time to be patient and wait on companies that deliver the quarterly goods, enjoy investor support and only buy stocks with price charts that don't look like a bull on its last legs. * Invest in America's Most Trusted Brands With These 7 Stocks to Buy So, let's take a closer look. Earnings Beats to Buy: IBM (IBM) Click to Enlarge Source: Charts by TradingView IBM (NYSE:IBM) is the first of our earnings beats to buy. The blue-chip tech outfit didn't blast Street estimates, and sales were largely flat year-over-year. However, the company's high-value mix, productivity, improved gross margins and strong free cash flow still make it a name to consider.Additionally, there's other reasons to like IBM stock in today's market. The company delivered surprisingly strong numbers, which suggest a bullish mainframe cycle is just underway. There's also an above-the-market, and well-supported dividend payout of around 4.5% to consider with this earnings beat.Lastly, Wall Street was on board with the IBM's results. And technically, a very large and constructive double-bottom looks ready to clear angular resistance and the 62% retracement level after confirming an uptrend off 2019's bottom.Overall, this earnings beat is a buy on a modified breakout above $145. I'd suggest a stop-loss below $134, as that's sensible on the wallet and the price chart. On the upside, taking partial profits near $170 and pattern highs is an equally smart business decision. Logitech (LOGI) Click to Enlarge Source: Charts by TradingView Logitech (NASDAQ:LOGI) is our next earnings beat to buy. The Swiss-based computer hardware giant topped consensus views on the back of solid demand for the company's gaming gear, PC peripherals and video-conferencing products.The report showed LOGI stock is clearing tough 2018 comps tied to that year's Fortnite frenzy. What's more, sales of simulation gear are growing strongly for Logitech -- and its recent Streamlabs acquisition puts the company in the center of the increasingly popular live-streaming market.Investors have been hitting the buy button on their gaming consoles this week, and now it's time to join them. * Forget Lockheed Martin, Buy These 5 Smaller Defense Stocks Instead Technically, shares of this earnings beat have just cleared a corrective cup-shaped base to new all-time-highs. I'd set a price target of $60 based on a conservative measured move out of the pattern. And to ensure protection against larger potential losses, an exit below $46 would be a no-brainer. Netflix (NFLX) Click to Enlarge Source: Charts by TradingView Netflix (NASDAQ:NFLX) is the last of our earnings beats to buy, as the report wasn't without its flaws. Furthermore, disappointing guidance, slower-than-expected subscriber growth in Netflix's North American market and competition fears helped bears and profit-takers put together a decline of about 4% in the immediate aftermath. But, at the end of day -- literally and figuratively -- things are looking up for NFLX stock.The fact of the matter is the subscription video on demand (SVOD) giant surpassed earnings and sales forecasts in the face of new streaming platforms rolled out by Disney (NYSE:DIS) and Apple (NASDAQ:AAPL). Moreover, global gains are where NFLX stock's future growth lies. And the company continues to deliver, demonstrating its value-add proposition for its subscribers over the competition.Technically speaking, this earnings beat is also looking up. Aside from investors backing away from their initial impression of the report, NFLX stock has formed a solid-looking weekly hammer candlestick. With the pattern well-positioned to clear channel and 62% resistance within Netflix's larger W-base structure, a momentum entry looks increasingly attractive.For positioning in Netflix stock, I'd suggest buying on strength as shares breakout above $360. Look to take some risk off the table in-between $400-$425 for obvious reasons. And with the week coming to a close and investors showing their hand, a stop-loss below $334 looks like sufficient leeway off and on the price chart for this earnings beat.Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post 3 Earnings Beats to Buy As Another Huge Week Approaches appeared first on InvestorPlace.
- Business Wire
Logitech Files Quarterly Report on Form 10-Q
Logitech Files Quarterly Report on Form 10-Q
- TheStreet.com
Logitech Could Trade Higher but the Charts Don't Excite Me
In his second "Executive Decision" segment of Mad Money Tuesday evening, Jim Cramer also sat down with Bracken Darrell, president and CEO of Logitech International , the computer peripheral maker that just posted a 7-cents-a-share earnings beat with a 4% rise in revenues. Darrell said that despite currency and tariff pressures, Logitech was still able to see strong gross margins and continues to grow all three of its businesses. Video conferencing remains strong, he said.
- Zacks
Logitech (LOGI) Q3 Earnings & Revenues Top Estimates, Up Y/Y
Logitech's (LOGI) fiscal third-quarter results benefit from solid performance of Gaming, Video Collaboration and PC peripheral units.
