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9 stories mentioning LOGIUpdated 8d ago

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Wire

Logitech's Strong Quarter Clouded by Supply-Chain Disruption, Wedbush Says

Logitech International's (LOGI) strong fiscal Q1 results were overshadowed by a supply-chain disruption that may erode market share, Wedbush Securities said Wednesday in a report.The company posted better-than-expected gross and operating margins on product innovation, cost reductions, targeted promotional activity, and supply-chain adjustments, Wedbush said. Video conferencing reaccelerated, while gaming and personal workspace segments gained market share on strong product lines, the report said.Logitech said a semiconductor component supplier faced a "serious incident" at a manufacturing facility, resulting in a temporary closure. The setback affects gaming and personal workspace products, and tight semiconductor supply may make sourcing components difficult, Wedbush said.The disruption is expected to be resolved by Q4, though Logitech faces market-share risk in gaming if key products aren't available during the holiday season, the report said.Wedbush cut its price target on Logitech stock to $130 from $135 and reiterated its outperform rating.Price: $107.30, Change: $-4.36, Percent Change: -3.90%

$LOGI
Wire

Logitech Seen Posting 'Decent' Fiscal Q1 Results Despite PC Headwinds, Wedbush Says

Logitech International (LOGI) is expected to post "decent" fiscal Q1 results as new products, stronger sales in China, margin expansion and growth across key categories help offset weak PC demand, Wedbush Securities said Wednesday.Wedbush expects revenue to rise 5% from a year earlier to $1.21 billion, slightly above the $1.20 billion consensus estimate and near the top of Logitech's guidance range. Gaming revenue is expected to grow 10% due to the G Pro X2 Superstrike mouse and Logitech's China-for-China initiative.The firm expects 3% growth in personal workspace products and 5% growth in video collaboration. Webcam and tablet accessory sales are expected to remain nearly unchanged. It expects adjusted earnings of $1.39 per share, compared with the $1.32 estimate. Gross margin is expected to improve to 43.7%.Wedbush kept its outperform rating and $135 price target, saying Logitech's cash position and lack of debt could support small acquisitions, stock buybacks and a larger dividend.Shares of Logitech were up more than 2% in Wednesday trading.Price: $105.23, Change: $+2.32, Percent Change: +2.25%

$LOGI
Wire

Logitech International Faces Weaker PC Demand, Estimate Revisions, Morgan Stanley Says

Logitech International (LOGI) faces negative consensus estimate revisions on sales and earnings as falling personal computer demand weighs on its accessories and gaming businesses, while solid margins may not lift profit because the company is expected to reinvest savings, Morgan Stanley said in a note Wednesday.The investment firm expects Logitech's fiscal 2027 and fiscal 2028 revenue to face more than 5% downside, with fiscal 2028 earnings per share potentially coming in 5% to 10% than its power.Rising computer prices, weaker consumer spending and growing channel inventory could lead to further declines in PC shipments, which could lead analysts to lower their revenue forecasts, Morgan Stanley said.Video collaboration and slightly better gross margins could offset some weakness, but most margin gains are likely to be spent on growth plans rather than added to earnings, according to the note.Morgan Stanley kept its underweight rating and cut its price target to $88 from $89, saying its cautious view reflects weaker conditions in the wider PC market rather than problems with Logitech's business execution.Price: $96.18, Change: $-0.93, Percent Change: -0.96%

$LOGI
Wire

Logitech Shares Fall After BofA Downgrade

Logitech International (LOGI) shares fell about 5% in Tuesday trading after BofA downgraded the stock to underperform from neutral.Trading volume stood at over 1.5 million shares compared with a daily average of more than 1 million.Price: $93.55, Change: $-5.08, Percent Change: -5.15%

$LOGI
Research

BofA Downgrades Logitech International to Underperform From Neutral

Logitech International S.A (LOGI) has an average rating of overweight and mean price target of $118.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$LOGI
Research

Research Alert: CFRA Lowers Opinion On Shares Of Logitech International S.a. To Sell From Hold

