U.S. stock futures were lower this morning, with the Nasdaq futures falling around 100 points on Tuesday.
Logitech International raised its full-year outlook after a strong performance in the second quarter, the computer keyboard and mouse maker said on Tuesday.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Logitech (LOGI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Tech manufacturing stocks, like NVIDIA and Logitech, are poised for growth due to rising tech spending, AI advancements, and hybrid work trends. Moat-worthy products and upwardly revised financials seal it for us. Price undercutting and lower spend on promotional activities by LOGI have been identified by us as major risks.
LOGI introduces POP Icon Keys, blending modern style, customization and seamless functionality to enhance productivity for professionals.
Logitech is well-positioned to capture global growth in the PC accessories market, driven by the global gaming trend and especially strong APAC growth. Greater R&D spend and great profitability further cement Logitech's good market share. While the valuation has in part caught up with the industry's tailwinds, LOGI stock still has remaining upside.
At a P/E multiple of 19.52X, LOGI shows an appealing buying opportunity, given its strong financial performance, innovative product range and positive prospects.
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LOGI expands its portfolio with the Ultimate Ears MINIROLL portable Bluetooth speaker, offering its customers more choices.
The Switzerland-based tech equipment supplier held its annual general meeting. It declared a dividend raise, but this wasn't as substantial as in the past, in dollar terms.
Logitech International founder Daniel Borel on Wednesday failed in his attempt to oust Chairperson Wendy Becker, having accused her of failing to provide leadership at the maker of computer mice and keyboards.
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