Logitech Raises 2025 Outlook, Now Expects Sales Of $4.34B-$4.43B (Prior $4.3B-$4.4B) Vs. $4.369B Consensus And Non-GAAP Operating Income Of $700M-$730M (Prior $685M-$715M)

7/23/24 12:11:08 AM ET

$LOGI

Computer peripheral equipment

Technology

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Outlook

Logitech raised its full-year outlook for Fiscal Year 2025:

	Previous FY25 outlook	New FY25 outlook
Sales	$4.3 - $4.4 billion	$4.34 - $4.43 billion
Sales growth (in US dollars, year over year)	0% - 2%	1% - 3%
Non-GAAP operating income	$685 - $715 million	$700 - $730 million
Non-GAAP op. inc. growth / (decline) (year over year)	(2)% - 2%	0% - 4%

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Recent Analyst Ratings for
$LOGI

Date	Price Target	Rating	Analyst
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
6/14/2023	$73.00 → $70.00	Buy → Neutral	Citigroup
5/3/2023		Neutral → Sell	UBS
5/1/2023	$40.00 → $56.00	Underweight → Equal-Weight	Morgan Stanley

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$LOGI
Financials

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Logitech Announces Q2 Fiscal Year 2025 Results
Company Delivers 6% Sales Growth and Strong Profitability; 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 second quarter of Fiscal Year 2025. Sales were $1.12 billion, up 6 percent in US dollars and 6 percent in constant currency compared to Q2 of the prior year. GAAP gross margin was 43.6 percent, up 210 basis points compared to Q2 of the prior year. Non-GAAP gross margin was 44.1 percent, up 210 basis points compared to Q2 of the prior year. GAAP operating income was $161 million, up 3 percent compared to Q2 of the prior year. Non-GAAP operating income
10/21/24 9:01:00 PM ET
$LOGI
Computer peripheral equipment
Technology
Logitech Announces Date for Release of Second Quarter Results for Fiscal Year 2025
Logitech International (SIX: LOGN) (NASDAQ:LOGI) today announced that it expects to release second quarter fiscal year 2025 financial results on Monday, October 21, 2024 at 6:00 p.m. Pacific Daylight Time and Tuesday, October 22, 2024 at 3:00 a.m. Central European Summer Time. There will be a videoconference to discuss these results on Tuesday, October 22, 2024 at 5:30 a.m. Pacific Daylight Time and 2:30 p.m. Central European Summer Time. 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, ga
10/1/24 4:05:00 PM ET
$LOGI
Computer peripheral equipment
Technology
Logitech Shareholders Approve All Proposals, Including Increased Dividend, At Annual General Meeting
Logitech International (SIX: LOGN) (NASDAQ:LOGI) today announced that during its annual general meeting (AGM) the Company's shareholders approved a Fiscal Year 2024 dividend of approximately CHF 1.16 per share — an increase of approximately CHF 0.10 compared to the previous year's dividend. Additionally, at the meeting, Logitech's shareholders re-elected Logitech's chairperson, Wendy Becker, with 86 percent approval. All new and incumbent nominees standing for election each also received strong majority approval. All other company proposals at the AGM were also approved. "Today, we were pleased to gather once again with our shareholders," said Wendy Becker, Logitech's chairperson of the
9/4/24 11:36:00 AM ET
$LOGI
Computer peripheral equipment
Technology

$LOGI
Press Releases

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Ending the Quest for a Place to Meet: Logitech Launches New Smart Office Tools
Auto Book and Auto Release ease room reservation hassles; Logitech View interactive office makes wayfinding intuitive Logitech (SIX: LOGN) (NASDAQ:LOGI), today released a suite of Sync smart office tools to improve the workplace experience for employees and strengthen analytics for business IT teams. Auto Book and Auto Release features automatically reserve and cancel room bookings based on workplace behavior, and Logitech View interactive digital office maps make navigation through large office complexes intuitive. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241112053346/en/Logitech Auto Book and Auto Release automatically
11/12/24 3:01:00 AM ET
$LOGI
Computer peripheral equipment
Technology
Logitech Expands Availability of Refurbished Devices, Offering High-Quality, Affordable Tech for Work and Play
Logitech Certified Refurbished devices officially debut on eBay Refurbished brand store Logitech International (SIX: LOGN) (NASDAQ:LOGI) announces the expanded availability of refurbished devices. A full range of products for work and play, including mice, keyboards, tablet accessories, Logitech G gaming gear and Bluetooth speakers, are now available on the Logitech eBay Refurbished brand store in the US and Logitech websites across North America and Europe. Refurbished products are increasingly popular, with consumers looking for alternatives to buying new. High-quality refurbished devices not only reduce electronic waste, but also provide an opportunity for people to access premium tech
11/11/24 3:01:00 AM ET
$LOGI
Computer peripheral equipment
Technology
SolarEdge Announces Changes to the Board of Directors
Avery More Elected as Chairman of the Board Guy Gecht Appointed as Member of the Board, replacing Tal Payne SolarEdge Technologies, Inc. (NASDAQ:SEDG), a global leader in smart energy technology, today announced that the Board of Directors (the "Board") has elected Avery More as Chairman of the Board of Directors, replacing Nadav Zafrir, who will remain on the Board. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241106921681/en/Guy Gecht (Photo: Business Wire) Also today, the Board appointed Guy Gecht as a member of its Board of Directors, effective immediately. He will serve on the Board's Audit Committee and qualifies as Aud
11/6/24 4:04:00 PM ET
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$LOGI
Leadership Updates

