Logitech International S.A., through its subsidiaries, designs, manufactures, and markets products that helps people connect to digital and cloud experiences worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices. It also provides keyboards, mice, headsets, and simulation products, such as steering wheels and flight sticks for gamers; video conferencing products, and controllers for video conferencing room solutions; portable wireless Bluetooth and Wi-Fi connected speakers, PC speakers, PC headsets, microphones, in-ear headphones, and wireless audio wearables; home entertainment controllers for smart home devices comprising lighting, thermostats and door locks, and home security cameras. The company sells its products through a network of distributors, retailers, and e-tailers under the Logitech, Logitech G, ASTRO Gaming, Streamlabs, Blue Microphones, Ultimate Ears, and Jaybird brands. Its channel network includes consumer electronics distributors, retailers, mass merchandisers, specialty stores, computer and telecommunications stores, value-added resellers, and online merchants. The company was founded in 1981 and is headquartered in Lausanne, Switzerland.
IPO Year: 1997
Exchange: NASDAQ
Website: logitech.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 3/13/2023 | Outperform → Neutral | Credit Suisse | |
| 2/22/2023 | Buy → Neutral | UBS | |
| 2/21/2023 | Buy → Neutral | UBS |
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JP Morgan downgraded Logitech Int'l SA from Overweight to Neutral and set a new price target of $85.00 from $92.00 previously
Deutsche Bank downgraded Logitech Int'l SA from Hold to Sell
Morgan Stanley downgraded Logitech Int'l SA from Equal-Weight to Underweight and set a new price target of $75.00 from $85.00 previously
JP Morgan resumed coverage of Logitech Int'l SA with a rating of Overweight and set a new price target of $70.00
Citigroup downgraded Logitech Int'l SA from Buy to Neutral and set a new price target of $70.00 from $73.00 previously
UBS downgraded Logitech Int'l SA from Neutral to Sell
Morgan Stanley upgraded Logitech Int'l SA from Underweight to Equal-Weight and set a new price target of $56.00 from $40.00 previously
Credit Suisse downgraded Logitech Int'l SA from Outperform to Neutral
UBS downgraded Logitech Int'l SA from Buy to Neutral
UBS downgraded Logitech Int'l SA from Buy to Neutral
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
AI-driven tabletop camera recognized for impact on keeping collaboration strong Logitech (SIX: LOGN) (NASDAQ:LOGI) today announced Logitech Sight, the company's tabletop camera with intelligent multiparticipant framing, has made TIME's list of Best Inventions of 2024. Since its release, Sight has changed the complexion of hybrid meetings by bringing a new level of human connection and meaningful engagement to workplaces everywhere. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241031654096/en/Logitech Sight, the AI-driven tabletop camera with intelligent multi-participant framing, is on the list of TIME Best Inventions of 2024.
Logitech International (SIX: LOGN) (NASDAQ:LOGI) today announced that Company leaders plan to participate at the following investor conference: Morgan Stanley European Technology, Media and Communications Conference in Barcelona, Spain on Thursday, November 21, 2024, 2:00 p.m. CET 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 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
SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR — Logitech International (SIX: LOGN) (NASDAQ:LOGI) today announced that on October 24, 2024, it filed with the U.S. Securities and Exchange Commission (SEC) its Quarterly Report on Form 10-Q for the second 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
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
A Novel Keyboard that Brings Style, Smooth typing, Customization and Fun to the Workspaces For Modern Professionals Logitech (SIX: LOGN) (NASDAQ:LOGI) announced the launch of POP Icon Keys, an innovative, eye-catching new keyboard designed to express yourself and boost productivity. POP Icon Keys personalizes the workspace with its bold design and features that marry style with unparalleled functionality. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241008582628/en/Introducing POP Icon Keys and POP Icon Combo, bringing comfort, customization and color to the workspaces of modern professionals (Photo: Business Wire) "At Logitec
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
This new tool offers intuitive, creative, and versatile mixed reality experiences Logitech (SIX: LOGN) (NASDAQ:LOGI) announced the availability of MX Ink, the first Mixed Reality (MR) stylus specifically designed for Meta Quest. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240923510764/en/Logitech announced the availability of MX Ink, the first Mixed Reality (MR) stylus specifically designed for Meta Quest (Photo: Business Wire) A precision tool with a familiar pen-like feel, MX Ink allows users to navigate, annotate and create freely across 2D spaces like papers, desks, or whiteboards, as well as immersive 3D environments. Th
