Logitech Int'l SA downgraded by BofA Securities with a new price target
$LOGI
Computer peripheral equipment
Technology
BofA Securities downgraded Logitech Int'l SA from Buy to Neutral and set a new price target of $92.00 from $114.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/23/2025 | $92.00 | Underweight → Equal-Weight | Morgan Stanley |
| 1/21/2025 | $93.00 → $99.00 | Neutral | Analyst |
| 12/16/2024 | $114.00 → $92.00 | Buy → Neutral | BofA Securities |
| 11/20/2024 | Sell → Neutral | UBS | |
| 5/1/2024 | $92.00 → $85.00 | Overweight → Neutral | JP Morgan |
| 4/16/2024 | Hold → Sell | Deutsche Bank | |
| 4/15/2024 | $85.00 → $75.00 | Equal-Weight → Underweight | Morgan Stanley |
| 7/5/2023 | $70.00 | Overweight | JP Morgan |
Gaming Sales Near Pandemic-High Levels; Company Raises FY 2025 Outlook SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR — Logitech International (SIX: LOGN) (NASDAQ:LOGI) today announced financial results for the third quarter of Fiscal Year 2025. Sales were $1.34 billion, up 7 percent in US dollars and 6 percent in constant currency compared to Q3 of the prior year. GAAP gross margin was 42.9 percent, up 90 basis points compared to Q3 of the prior year. Non-GAAP gross margin was 43.2 percent, up 90 basis points compared to Q3 of the prior year. GAAP operating income was $235 million, up 6 percent compared to Q3 of the prior year. Non-GAAP operating income was $266
Logitech International (SIX: LOGN) (NASDAQ:LOGI) today announced that it expects to release third quarter fiscal year 2025 financial results on Tuesday, January 28, 2025 at 1:00 p.m. Pacific Standard Time (PST) and 10:00 p.m. Central European Time (CET). There will be a videoconference to discuss these results at 1:30 p.m. PST and 10:30 p.m. CET on the same day. A livestream of the event will be available on the Logitech corporate website at http://ir.logitech.com. About Logitech Logitech designs software-enabled hardware solutions that help businesses thrive and bring people together when working, creating, gaming and streaming. As the point of connection between people and the dig
Logitech International (SIX: LOGN) (NASDAQ:LOGI) today announced that the Company will hold an Analyst & Investor Day (AID) on March 5, 2025 at 12:00 p.m. Pacific Standard Time and 9:00 p.m. Central European Time, in person and by videoconference. At the event, Company executives will present their vision of the Company's mission to extend human potential in work and play, its long-term strategy and industry-leading innovation. A question and answer session (Q&A) will follow. The event will also include product experiences and a networking reception. A livestream and replay of the presentation and Q&A will be available on the Logitech corporate website at http://ir.logitech.com. About
Logitech G's Flagship Event Features an Unprecedented Lineup of New Product Announcements, Partnerships, and More Logitech G, a brand of Logitech (SIX: LOGN) (NASDAQ:LOGI) and leading innovator of gaming technologies and gear, invites gamers, partners, and industry professionals worldwide to join Logi PLAY 2024, scheduled for September 17, 2024. Registration is now open for this online and offline event featuring new product reveals, partnership announcements, and exciting community activations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240814239724/en/ Logi PLAY 2024 marks Logitech G's biggest celebration of gaming, with
SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR — Logitech International (SIX: LOGN) (NASDAQ:LOGI) today announced that Matteo Anversa will join the Company as chief financial officer (CFO) and member of Logitech's Group Management Team, effective September 1, 2024, reporting to chief executive officer (CEO) Hanneke Faber. "I'm delighted to welcome Matteo to Logitech's leadership team," said Hanneke Faber, Logitech CEO. "As a seasoned public company CFO with a background in engineering and industrial technology, Matteo brings skills and experiences well suited to Logitech. His diverse B2B experience will also be a strong addition to the team as we accelerate our focus on ser
Company Nominates New Directors to Board Chairperson Informs Board of 2025 Transition Plan Logitech International (SIX: LOGN) (NASDAQ:LOGI) today announced that its board of directors will ask shareholders to elect new board members: Donald Allan, president and chief executive officer of Stanley Black & Decker, Inc. Owen Mahoney, former president, chief executive officer and representative director of Nexon Co., Ltd. Shareholders will also be asked to elect to the board Hanneke Faber, chief executive officer of Logitech. The elections will take place at Logitech's annual general meeting (AGM) in Lausanne, Switzerland on September 4, 2024. Additionally, Patrick Aebischer will le
SC 13G - LOGITECH INTERNATIONAL S.A. (0001032975) (Subject)
Morgan Stanley upgraded Logitech Int'l SA from Underweight to Equal-Weight and set a new price target of $92.00
Analyst reiterated coverage of Logitech Int'l SA with a rating of Neutral and set a new price target of $99.00 from $93.00 previously
BofA Securities downgraded Logitech Int'l SA from Buy to Neutral and set a new price target of $92.00 from $114.00 previously
4 - LOGITECH INTERNATIONAL S.A. (0001032975) (Issuer)
4 - LOGITECH INTERNATIONAL S.A. (0001032975) (Issuer)
10-Q - LOGITECH INTERNATIONAL S.A. (0001032975) (Filer)
8-K - LOGITECH INTERNATIONAL S.A. (0001032975) (Filer)
10-Q - LOGITECH INTERNATIONAL S.A. (0001032975) (Filer)
SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR — Logitech International (SIX: LOGN) (NASDAQ:LOGI) today announced that on January 29, 2025, it filed with the U.S. Securities and Exchange Commission (SEC) its Quarterly Report on Form 10-Q for the third quarter of Fiscal Year 2025. The filing is available on the SEC's website at www.sec.gov and Logitech's website at http://ir.logitech.com. About Logitech Logitech designs software-enabled hardware solutions that help businesses thrive and bring people together when working, creating and gaming. As the point of connection between people and the digital world, our mission is to extend human potential in work and play, in a way
Gaming Sales Near Pandemic-High Levels; Company Raises FY 2025 Outlook SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR — Logitech International (SIX: LOGN) (NASDAQ:LOGI) today announced financial results for the third quarter of Fiscal Year 2025. Sales were $1.34 billion, up 7 percent in US dollars and 6 percent in constant currency compared to Q3 of the prior year. GAAP gross margin was 42.9 percent, up 90 basis points compared to Q3 of the prior year. Non-GAAP gross margin was 43.2 percent, up 90 basis points compared to Q3 of the prior year. GAAP operating income was $235 million, up 6 percent compared to Q3 of the prior year. Non-GAAP operating income was $266
Global expansion of iFixit partnership encourages repair over replacement Logitech International (SIX: LOGN) (NASDAQ:LOGI) announces the availability of original equipment manufacturer (OEM) replacement parts for more than 20 Logitech devices on the Logitech Repair Hub, hosted by iFixit. This action marks a significant global expansion, with spare parts and repair guides now offered in multiple languages to enhance repairability worldwide. A range of Logitech and Logitech G mice, keyboards, and headsets are supported by iFixit across 62 countries, including the United States, Canada, Australia, Japan, and Europe. "Our products are designed for exceptional quality and longevity. Repairab
4 - LOGITECH INTERNATIONAL S.A. (0001032975) (Issuer)
4 - LOGITECH INTERNATIONAL S.A. (0001032975) (Issuer)
4 - LOGITECH INTERNATIONAL S.A. (0001032975) (Issuer)