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Logi PLAY Returns on September 17th, 2024 - A Global Celebration of Gaming Innovation, Community, and Play
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
8/14/24 12:45:00 PM ET
$LOGI
Computer peripheral equipment
Technology
Matteo Anversa to Join Logitech as Chief Financial Officer
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
8/6/24 4:05:00 PM ET
$LOGI
Computer peripheral equipment
Technology
Logitech Proposes Board Member Changes
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
7/1/24 4:05:00 PM ET
$LOGI
Computer peripheral equipment
Technology

Logitech Raises 2025 Outlook, Now Expects Sales Of $4.34B-$4.43B (Prior $4.3B-$4.4B) Vs. $4.369B Consensus And Non-GAAP Operating Income Of $700M-$730M (Prior $685M-$715M)

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Recent Analyst Ratings for $LOGI

$LOGI Financials

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Logitech Announces Q2 Fiscal Year 2025 Results

Logitech Announces Date for Release of Second Quarter Results for Fiscal Year 2025

Logitech​ ​Shareholders​ ​Approve​ ​All Proposals,​ ​Including​ ​Increased Dividend,​ At ​Annual​ ​General​ ​Meeting

$LOGI Analyst Ratings

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Logitech Int'l SA upgraded by UBS

Logitech Int'l SA downgraded by JP Morgan with a new price target

Logitech Int'l SA downgraded by Deutsche Bank

$LOGI Press Releases

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Ending the Quest for a Place to Meet: Logitech Launches New Smart Office Tools

Logitech Expands Availability of Refurbished Devices, Offering High-Quality, Affordable Tech for Work and Play

SolarEdge Announces Changes to the Board of Directors

$LOGI Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Gecht Guy bought $202,800 worth of Registered Shares (2,500 units at $81.12), increasing direct ownership by 16% to 18,503 units (SEC Form 4)

Chief Financial Officer Anversa Matteo was granted 10,833 units of Registered Shares (SEC Form 4)

Director Zahnd Sascha covered exercise/tax liability with 181 units of Registered Shares, decreasing direct ownership by 2% to 9,667 units (SEC Form 4)

$LOGI Market Insights

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Barclays Maintains Overweight on Logitech International, Raises Price Target to $105

Logitech CEO Says Company Now On Way To Sustainable Growth; Optimistic On B2B Market Recovery; CFO Search Progressing Well With News Expected Soon; No Big Change In Direction After Chair Departure; AI-Enabled Products To Enhance Device Appeal And Pricing

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$LOGI SEC Filings

SEC Form 10-Q filed by Logitech International S.A.

Logitech International S.A. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Logitech International S.A. filed SEC Form 8-K: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits

$LOGI Leadership Updates

Live Leadership Updates

Logi PLAY Returns on September 17th, 2024 - A Global Celebration of Gaming Innovation, Community, and Play

Matteo Anversa to Join Logitech as Chief Financial Officer

Logitech Proposes Board Member Changes

$LOGI Large Ownership Changes

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SEC Form SC 13G filed by Logitech International S.A.

$LOGI Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Gecht Guy bought $202,800 worth of Registered Shares (2,500 units at $81.12), increasing direct ownership by 16% to 18,503 units (SEC Form 4)

Boynton Charles D bought $99,560 worth of Registered Shares (1,225 units at $81.27) (SEC Form 4)

Recent Analyst Ratings for
$LOGI

$LOGI
Financials

Logitech Shareholders Approve All Proposals, Including Increased Dividend, At Annual General Meeting

$LOGI
Analyst Ratings

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Press Releases

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Insider Trading

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SEC Filings

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Leadership Updates

$LOGI
Large Ownership Changes

$LOGI
Insider Purchases