- 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.