Logitech (LOGI) Tops Q4 EPS by 31c
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JPMorgan Downgrades Logitech International (LOGI) to Neutral
May 1, 2024 6:11 AM UTCJPMorgan analyst Samik Chatterjee downgraded Logitech International (NASDAQ: LOGI) from Overweight to Neutral with a price target of $85.00 (from $92.00).
The analyst comments "We are downgrading shares of Logitech, even as the quarter showed continued signs of robust execution, as we believe the rebound of the product portfolio to healthy growth in the medium term will remain constrained by a challenging macro and efforts to drive growth will likely need to return to robust promotional levels. Logitechs execution in recent quarters in relation to driving the balance of both revenue and gross margin has... More
Logitech (LOGI) stock surges as gross margin expansion drives Q4 beat
April 30, 2024 6:11 AM UTCLogitech (NASDAQ: LOGI) stock jumped more than 7% in European trading Tuesday after the computer parts maker reported Q4 earnings and revenue that beat consensus estimates.
The company posted earnings per share (EPS) of $0.99, exceeding analyst expectations of $0.68. Revenue for the quarter reached $1.01 billion,... More