- Business Wire
Logitech Delivers Record Sales and Profitability in Holiday Quarter
Logitech Delivers Record Sales and Profitability in Holiday Quarter
- Zacks
On MLK Day, a Busy Week Expected
Q4 earnings season, the World Economic Forum in Davos and President Trump's impeachment trial all get underway beginning tomorrow.
- Investor's Business Daily
Consumer Electronics Firms See Lucrative Niche In Content Creators
Similar to how Nike and Under Armour sell athletic gear to aspiring sports stars, consumer electronics firms are pitching premium video and audio gear to digital content creators.
- Zacks
Logitech (LOGI) to Post Q3 Earnings: What Lies in Store?
Logitech's (LOGI) third-quarter fiscal 2020 results are likely to reflect a healthy video collaboration business. However, higher tariffs are expected to have kept margins under pressure.
- Zacks
Logitech (LOGI) Reports Next Week: Wall Street Expects Earnings Growth
Logitech (LOGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Business Wire
Logitech Announces Date for Release of Third Quarter Fiscal 2020 Results
Logitech Announces Date for Release of Third Quarter Fiscal 2020 Results
- Business Wire
CES 2020 Innovation Awards Recognizes Three Logitech Products
Logitech announces that the Logitech G Adaptive Gaming Kit the Logitech MX Master 3, and Blue Yeti X were named CES 2020 Innovation Awards honorees.
- American City Business Journals
Seeing into the C-Suite: Honorees talk inspiration, motivation
As this year's class of C-Suite Award winners took the stage Thursday night to accept their awards from the Silicon Valley Business Journal, they spoke about what inspired them and the philosophies they brought to their organizations.
- American City Business Journals
Persistence and preparation: C-Suite honorees share their best advice and guiding principles in business
Our C-Suite Award honorees have reached their professional heights by showing up, doing the hard work and learning from past mistakes. Here are some words of wisdom they have to share.
- Zacks
Why Is Logitech (LOGI) Up 6.9% Since Last Earnings Report?
Logitech (LOGI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- InvestorPlace
Logitech Stock Needs to Find a New Catalyst
Not that long ago, electronics and accessories manufacturer Logitech (NASDAQ:LOGI) was a popular short target. As recently as early 2016, even with the LOGI stock price at a relatively modest $15 or so, over 15% of its shares outstanding were sold short. Logitech stock looked cheap on a fundamental basis, but bears bet against LOGI anyway.Source: Somphop Krittayaworagul / Shutterstock.com The short thesis made some sense. At the time, roughly half of Logitech's revenue came from computer keyboards and computer mice. Meanwhile, PC (personal computer) unit sales were declining as consumers adopted smartphones as well as tablets like Apple's (NASDAQ:AAPL) iPad.As PC unit sales fell, bears argued, so too would sales of Logitech's accessories for those computers. With roughly half of its revenue headed in the wrong direction, Logitech's earnings would drop, they argued. And even after excluding some unfavorable items, its earnings per share was below $1 in fiscal 2016. That indicated that the LOGI stock price easily could dip below $10.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat thesis didn't play out at all. The company's revenues from devices for PCs actually kept increasing. Its margins improved. Categories like Gaming and Video Collaboration helped drive its revenue growth. Not only did its profits fail to decline, but its earnings per share more than doubled between fiscal 2016 and fiscal 2019. Logitech stock at one point had tripled, as shorts scrambled to cover. Barely 1% of its shares outstanding now are sold short. * 10 Cheap Stocks to Buy Under $10 Since the beginning of 2018, however, the LOGI stock price has stalled out. One key reason for the weakness is that aspects of the old short case seem pertinent again. Logitech's growth still looks solid, but for LOGI stock to resume its upward climb, the company needs to launch new products. Logitech StockOne potential source of concern is that Logitech remains heavily reliant on PCs. In FY19, mice, keyboards, and PC webcams still drove a combined 43% of its sales.The combined revenue from those categories increased 6% in FY19. But they've grown less than 1% in the first half of fiscal 2020. Meanwhile, consumer demand for PCs remains "very weak", as research firm Gartner put it in July. The Microsoft (NASDAQ:MSFT) Windows 10 refreshment cycle has boosted demand from businesses, but that tailwind, too, may fade.To be fair, currency fluctuations may have negatively impacted this year's revenue: for Logitech as a whole, revenue growth excluding currency fluctuations in the first half was over two percentage points higher than the reported total. And Logitech CEO Bracken Darrell has repeatedly noted that the driver of Logitech's PC accessories demand isn't unit sales, but rather unit usage.After all, part of the weakness of PC sales is due to the fact that PCs are lasting longer, while new desktops no longer offer the same improvements they did a decade ago. That's a benefit for Logitech, not a problem. Consumers who use computers longer and more often will buy Logitech's accessories to replace old equipment