UPDATE: Oppenheimer Starts LogMeIn (LOGM) at Outperform; Leading Remote-Access Provider
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Price: $25.96 +1.13%
Rating Summary:
7 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
7 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade LOGM Now!
(Updated - June 13, 2012 9:25 AM EDT)
Oppenheimer initiates coverage on LogMeIn (NASDAQ: LOGM) with an Outperform. PT $40.00.
Analyst, Shaul Eyal, said, "LOGM is well positioned to benefit from the rise of a growing remote workforce and a plethora of device choices. We believe that LOGM's business model provides a high level of predictability, and the company's focus on enhancing its best-of-breed solutions remains a competitive differentiator."
Eval sees FY13 revenues growing 21.8% year-over-year (to $172.5 mln and EPS of $0.89) Sees FY13 margins going to 22% from 19.2%.
For an analyst ratings summary and ratings history on LogMeIn click here. For more ratings news on LogMeIn click here.
Shares of LogMeIn closed at $30.46 yesterday, with a 52 week range of $26.74-$44.60.
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Oppenheimer initiates coverage on LogMeIn (NASDAQ: LOGM) with an Outperform. PT $40.00.
Analyst, Shaul Eyal, said, "LOGM is well positioned to benefit from the rise of a growing remote workforce and a plethora of device choices. We believe that LOGM's business model provides a high level of predictability, and the company's focus on enhancing its best-of-breed solutions remains a competitive differentiator."
Eval sees FY13 revenues growing 21.8% year-over-year (to $172.5 mln and EPS of $0.89) Sees FY13 margins going to 22% from 19.2%.
For an analyst ratings summary and ratings history on LogMeIn click here. For more ratings news on LogMeIn click here.
Shares of LogMeIn closed at $30.46 yesterday, with a 52 week range of $26.74-$44.60.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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