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Logitech International S.A. (LOGI)

- NASDAQ
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  • Mar. 1, 2013, 12:19 PM
    Troubled Logitech (LOGI +0.4%) announces a fresh restructuring. 140 jobs are being cut, and the company hopes to achieve $16M-$18M in FY14 (ends March '14) savings. Logitech, whose PC and home electronics accessory sales are plunging (iPad keyboards/covers are its one saving grace), announced 450 job cuts last June.
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  • Jan. 24, 2013, 9:19 AM
    Logitech (LOGI) -9.1% after badly missing FQ3 estimates. In response, the company plans to divest its Harmony universal remote and surveillance camera businesses, as well as discontinue other products such as speaker docks and console peripherals. FQ3 retail sales -14% Y/Y (-20% in EMEA) and OEM sales -23%. PC audio -19%, PC gaming -20%, remotes -24%. Tablet accessories +119% thanks to the Ultrathin Keyboard Cover. (slides) (prepared remarks) ($211M write-down)
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  • Jan. 24, 2013, 9:10 AM
    Premarket gainers: NFLX +39%. SWFT +15%. ERJ +11%. NEWL +9%.
    Losers: MLNX -19%. NOK -10%. ESI -10%. AAPL -10%. LOGI -9%. KMT -7%. URRE -6%. CRUS -6%. ALTR -5%. FIO -5%. VRNG -5% . OPK -5% .
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  • Jan. 23, 2013, 11:08 PM
    Logitech International (LOGI) FQ3 EPS of $0.10 misses by $0.21. Revenue of $614.5M (-14% Y/Y) misses by $53M. (PR)
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  • Jan. 23, 2013, 10:48 AM
    Logitech (LOGI +6.5%) says it will take a $211M write-down for its videoconferencing business, which has made $440M worth of acquisitions in recent years. Logitech notes the enterprise videoconferencing market "has experienced a slowdown in recent quarters" - Polycom and Cisco can vouch for that. Not mentioned are the competitive threats posed by cloud-based and network-based solutions. Shares are nonetheless up strongly; was a bigger write-down expected?
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  • Jan. 23, 2013, 12:05 AM
    Notable earnings after Wednesday’s close: AAPL, ALTR, AMGN, BKW, CBST, CCI, FBC, FFIV, HXL, INVN, JEC, LOGI, LRCX, LSI, MIPS, MLNX, NE, NFLX, PLCM, SWFT, SNDK, SYK, SYMC, TER, URI, VAR, WDC
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  • Jan. 22, 2013, 5:35 PM
    Notable earnings after Wednesday’s close: AAPL, ALTR, AMGN, BKW, CBST, CCI, FBC, FFIV, HXL, INVN, JEC, LOGI, LRCX, LSI, MIPS, MLNX, NE, NFLX, PLCM, SWFT, SNDK, SYK, SYMC, TER, URI, VAR, WDC
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  • Jan. 15, 2013, 10:09 AM
    A day after rallying thanks to a Goldman upgrade, Logitech (LOGI -4.2%) is selling off following a downgrade to Underperform from Credit Suisse. Weak PC and home electronics peripherals sales continue to make life tough for Logitech, which just saw a CEO change.
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  • Jan. 2, 2013, 5:13 PM
    Logitech (LOGI) president Bracken Darrell has taken over as CEO as part of a planned transition. Darrell, who joined Logitech in April after running Whirlpool's EMEA ops, steps in for chairman Guerrino De Luca, who has been acting CEO since July '11. The PC/electronics peripherals maker he now runs faces a long list of industry and company-specific challenges.
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  • Nov. 20, 2012, 3:24 PM
    Logitech (LOGI -2.6%) is near 10-year lows again after H-P reported an awful quarter for its PC division, and Reuters took a close look at the peripherals maker's challenges. In addition to poor PC demand, Logitech has been hurt by a weak reception for audio products (headphones, Wi-Fi speakers, etc.) meant to exploit the mobile device boom, and has to deal with efforts from OEMs to sell their own accessories. Going forward, a lack of gesture/voice recognition solutions could present a challenge.
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  • Oct. 26, 2012, 9:10 AM
    Premarket gainers: EXPE +16%. PPC +11%. ACI +10%. GALE +6%. JRCC +6%. LOGI +6%.
    Losers: CBRX -28%. CTCT -22%. DECK -19%. VRSN -17%. IMOS -15%. SPF -6%. ERIC -5%. CSTR -5%.
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  • Oct. 25, 2012, 12:45 PM
    Midday top 10 gainers: PSSI +33%. PRLB +20%. CHTP +20%. NYMX +17%. TEN +16%. SPRT +15%. DDD +15%. OSTK +14%. VRS +13%. LOGM +13%.
    Top 10 Losers: SPR -31%. BBW -25%. DEXO -23%. PACR -20%. CROX -19%. TBI -17%. LOGI -16%. DFT -15%. NYT -14%. SQNS -13%.
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  • Oct. 25, 2012, 10:16 AM
    Logitech (LOGI -10.5%) becomes the latest PC-centric name to fall after a weak earnings report. In addition to missing FQ2 estimates, the company warned its fiscal 2H sales and operating income will be down Y/Y. FQ2 OEM sales fell 27% Y/Y (weaker keyboard/mouse sales), echoing Microsoft's huge Windows sales drop, while retail sales fell 5%. Audio sales -14%, Video -17%, Harmony remote sales -14%, with units falling 31%. Gross margin was up 500 bps Q/Q and 210 bps Y/Y. (prepared remarks, slides - PDF)
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  • Oct. 25, 2012, 9:10 AM
    Premarket gainers: PSSI +32%. ZNGA +15%. DDD +9%. AKAM +9%. SYMC +8%.
    Losers: SPR -21%. CROX -13%. FFIV -12%. LOGI -8%. FIO -7%. WRLD -7%. CLF -6%. CAB -6%. TQNT -5%.
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  • Oct. 25, 2012, 12:55 AM
    Logitech (LOGI): FQ2 EPS of -$0.35 misses by $0.44. Revenue of $547.7M (-7% Y/Y) misses by $23.7M. (PR)
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  • Oct. 24, 2012, 12:10 AM
    Notable earnings after Wednesday’s close: AB, ACOM, AEM, AKAM, AMP, CCI, CDNS, CLF, CMO, CROX, CTXS, EGHT, ENTR, EQR, FFIV, FIO, IDCC, INFN, KBR, LOGI, LSI, OI, ORLY, RRC, RYL, SGMO, SIMO, SPN, SRCL, SYMC, SYNC, TAL, TER, TEX, TLAB, TQNT, TRN, TSCO, TWI, WLL, WYNN, XNPT, ZNGA
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Company Description
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.
Sector: Technology
Country: Switzerland