Core Insights - Logitech G has launched the G515 LIGHTSPEED TKL Wireless Gaming Keyboard, featuring a low-profile design that enhances typing comfort without the need for wrist support [1] - The consumer electronic accessories market is projected to grow at a CAGR of 5.68% from 2021 to 2032, indicating a favorable environment for Logitech's expansion in this sector [2] - Logitech has certified its peripherals to work seamlessly with major industry players like Microsoft and Intel, enhancing its product compatibility and market presence [3] Product Innovation and Market Position - Logitech is a leading player in the Gaming Accessories Market, continuously innovating and expanding its product lines to maintain market leadership [5] - The company has introduced various products for the office electronic accessories market, including the Casa Pop-Up Desk and a dedicated lineup for Apple's Mac ecosystem [7][11] - Logitech's innovative product lineup includes features like sound-dampening foam, pre-lubricated switches, and LIGHTSPEED Wireless Pairing technology, enhancing user experience [13] Financial Performance and Market Recovery - Logitech's fiscal 2025 earnings estimate has been revised upward from $4.07 to $4.28, reflecting positive growth expectations [4] - The company's share price has shown resilience, gaining 3.1% year-to-date, contrasting with a 22.4% decline in the broader Zacks Computer - Peripheral Equipment industry [6] - Logitech is on a recovery path from the post-pandemic downturn, supported by a rebound in the personal computers market [12] Strategic Partnerships and Investment Potential - Logitech holds a Zacks Rank 1 (Strong Buy) and a Growth Score of B, indicating solid investment opportunities based on its growth potential [9] - The company's strategic partnerships and ability to adapt to market dynamics position it as a compelling investment option in the tech peripherals space [16]

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. As such, the Zacks rating upgrade for Logitech is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. For Logitech, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in ...

Considering healthy fundamentals, along with an impressive earnings growth potential, the stock appears to be a solid investment option at the moment. Additionally, recovery in PC sales will provide further growth momentum to Logitech as PCs are the main sales booster for computer peripheral products. According to the latest data released by International Data Corporation, the worldwide traditional PC market returned to growth in the first quarter of 2024 following two years of a decline. The research firm ...

Core Viewpoint - Alps Electric (APELY) is currently rated as a Strong Buy (1) by Zacks, while Logitech (LOGI) holds a Hold (3) rating, indicating a more favorable outlook for APELY in terms of earnings estimates and value investment potential [1][3]. Valuation Metrics - APELY has a forward P/E ratio of 21.72, which is lower than LOGI's forward P/E of 23.63, suggesting APELY may be undervalued compared to LOGI [2]. - The PEG ratio for APELY is 0.55, indicating a better valuation relative to its expected earnings growth compared to LOGI's PEG ratio of 2.81, which suggests higher growth expectations but also higher valuation [2]. - APELY's P/B ratio stands at 0.65, significantly lower than LOGI's P/B of 7.16, further indicating that APELY may be undervalued based on its book value [9]. Investment Appeal - APELY's Value grade is rated A, while LOGI's Value grade is rated D, highlighting APELY's stronger position as a value investment opportunity [6]. - The Zacks Rank and Style Scores models favor APELY over LOGI, suggesting that value investors may find APELY to be the better option currently [3][4].

A month has gone by since the last earnings report for Logitech (LOGI) . Shares have added about 21.7% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Logitech due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Logitech's Q4 Earnings and Revenues Crush Estimates Logit ...

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 ...

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]

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 ...

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].

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]