83.93 0.00 (0.00%)
After hours: 4:24PM EDT
|Bid||75.05 x 1000|
|Ask||86.04 x 900|
|Day's Range||83.64 - 84.55|
|52 Week Range||62.02 - 86.63|
|Beta (5Y Monthly)||0.89|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.30 (1.57%)|
|Ex-Dividend Date||Nov 11, 2019|
|1y Target Est||N/A|
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
As uncertainty over how long the virus lingers, it could mean a fundamental change in how companies and entrepreneurs conduct business — including industries that have been reluctant to make the technological leap, such as telehealth, banking and financial services, and education.
LogMeIn Inc. provided new usage statistics Thursday as the COVID-19 outbreak prompts more people to work from home and access remote tools. The company disclosed that use of remote-access tools including LogMeIn Pro and GoToMyPC rose as much as 300% in the past week while the company's unified-communications platform GoToConnect witnessed a 93% boost in voice calls with growth up nearly 20% day over day. Usage of LogMeIn's video-conference and meetings tools is up as much as 10 times from earlier 2020 levels, before the big spike in remote work that was brought on by COVID-19, a spokesperson said. LogMeIn shares have held up better than the overall market in the past month, falling about 4% compared with a 17% drop for the S&P 500 .
In recent months, the Boston-based maker of GoToMeeting has seen a number of executive departures as well as layoffs.
As remote work takes shape more as a necessity for employers rather than an occasional perk for employees, local companies that sell remote work tools are experiencing sales increases as high as 40 percent.
Here we focus on a host of video conferencing software providers that are expected to benefit from the growing preference for online meets due to the coronavirus outbreak.
After a streak of layoffs at prominent public tech companies, another local firm has reduced its workforce. This time, the company making cuts is private, valued over $1 billion and raised $200 million in funding just last month.
The abundance of job postings in Boston's tech industry doesn’t necessarily mean that jobs in tech are easy to score. Competition is harsh for jobs beyond an ever-growing sector such as software engineering, and employers want to see leadership qualities even in applicants for entry-level positions.
Two months after agreeing to be acquired by a private equity firm, LogMeIn Inc. is cutting approximately 300 workers, including 64 people in its Boston headquarters.
LogMeIn's (LOGM) fourth-quarter results reflect solid growth in the Identity and Access Management segment and strong international revenues.
LogMein (LOGM) 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.
2018's fourth quarter was a rough one for investors and many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing the […]
LogMeIn, Inc. (LOGM) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
Private equity’s deep pockets will continue to provide cash-rich exits for local tech companies in 2020, as they did in six-figure deals such as Acquia and LogMeIn, experts say.
LogMeIn announced this morning that it has agreed to be sold for $4.3 billion to affiliates of Francisco Partners and Evergreen Coast Capital Corporation, the private equity affiliate of Elliott Management Corporation. The purchase price represents a 25% premium on the closing share price on September 18th, which the company reports was the day media reports began to leak that the company was up for sale. Bill Wagner, president and CEO at LogMeIn said in a statement that the price reflects the high value of the company and will give stockholders a meaningful return.
Enterprise software company LogMeIn Inc. is the latest company gobbled up by private equity in a $4.3 billion exit that reflects the growing interest of cash-rich PE firms in New England companies.
The producer of software that enables remote connectivity is being taken private by a group including Francisco Partners and the PE affiliate of Elliott Management.