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Logitech (LOGI) Launches the MeetUp 2 Conference Camera
zacks.com· 2024-05-22 15:30
Logitech SA (LOGI) recently unveiled the MeetUp 2, the second in its series of AI-powered USB conference cameras, following the introduction of the first-generation MeetUp in 2017. The MeetUp 2, which is specifically designed to serve on-the-go and PC-based setups in huddle and small meeting rooms, is expected to see positive feedback from the market like its predecessor. The device features RightSight 2, which enables the camera to automatically focus on the active speaker. Moreover, the technology cancels ...
Logitech: Initiate Buy Rating On Growth And Margin Expansion Tailwinds
seekingalpha.com· 2024-05-18 07:43
Investment Summary - Logitech (NASDAQ: LOGI) is recommended as a buy due to strong growth potential, with expectations of growth returning to low teens driven by a large addressable market [1] - Anticipated margin expansion is expected from improved inventory management, lower product costs, and operating leverage as growth recovers [1] Business Overview - Logitech designs, manufactures, and markets computer peripherals, reporting in four main segments: Creativity & Productivity (CNP), Video Collaboration (VC), Gaming, and Headset & Others [2] - CNP is the largest segment with FY24 sales of $2.14 billion, followed by Gaming at $1.23 billion, VC at $609 million, and Headset & Others at $314 million [2] - Revenue exposure is approximately 42% in the Americas, 29% in APAC, and 29% in EMEA, with a competitive advantage stemming from a long operating history and a large database of user data [2] 4Q24 Results Update - In 4Q24, Logitech reported total revenue of $1.01 billion, adjusted gross profit of $441 million, adjusted EBIT of $159 million, adjusted net income of $154 million, and adjusted EPS of $0.99, exceeding consensus expectations [3] - Segment performance included CNP growth of 11% to $519 million, VC decline of 17% to $148 million, Gaming growth of 14% to $273 million, and a 27% decline in Headset and Others [3] Positive Outlook for Revenue Growth - Logitech is expected to continue growing its topline, driven by recovery in VC demand, growth in the Gaming segment, and increasing AI demand [4] Video Collaboration Segment - Despite a reported 17% y/y decline in VC, organic growth of 2% indicates a potential turnaround in demand [5] - The VC market remains underpenetrated, presenting significant growth opportunities, especially with more people working from home [5] Gaming Segment - The PC gaming segment showed positive demand trends with organic revenue growth of 8%, driven by strong performance in the simulation category [6] - The gaming peripherals market is projected to grow by 10%, with Logitech expected to grow at least at the same rate [6] AI Demand - Increasing demand for AI is anticipated to benefit Logitech, with potential enhancements in productivity through AI-specific features in products [7] - An AI-driven PC refresh cycle could lead to strong incremental demand for Logitech's peripherals [7] Gross Margin Expansion - Logitech achieved an adjusted gross margin of 43.6% in 4Q24, a 130 basis points increase sequentially, positioning the company closer to its long-term target range of 39%-44% [8] - Management expects FY25 adjusted gross margin to be around 41%, supported by reduced product costs and improved inventory management [8] Valuation - Revenue projections show a decline from $5.48 billion in 2022 to $4.30 billion in 2024, with a recovery expected in subsequent years [10] - The target price for Logitech is estimated at $101.68, indicating a 14% upside from the current price of $89.23 [10] Conclusion - Logitech is positioned for growth and margin expansion, particularly in the VC and Gaming segments, supported by management's focus on cost control and inventory management [13]
Logitech(LOGI) - 2024 Q4 - Annual Report
2024-05-16 20:42
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 0-29174 LOGITECH INTERNATIONAL S.A. (Exact name of registrant as specified in its charter) Canton of Vaud, Switzerland None (State or ...
Logitech (LOGI) Crossed Above the 50-Day Moving Average: What That Means for Investors
Zacks Investment Research· 2024-05-14 14:30
Core Viewpoint - Logitech (LOGI) is showing signs of a potential bullish trend, making it an attractive option for investors from a technical perspective [1][2]. Technical Analysis - LOGI has recently broken through the 50-day moving average, indicating a short-term bullish trend [1]. - The 50-day simple moving average is a key indicator used by traders to identify support and resistance levels [1]. Performance Metrics - Over the last four weeks, LOGI has moved 6.3% higher, suggesting positive momentum [2]. - The company currently holds a Zacks Rank 3 (Hold), indicating a neutral outlook [2]. Earnings Estimates - There have been positive revisions in LOGI's earnings estimates, with no estimates decreasing in the past two months and four estimates increasing [2]. - The consensus estimate for LOGI has also seen an upward adjustment, reinforcing the bullish sentiment [2][3]. Investment Consideration - Given the positive technical indicators and earnings estimate revisions, LOGI may present further investment opportunities in the near future [3].
