Seeking Alpha

LogMeIn -6.3% on Off Wall Street report

  • Independent research firm Off Wall Street has launched coverage on LogMeIn (LOGM) with a Sell and $30 PT.
  • The firm argues LogMeIn's core market (remote PC access software) is saturated, and that user growth is stagnant following last year's price hikes.
  • Piper is defending LogMeIn, asserting its core business and new products are healthy.
  • LogMeIn, for its part, has responded to OWS with a blog post. The company states (among other things) it's gaining IT management software customers, and that its BoldChat and join.me products are performing well.
From other sites
Comments (2)
  • Don Dion
    , contributor
    Comments (3091) | Send Message
     
    Interesting how Piper which was one of their underwriters has already defended this company which continues to lose money. Also, the insiders having been bailing big time. See-http://seekingalpha.co...
    9 Jul 2014, 12:53 PM Reply Like
  • mikeee00
    , contributor
    Comments (4) | Send Message
     
    Got an alert about LOGM stock skyrocketing to an all time high of $51.50 and wondering what is going on here?? Thought the analyst "Off Wall Street" said the stock was going down to $30 with stagnant revenue/earnings but instead the company is beating estimates on earnings and revenue. Any new guidance on this company / stock?
    12 Nov 2014, 04:36 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs