Apr. 22, 2014, 5:35 PM
- AAPL, AHL, AIZ, ALGN, ALGT, ANGI, ASGN, AVB, AWH, BRKL, CAKE, CBI, CCI, CHDN, CLB, CLW, CSGP, CTXS, EFX, ELY, ETFC, FB, FFIV, FIO, FLS, FNB, FOE, FR, FTNT, GGG, GHL, GRT, HAWK, IM, INFN, KALU, KFN, LOGI, LPLA, LRCX, MKSI, NEU, NOW, NXPI, OII, ORLY, PEI, PLCM, QCOM, QDEL, RE, RHI, RJF, RMD, SCI, SFG, SLG, SPNC, SUSQ, SWY, SXC, SYA, SYK, TAL, TCBI, TER, TILE, TQNT, TSCO, TXN, TYL, USTR, VAR, XLNX, ZNGA
Mar. 6, 2014, 10:02 AM
- Ahead of its analyst/investor day (webcast), Logitech (LOGI +4.8%) is guiding for FY14 (ends in March) revenue of $2.1B and op. income of $125M, and FY15 revenue of $2.16B and op.income of $145M. Long-term, Logitech is aiming for a 10% op. margin.
- The peripherals maker previously guided for FY14 revenue of "just under" $2.1B and op. income of $120M-$125M. FY14 and FY15 revenue consensus estimates respectively stand at $2.1B and $2.17B.
- Logitech is also launching a $250M buyback program, good for repurchasing 9% of shares at current levels.
- Shares are making new 52-week highs. They soared in January following a big FQ3 beat fueled by soaring iPad keyboard cover and wireless speaker sales.
- Analyst/investor day webcast and presentations
Mar. 6, 2014, 9:15 AM
- Gainers: PXLW +38%. BORN +30%. SGMO +17%. ERII +14%. BSPM +14%. ORAN +10%. BSDM +9%. GEVO +9%. LJPC +8%. ROX +8%. RIGL +8%. RGSE +8%. NEON +8%. PPHM +7%. NAVB +7%. FREE +6%. PSTI +6%. MVIS +5%. LOGI +5%. GRO +5%.
- Losers: LOV -20%. XGTI -13%. PLCE -12%. SPLS -11%. BLDP -8%. FCEL -6%. DANG -6%. MXWL -6%.
Jan. 24, 2014, 5:36 PM
- Taiwan's Apple Daily reports (translation) Foxconn has built at least 100 iPhone (AAPL -1.8%) prototypes featuring sapphire cover glass. The paper also reports two existing sapphire suppliers have recently made big equipment/tooling investments; Apple already uses sapphire in its iPhone home buttons and camera lens covers.
- The report comes two months after Apple announce a major sapphire production/supply deal with GT Advanced (GTAT +0.9%), one that naturally fueled speculation sapphire will be used as a cover glass in future iDevices.
- Corning (GLW -4.1%) investors have been on edge over Apple's moves, and their potential to drive broader mobile adoption of sapphire (thereby displacing Gorilla Glass).
- Separately, 9to5 Mac reports a new Apple TV set-top is set to arrive in 1H14, and iLounge reports a refreshed Apple TV will feature "proper game support." With iOS 7 supporting physical game controllers, Apple TV has already been expected by many to become a casual gaming console. Logitech (LOGI), which has already rolled out an iPhone game controller, wouldn't mind.
- Yesterday: Apple reportedly launching two larger iPhones in 2H14
Jan. 23, 2014, 1:58 PM
- Logitech (LOGI +21%) is at levels last seen in early 2011 after blowing away FQ3 estimates and upping its FY14 (ends March '14) guidance. The peripherals maker now expects FY14 revenue of $2.1B (above a $2.06B consensus) and op. income of $120M-$125M, up from prior guidance of $2B and $100M-$125M.
- Logitech's numbers highlight its success at lowering its dependence on slumping PC and home electronics peripherals markets. While the company's pointing device (mice), PC keyboard/desktop, video (webcams/videoconferencing), PC audio, and Harmony remote segments respectively saw sales declines of 8%, 2%, 9%, 12%, and 13%, sales to the audio wearables/wireless and tablet & other segments rose 79% and 95%. PC gaming was also an area of strength, rising 25%.
- Strong demand for Logitech's Ultrathin iPad keyboard covers continues to boost its tablet accessories sales, and surging shipments of UE Boom wireless speakers are lifting audio sales.