3 Computer Peripheral Stocks in Focus Amid Industry Challenges
Zacks Investment Research· 2024-05-14 14:11
Industry Overview - The Zacks Computer-Peripheral Equipment industry is facing macroeconomic challenges such as inflation and high interest rates, leading to sluggish IT spending and reduced demand for computer peripherals [1][6] - The decline in demand for remote working and online learning peripherals post-pandemic is also impacting the industry [1] - The industry includes companies that provide a range of products such as keyboards, mice, LCD panels, and gaming accessories, with a competitive landscape driving innovation [3] Trends and Opportunities - A shift in consumer preference towards professional gaming and the rise of e-sports is expected to drive growth in gaming peripherals [4] - The 3D printing market presents long-term investment opportunities as various professionals adopt 3D solutions for design and modeling [4] - Increased government spending on modernizing radar and electronic warfare systems is a positive factor for certain companies in the industry [2] Financial Performance - The Zacks Computer-Peripheral Equipment industry has underperformed the S&P 500 and the broader technology sector, with a decline of 16.1% over the past year compared to gains of 26.5% and 39.8% for the S&P 500 and technology sector, respectively [13] - The industry's current valuation is low, trading at a trailing 12-month P/S ratio of 0.14X compared to the S&P 500's 3.99X and the technology sector's 5.34X [15] Company Highlights - **Logitech International (LOGI)**: Recently reported its first year-over-year sales growth after a downturn, driven by hybrid work trends and partnerships with cloud providers [17][18] - **Mercury Systems (MRCY)**: Focuses on defense and aerospace markets, benefiting from modernization efforts but facing a wider loss estimate for fiscal 2024 [21][23] - **TransAct Technologies (TACT)**: Specializes in transaction-based printers and is experiencing demand growth amid digital transformation, though it has seen a significant stock decline [25][27]
Logitech to Participate in Upcoming Investor Conference
Businesswire· 2024-05-09 21:04
LAUSANNE, Switzerland & SAN JOSE, Calif.--(BUSINESS WIRE)--Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that Company leaders plan to participate at the following investor conference: 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference in Boston on Tuesday, May 21, 2024, 9:30 a.m. EDT A link to the webcast will be available on the Logitech corporate website at http://ir.logitech.com. Webcast replays will be archived and will remain available for one year. About ...
Logitech to Participate in Upcoming Investor Conference
Business Wire· 2024-05-09 21:04
LAUSANNE, Switzerland & SAN JOSE, Calif.--(BUSINESS WIRE)--Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that Company leaders plan to participate at the following investor conference:52nd Annual J.P. Morgan Global Technology, Media and Communications Conference in Boston on Tuesday, May 21, 2024, 9:30 a.m. EDTA link to the webcast will be available on the Logitech corporate website at http://ir.logitech.com. Webcast replays will be archived and will remain available for one year.About Lo ...
Does Logitech's EPS Beat Signal the Rebound of Video Gaming?
MarketBeat· 2024-05-08 11:17
Key PointsLogitech reported a Q1 2024 EPS beat by 34 cents and a revenue beat by $53 million.Its video gaming segment saw revenues rise 7% YoY to $273.5 million in Q1.The elastic office trend is a growth driver for the company’s webcam and collaboration business.5 stocks we like better than Logitech InternationalComputer gaming and accessories manufacturer Logitech International S.A. NASDAQ: LOGI saw strength in its video gaming segment in Q1 2024. The computer and technology sector company has narrowed its ...
Logitech's (LOGI) Q4 Earnings and Revenues Crush Estimates
Zacks Investment Research· 2024-04-30 14:00
Logitech International S.A. (LOGI) ended fiscal 2024 on a strong note by reporting better-than-expected results in the fourth quarter. The computer peripheral and software maker’s fiscal fourth-quarter non-GAAP earnings of 99 cents per share beat the Zacks Consensus Estimate of 63 cents per share and registered a year-over-year increase of 98%. The company’s fourth-quarter bottom-line results mainly benefited from increased revenues, and lower product and logistics costs.Logitech’s fiscal fourth-quarter rev ...
PC Peripherals Maker Logitech Returns To Growth With March-Quarter Beat
Logitech (LOGI), a maker of peripherals for personal computers and mobile devices, late Monday beat expectations for its fiscal fourth quarter. But it guided below views for sales in the current fiscal year. Logitech stock could use some good news as it is down 16% year to date.X The gadget maker earned an adjusted 99 cents a share on sales of $1.01 billion in the quarter ended March 31. Analysts polled by FactSet had expected earnings of 67 cents a share on sales of $960 million. On a year-over-year basis, ...