LOGI - Logitech International S.A.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
43.46
+0.21 (+0.49%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close43.25
Open43.50
Bid43.64 x 800
Ask43.71 x 900
Day's Range43.35 - 43.59
52 Week Range29.06 - 43.90
Volume62,700
Avg. Volume154,089
Market Cap7.3B
Beta (3Y Monthly)1.11
PE Ratio (TTM)26.99
EPS (TTM)1.61
Earnings DateN/A
Forward Dividend & Yield0.74 (1.71%)
Ex-Dividend Date2019-09-18
1y Target Est48.20
  • Logitech Commits to Ambitious 1.5°C Climate Pledge and 100% Renewable Electricity Goal
    Business Wire

    Logitech Commits to Ambitious 1.5°C Climate Pledge and 100% Renewable Electricity Goal

    Logitech International (LOGN.VX) (LOGI), an award-winning design company and maker of cloud peripheral products, is extending its commitment to future generations by setting ambitious sustainability goals for its products, packaging, and operations. Today, Logitech unveils its support of the Paris Agreement, pledging to limit its carbon footprint to support the ambitious 1.5°C goal and for the Company to be powered exclusively by renewable electricity by 2030. Tweet now: Logitech commits to being part of global efforts to co-create a more sustainable world with 1.5°C climate pledge and 100% renewable electricity goal.

  • Seeing into the C-Suite: Honorees talk inspiration, motivation
    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.

  • Why Is Logitech (LOGI) Up 6.9% Since Last Earnings Report?
    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.

  • Logitech G Adaptive Gaming Kit Creates New Possibilities for Gamers with Accessibility Needs
    Business Wire

    Logitech G Adaptive Gaming Kit Creates New Possibilities for Gamers with Accessibility Needs

    Logitech G, a brand of Logitech (LOGN.VX) (LOGI) and leading innovator of gaming technologies and gear, today introduced the Logitech G Adaptive Gaming Kit, a collection of buttons and triggers designed for gamers with accessibility needs. Compatible with the Xbox Adaptive Controller (XAC), the Logitech G Adaptive Gaming Kit lets gamers play the way that’s most suitable for them by providing a set of controls that are easily configured to a wide variety of use cases.

  • Isaac “VP Isaac21” Gillissen Wins Logitech G Challenge Grand Finals in Las Vegas
    Business Wire

    Isaac “VP Isaac21” Gillissen Wins Logitech G Challenge Grand Finals in Las Vegas

    Secures a Slot in the McLaren Shadow Finals and a Chance to Join their Racing Team and the McLaren DNA driver development programme

  • Logitech Stock Needs to Find a New Catalyst
    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.

  • How big companies like PayPal cash in on success of Epic Games' 'Fortnite'
    American City Business Journals

    How big companies like PayPal cash in on success of Epic Games' 'Fortnite'

    “Fortnite” isn’t just making money for its developer, Cary-based Epic Games. “Clearly 'Fortnite' has been a strong performer,” says Hasbro CEO Brian Goldner on a call with analysts Oct. 22. Hasbro’s NERF brand, for example, has either grown or gained share every month since March “in part through the strength of our ‘Fortnite’ line, where we are delivering more innovation this holiday.” That’s as the category was actually down through August, he said.

  • Zacks

    S&P Reaches Two New Records in Three Days

    S&P; Reaches Two New Records in Three Days

  • ASTRO Gaming Introduces ASTRO.ID - Power Harnessed, Creativity Unleashed
    Business Wire

    ASTRO Gaming Introduces ASTRO.ID - Power Harnessed, Creativity Unleashed

    ASTRO.ID Allows Gamers to Customize their Headset by Offering a Unique and Highly Personalized A40 TR Headset featuring over 45,000 Color Combinations

  • Business Wire

     Logitech Files Quarterly Report on Form 10-Q

    Logitech International today announced that on October 24, 2019, it filed with the U.S. Securities and Exchange Commission its Quarterly Report on Form 10-Q for the second quarter of Fiscal Year 2020.

  • Logitech (LOGI) Q2 Earnings Top Estimates, Revenues Lag
    Zacks

    Logitech (LOGI) Q2 Earnings Top Estimates, Revenues Lag

    Logitech (LOGI) fiscal second-quarter results benefit from solid performance of Video Collaboration unit. However, macroeconomic uncertainties are headwinds.