and/or improve their experience.Still, the growth of the company's revenue from products for PCs is decelerating meaningfully even excluding currency fluctuations. And if 43% of the company's revenue is growing minimally or not at all, that's a significant negative factor for LOGI stock. What Will boot LOGI Stock?With Logitech stock trading at a still-reasonable valuation, flattish revenue from the PC categories isn't a death knell. It's not even a good reason to consider shorting LOGI stock at this point.But now the rest of the company's business is showing some weakness as well. Most notably, Logitech's Gaming products had been a huge source of growth: their sales more than tripled between fiscal 2015 and 2019. In 2019, however, their revenue is flat.That's partly because of a difficult comparison. Last year's release of the free Fortnite game by Epic Games shook up the video game industry -- and led to a surge in sales of gaming headsets like those manufactured by Logitech's Astro Gaming unit. The top line of Astro rival Turtle Beach (NASDAQ:HEAR) should drop about 17% this year, even with some help from an acquisition.Going forward, the growth of LOGI's Gaming unit is likely to decelerate from the torrid rates posted in years past. And that leaves the company reliant on a category like Video Collaboration, which is roughly 10% of its trailing 12-month sales, for growth.So far, Logitech has managed to find ways to drive growth despite flattish end markets. But the obvious worry is that it won't be able to continue to do so forever. Unless Gaming resumes growing meaningfully again in FY21, going forward its sales are not going to increase at the same, high-single-digit percentage rate seen in the past few years. And that might be a problem for LOGI stock. Margins and the LOGI Stock PriceLogitech stock at this point seems like a revenue story. Its gross margins have improved, but they already are above the company's previous target of 35%-37%. As CFO Nate Olmstead noted on the company's Q2 earnings conference call, Logitech plans to reinvest additional profits that come from higher gross margins in marketing and research and development. As a result, LOGI expects its operating margins, excluding currency fluctuations, to be roughly flat in FY20.A key reason why the LOGI stock price tripled is that Logitech has been a company that has been running on all cylinders. Its CEO has done a fantastic job over that stretch. But the counterintuitive problem with a company operating at peak efficiency is that there's little room for improvement going forward. Logitech provided operating margin guidance this year of about 13%. I'm skeptical about the company's ability to surpass that guidance.And so what can increase the company's earnings per share? Logitech does have a cash hoard of over $500 million and no debt, so it could make a bigger acquisition after years of buying smaller firms like Astro and software play Streamlabs. But M&A aside, it does seem like its margins have peaked and its revenue growth is at risk of decelerating.Admittedly, the LOGI stock price incorporates that to some extent. Excluding the company's cash, LOGI stock trades for about 18x FY20 consensus EPS estimates. But if annual earnings growth slows to 5% or so, that multiple is reasonable. And if Logitech stumbles at all, or its PC revenues finally start declining, the stock can get cheaper in a hurry. Logitech Needs Something That Will Excite InvestorsNone of this means that LOGI stock is worth shorting. Again, its growth has been impressive, and it's usually a bad idea to bet against well-run companies.But Logitech stock has traded sideways for some 20 months now. Resistance has held of late at the current LOGI stock price. To drive a breakout, Logitech simply needs to get investors excited -- and it's tough to see how the company can do that.A resurgence of its Gaming unit could help, though I'd rather own Turtle Beach stock if that scenario unfolds. (I personally have taken a bullish position in Turtle Beach using sold puts.) LOGI's Video Collaboration unit can grow through a partnership with Zoom Video Communications (NASDAQ:ZM), though with ZM stock down 37% from its highs it, too, might be a more attractive and more direct play than LOGI stock.Regardless, those two categories only drove about one-third of Logitech's sales in the first half of the fiscal year. The other two-thirds of the business -- PC and tablet accessories, speakers, and audio equipment -- pretty much "is what it is" at this point. And what it is is a low-growth, if attractive, portfolio.That might be enough to cause LOGI stock to rise. But it's probably not enough to enable LOGI stock to outperform. To get the P/E multiple back above 20 and the stock back above $50, Logitech needs to show it can return to at least double-digit-percentage profit growth. The problem at the moment is that's it difficult to see how the company can do that.As of this writing, Vince Martin has a bullish position in HEAR stock via options. He has no positions in any other securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * These 10 Stocks to Buy Make the Perfect 'Retirement' Portfolio * 5 Streaming Stocks to Buy for Huge Upside Over the Next Decade The post Logitech Stock Needs to Find a New Catalyst appeared first on InvestorPlace.