Logitech (SIX: LOGN) (NASDAQ:LOGI) announced the launch of MX Creative Console, a new product category that allows digital creators to focus on their artistry. With instant access to essential controls and ultimate customization, the MX Creative Console streamlines workflows and automates repetitive tasks. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240924795909/en/Introducing the MX Creative Console, redefining digital creation by providing instant access to essential controls and ultimate customization for creative professionals (Photo: Business Wire) "Digital creativity is undergoing a massive transformation, constantly evo
Logitech G's Flagship Event, Held in 16 Locations Around the World, Highlights New Designs and Innovations for PRO Gamers, SIM Racers, Keyboard Enthusiasts, Console Gamers, and Introduces Exciting New Partnerships Logitech G, a brand of Logitech (SIX: LOGN) (NASDAQ:LOGI) and a leading innovator in gaming technology and gear, took the gaming community to new heights with Logi PLAY 2024. Reflecting the company's KEEP PLAYING ethos, this year's event unveiled an impressive lineup of 18 innovative products and revealed new partnerships, showcasing a thrilling evolution in gaming. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240917
Barclays analyst Tim Long maintains Logitech International (NASDAQ:LOGI) with a Overweight and raises the price target from $98 to $105.
- Reuters
With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) to report quarterly earnings at $1.85 per share on revenue of $84.20 billion after the closing bell. Alphabet shares rose 0.1% to $181.93 in after-hours trading. Analysts expect Tesla Inc. (NASDAQ:TSLA) to post quarterly earnings at 62 cents per share on revenue of $24.73 billion. The company will release earnings after the markets close. Tesla shares rose 0.04% to $251.60 in after-hours trading. Logitech International S.A. (NASDAQ:LOGI) reported better-than-expected results for its first
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%
Logitech International (NASDAQ:LOGI) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $0.86 by 31.4 percent. This is a 73.85 percent increase over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $1.088 billion which beat the analyst consensus estimate of $1.035 billion by 5.14 percent. This is a 11.65 percent increase over sales of $974.500 million the same period last year.
Logitech 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. Additionally, Patrick Aebischer will leave the board when his current term ends this fall, due to the Company's limits on board service.
Wendy Becker, Logitech's board chairperson, also informed the board of her decision not to stand for reelection at next year's 2025 AGM. Becker was first elected as chairperson in 2019 and her tenure spans Logitech's biggest years of growth. A board committee, chaired by board member Chris Jones, will focus on recommending a successor over the course of the coming year as part of a planned leadership transition.
Today, Logitech G, a brand of Logitech (SIX: LOGN) (NASDAQ:LOGI) and leading innovator of gaming technologies and gear, announced the G515 LIGHTSPEED TKL Wireless Gaming Keyboard, a keyboard that offers advanced technologies and high-performance features in a low-profile, modern design. Logitech G announces the G515 LIGHTSPEED TKL Wireless Gaming Keyboard, a keyboard that offers advanced technologies and high-performance features in a low-profile, modern design. (Photo: Business Wire) Low-profile keyboards provide a cleaner, more aesthetically pleasing look and deliver a high-performance typing experience. The G515 enables a more efficient and comfortable typing experience by combining low
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
Room booking, Remote UI Access, and usage insights boost IT efficiency in complex workspaces Today, Logitech (SIX: LOGN) (NASDAQ:LOGI) introduced powerful software tools for remote access, room booking, usage insights and automations to simplify space and device management through Logitech Sync. These capabilities take the burden off overwhelmed IT teams who need to ensure the right meeting spaces are available and functioning for employees at all times, while empowering IT pros to manage those spaces remotely and securely. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240521123095/en/Logitech's new room booking software on T
SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR — Logitech International (SIX: LOGN) (NASDAQ:LOGI) announced today that, following an extensive, global search, its board of directors has appointed Hanneke Faber as the Company's new chief executive officer. She will take on the role effective December 1, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231030313893/en/Hanneke Faber, CEO of Logitech (Photo: Business Wire) "We are delighted to welcome Hanneke as our new chief executive officer," said Wendy Becker, Logitech's chairperson of the board. "Hanneke is an exceptional business executive with proven leader