  • Logitech posts 4.5% rise in quarterly operating income, retains outlook
    Reuters

    Logitech posts 4.5% rise in quarterly operating income, retains outlook

    GAAP operating income increased to $68.1 million in the three months to the end of September from 65.1 million a year earlier, the company said in a statement. Non-GAAP operating income rose to $89 million from $85 million a year earlier. Sales rose 4% to $720 million, boosted by the performance of fast keyboards, mice and headsets that Logitech makes for players of online games like Fortnite and League of Legends.

  • Reuters

    Logitech end-Sept operating income rises 4.5% y/y

    Swiss computer accessory maker Logitech International SA reported a 4.5% increase in operating income for its latest quarter, the computer keyboard and gaming accessories maker said on Tuesday. Non-GAAP operating income increased to $89 million in the three months to the end of September, from $85 million a year earlier, the Swiss-U.S. company said. Sales rose 4% to $720 million, boosted by the performance of fast keyboards, mice and headsets that Logitech makes for players of online games like Fortnite and League of Legends.

  • Business Wire

    Logitech Delivers Solid Second Quarter Growth and Profitability

    Company Confirms Annual Guidance

  • The Logitech G Challenge eRacing Grand Finals Headed to Las Vegas to Crown World Champion
    Business Wire

    The Logitech G Challenge eRacing Grand Finals Headed to Las Vegas to Crown World Champion

    Logitech G, a brand of Logitech (LOGN.VX) (LOGI) and leading innovator of gaming technologies and gear, announced today that the Logitech G Challenge Grand Finals, which will determine the global esports racing champion, will be held on November 16, 2019 in Las Vegas, Nevada. With over 11,000 drivers racing through a mix of online qualifiers and in-person wildcard competitions, eight winners of the four regional competitions in Europe, Asia, Latin America, and the United States, will earn their chance to compete against the best of the best in the 2019 Grand Final of McLaren Shadow Project Season 2, with a spot on the McLaren Shadow esports team on the line. “Logitech G has more than 20 years of passion, dedication and commitment to eracing under it's belt and this year we are upping the ante,” stated Vincent Borel, general manager of gaming simulation at Logitech G. “We’ve found the best racers from around the world and are bringing them to Vegas to get behind the wheel of a virtual race car and compete for the ultimate prize, the opportunity to become a professional simracer.

  • Logitech (LOGI) to Post Q2 Earnings: What's in the Offing?
    Zacks

    Logitech (LOGI) to Post Q2 Earnings: What's in the Offing?

    Logitech's (LOGI) second-quarter fiscal 2020 results are likely to have benefited from growth in video conferencing business. However, higher tariffs are expected to have kept margins under pressure.

  • Is Logitech International SA (LOGI) A Good Stock To Buy?
    Insider Monkey

    Is Logitech International SA (LOGI) A Good Stock To Buy?

    After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of June 28. The results of that effort will be put on display in this article, as […]

  • Logitech (LOGI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    Logitech (LOGI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    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.

  • Logitech (LOGI) Ups Efforts to Strengthen Gaming Portfolio
    Zacks

    Logitech (LOGI) Ups Efforts to Strengthen Gaming Portfolio

    In an attempt to boost its foothold in the gaming market, Logitech (LOGI) bolsters its product portfolio with the launch of a new keyboard designed for gamers.

  • Business Wire

    Logitech Announces Date for Release of Second Quarter Fiscal 2020 Results

    Logitech International today announced that it expects to release quarterly financial results on Monday, October 21, 2019 at 9:00 p.m. Eastern Daylight Time and Tuesday, October 22, 2019 at 3:00 a.m.

  • Logitech G Introduces PRO X Mechanical Gaming Keyboard With New Swappable Switches for the Ultimate in Personalization
    Business Wire

    Logitech G Introduces PRO X Mechanical Gaming Keyboard With New Swappable Switches for the Ultimate in Personalization

    Logitech G, a brand of Logitech (LOGN.VX) (LOGI) and leading innovator of gaming technologies and gear, today unveiled the Logitech® G PRO X Mechanical Gaming Keyboard. Designed to the exacting standards of the world’s top esports professionals, the PRO X gaming keyboard is built to provide esports professionals and competitive gamers with competition-grade reliability and features designed to enhance gaming without getting in the way. “Gamers, especially pros, have different preferences when it comes to keyboard switches,” said Ujesh Desai, vice president and general manager, Logitech Gaming.

  • Logitech Snaps Up Streamlabs, Pushes Into Game Broadcasting
    Zacks

    Logitech Snaps Up Streamlabs, Pushes Into Game Broadcasting

    Logitech's (LOGI) acquisition of Streamlabs is expected to expand its gaming offerings by adding live game streaming to its portfolio.