- Also helping Logitech's bottom line: Thanks to job cuts, opex fell 11% Y/Y to $160M, even as revenue rose 2%.
- SA contributor Ashraf Eassa highlighted Logitech's turnaround efforts and tablet/PC gaming opportunities in an August column.
- FQ3 slides, prepared remarks
Jan. 23, 2014, 12:47 PM
Jan. 23, 2014, 9:12 AM
Jan. 22, 2014, 11:03 PM
Jan. 22, 2014, 12:10 AM
Jan. 21, 2014, 5:35 PM
Jan. 14, 2014, 9:47 AM
- Intel (INTC +2.2%) has been upgraded to Overweight by JPMorgan ahead of Thursday's Q4 report.
- Facebook (FB +1.1%) and Yelp (YELP +1.7%) have been started at Outperform by FBN as part of an Internet sector coverage launch. Facebook reports on Jan. 29.
- Nokia (NOK -1.1%) has been cut to Underperform by Raymond James. Q4 results arrive on Jan. 23.
- Juniper (JNPR -0.6%) has been upgraded to Outperform by Oppenheimer a day after Elliott Management disclosed a 6.2% stake and called for big changes.
- SAP (SAP -0.7%) has been cut to Underweight by Santander four days after releasing preliminary Q4 results. Pac Crest downgraded shares yesterday, albeit to little effect.
- Brocade (BRCD +2.5%) and VeriFone (PAY +4%) have been upgraded to Overweight by JPMorgan.
- Jabil (JBL +5.1%) has been upgraded to Conviction Buy by Goldman. Shares cratered last month after the company provided disappointing guidance.
- ON Semi (ONNN +2.2%) has been upgraded to Outperform by Credit Suisse.
- Logitech (LOGI +2.8%) has been upgraded to Buy by Goldman.
- ChannelAdvisor (ECOM -5.5%) and Demandware (DWRE -2.1%) have been cut to Neutral by Goldman. Though offering different products/services, both companies cater to e-commerce firms.
- TripAdvisor (TRIP -2%) has been cut to Hold by Wunderlich.
- Mellanox (MLNX +3.5%) has been started at Outperform by Macquarie.
Nov. 20, 2013, 5:57 PM
- Logitech's (LOGI) anticipated iPhone game controller, known as the PowerShell, sells for $100 on Bestbuy.com and Apple's online store. (PR)
- As expected, the device wraps around an iPhone, giving it a PS Vita-like look. It contains a 1,500 mAh battery that can power the iPhone itself, and already supports a handful of titles, including MetalStorm Aces and Fast & Furious 6.
- With many mobile gamers accustomed to paying very little for games, and $200 or less for the iPhone itself (after factoring subsidies), the PowerShell's price could make it a tough sell. That, in turn, could affect the amount of support developers show for it.
Nov. 11, 2013, 10:18 AM
- Haptic IP developer Immersion (IMMR +2.7%) is trading higher after a Bloomberg report indicated Apple is thinking of integrating "sensors that can distinguish heavy or light touches on the screen" in iPhones launching after 2014. So is accessory/peripherals vendor Logitech (LOGI +2.3%), which has released plenty of game controllers and mice supporting haptic feedback over the years, is also rallying.
- Logitech is getting set to launch an iPhone game controller. Immersion struck a license deal with Samsung in March covering the use of basic haptic effects, and one in September with Xiaomi that covers advanced features such as custom haptic effects for various apps.
Oct. 24, 2013, 9:12 AM
Oct. 24, 2013, 5:40 AM
Oct. 23, 2013, 12:10 AM
- AEM, AIZ, AKAM, ALGT, ANGI, ASGN, AVB, BDN, CAKE, CDNS, CLGX, CMO, CMRE, CTXS, CVA, EFX, EGHT, EQIX, ESV, ETFC, EVR, FBHS, FFIV, FIO, FOE,FTNT, GGG, HRC, INFN, KFN, LOGI, LRCX, LSI, MLNX, NOW, NXPI, ORLY, PLCM, PLXS, QDEL, QTM, RE, SCI, SGMO, SKX, SLG, SRCL, STMP, SUSQ, SWFT, SYMC, T, TAL, TCBI, TER, TEX, TMK, TQNT, TRIP, TSCO, TYL, VAR, WLL, WRE
LOGI vs. ETF Alternatives
Logitech International SA together with its consolidated subsidiaries develops and markets hardware and software products that enables digital navigation, music and video entertainment, gaming and social networking.
Other News & PR