Tilly's, Inc. (NYSE:TLYS) today announced the appointment of Teresa L. Aragones and Erin M. Chin to its Board of Directors. Ms. Aragones has 25 years of digital and brand marketing experience. She is currently the Chief Marketing Officer at Discord, a leading youth-oriented online communication service. Prior to joining Discord, she served Visual Supply Company, a mobile photo app provider, as Chief Marketing Officer. Prior to that, she held Director-level marketing roles at Nike (NYSE:NKE) and Volkswagen, wherein she also helped develop co-branded lifestyle branding campaigns with companies such as Apple and XBOX. Ms. Chin also has extensive experience in lifestyle brand building and bra
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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
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
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
Logitech International (SIX: LOGN) (NASDAQ:LOGI) today announced that it expects to release first quarter Fiscal Year 2025 financial results on Monday, July 22, 2024 at 6:00 p.m. Pacific Daylight Time and Tuesday, July 23, 2024 at 3:00 a.m. Central European Summer Time. There will be a video conference to discuss these results on Tuesday, July 23, 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, gaming a
SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR — Logitech International (SIX: LOGN) (NASDAQ:LOGI) today announced that the Company's board of directors has approved a proposal for a Fiscal Year 2024 cash dividend, which, if approved by shareholders, would be an increase of approximately CHF 0.10 to CHF 1.16 per share. This proposed, increased cash dividend demonstrates Logitech's continued commitment to consistently return cash to shareholders. This proposal will be voted on by Logitech's shareholders at the Company's 2024 Annual General Meeting. About Logitech Logitech designs software-enabled hardware solutions that help businesses thrive and bring people together whe
Logitech Returns to Growth With Strong Fourth Quarter; Company Announces 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 fourth quarter and full Fiscal Year 2024 ended March 31, 2024. For Q4 Fiscal Year 2024: Sales were $1.01 billion, up 5 percent in US dollars and 5 percent in constant currency, compared to Q4 of the prior year. GAAP operating income was $130 million, up 235 percent, compared to Q4 of the prior year. Non-GAAP operating income was $159 million, up 93 percent, compared to Q4 of the prior year. GAAP earnings per share (EPS) was $1.07, up 312
Logitech International (SIX: LOGN) (NASDAQ:LOGI) today announced that it expects to release its fourth quarter and Fiscal Year 2024 financial results and Fiscal Year 2025 outlook on Monday, April 29, 2024 at 9:00 p.m. Eastern Daylight Time and Tuesday, April 30, 2024 at 3:00 a.m. Central European Summer Time. There will be a videoconference to discuss these results on Tuesday, April 30, 2024 at 8:30 a.m. Eastern Daylight Time and 2:30 p.m. Central European Summer Time. This will also be an opportunity to hear strategic insights from Logitech chief executive officer, Hanneke Faber, on her first 100 days. A livestream of the event will be available on the Logitech corporate website at htt
Company Raises FY 2024 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 2024. Sales were $1.26 billion, down 1 percent in US dollars and 3 percent in constant currency, compared to the prior year. GAAP operating income was $222 million, up 26 percent compared to the prior year. Non-GAAP operating income was $248 million, up 22 percent compared to the prior year. GAAP earnings per share (EPS) was $1.55, up 80 percent compared to the prior year. Non-GAAP EPS was $1.53, up 34 percent compared to the prior year. Cash flow from operations wa
Logitech International (SIX: LOGN) (NASDAQ:LOGI) today announced that it expects to release third quarter fiscal year 2024 financial results on Monday, January 22, 2024 at 9:00 p.m. Eastern Standard Time and Tuesday, January 23, 2023 at 3:00 a.m. Central European Time. There will be a videoconference to discuss these results on Tuesday, January 23, 2024 at 8:30 a.m. Eastern Standard Time and 2:30 p.m. Central European Time. A livestream of the event will be available on the Logitech corporate website at http://ir.logitech.com. About Logitech Logitech helps all people pursue their passions and is committed to doing so in a way that is good for people and the planet. We design hardware
Company Raises FY 2024 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 2024. Sales were $1.06 billion, down 8 percent in US dollars and 9 percent in constant currency, compared to the prior year. GAAP operating income was $157 million, up 23 percent compared to the prior year. Non-GAAP operating income was $183 million, up 17 percent compared to the prior year. In the quarter, the Company continued to reduce operating expenses, down 9 percent compared to the prior year, in line with the decline in net sales. GAAP earnings per share (EPS)