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We decrease our price target by $10 to $84, applying a P/E of 15x to our FY 27 (Mar.) EPS estimate, below LOGI's three-year average (~24x) given elevated macro headwinds. We lower our FY 27 EPS estimate by $0.07 to $5.58 and initiate a FY 28 view at $5.85. While Q4's results (sales +3% ex-FX, non-GAAP operating margin +210 bps Y/Y) demonstrated resilience in a volatile macro environment, we think management is downplaying the negative impacts that will accompany memory supply issues in FY 27, which should increase costs and prices for the fast-growing Video Collaboration product category (+8% ex-FX in Q4), slowing overall company growth. We also expect peripherals to hold some correlation to PC unit volumes despite management's optimistic assertion otherwise, resulting in broad pressure across multiple products. Growth in APAC (28% of FY 26 sales, +15% ex-FX) has been a bright spot, but we worry that elevated marketing spend is supporting results more than product leadership and innovation.

$LOGI
Wire

Logitech International Fiscal Q4 Results Highlight Resilient Model, Wedbush Says

Logitech International (LOGI) demonstrated a resilient operating model in fiscal Q4, with strong execution across product innovation, cost discipline, and supply chain optimization supporting gross and operating margin expansion ahead of expectations, Wedbush Securities said in a Wednesday note.The company continues to execute on its strategic priorities, including growing its B2B business, increasing market share in China, reviving video collaboration, and reinforcing its leadership in personal workspace solutions, the report said.Despite weak PC shipments and higher component costs, Logitech is lifting average selling prices through new products and improved marketing, with strong demand for the G Pro X2 Superstrike underscoring premium execution and gaming growth, the Wedbush analysts said.The analyst cited Logitech's large PC "white space" opportunity and low upgrade penetration, saying improved marketing could drive growth, while net cash supports buybacks, dividends, and acquisitions into 2027.Wedbush maintained its outperform rating on the stock with a price target of $135.Price: $102.55, Change: $-2.87, Percent Change: -2.72%

$LOGI
Research

Research Alert: Logi Delivers Resilient Results Despite Middle East, Memory Supply Headwinds

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Q4 FY 26 results were near expectations with sales of $1.09B (+7% Y/Y) matching Street estimates while non-GAAP EPS of $1.13 (+22% Y/Y) slightly beat consensus of $1.10. Non-GAAP operating margin of 15.3% (+210 bps Y/Y) demonstrated impressive operational performance despite volatile cost pressures. Sales growth was broad-based with Gaming accelerating to 12% growth, Video Collaboration maintaining 13% expansion reinforcing B2B momentum, and sell-through exceeding reported sales by 400 bps overall. For Q1 FY 27, LOGI expects sales of $1.203B (+3% ex-FX) exceeding consensus of $1.14B and non-GAAP EPS of roughly $1.39 vs. $1.28 consensus. Management reiterated long-term mid-to-high single-digit organic growth with margins at the high end of 15-18% model, though FY 27 may see increased AI-related investments creating margin pressure. We think memory supply constraints may challenge the outlook but note resilient results in the meantime.

$LOGI
Wire

Logitech Expected to Deliver Consistent Growth Despite Headwinds, Wedbush Says

Logitech International (LOGI) is expected to deliver consistent growth over the next several quarters despite headwinds as it diversifies its strengths across categories and geographies, Wedbush Securities said in a note Wednesday.The brokerage said Logitech is positioned to accelerate growth through small tuck-in mergers and acquisitions, facilitate share buybacks, and expand its dividend.The company has managed significant margin pressure through product updates, cost reductions, targeted promotional activity, and supply chain adjustments, resulting in gross and operating margin expansion, according to the note.Analysts estimate the company's fiscal Q4 earnings at $1.21 per share and revenue to be up 8% year over year to $1.09 billion, both above consensus. The company is scheduled to report its fiscal Q4 financial results on May 5.Wedbush has an outperform rating on the stock and a $135 price target.Price: $97.82, Change: $+1.18, Percent Change: +1.22%

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