UPDATE: Oppenheimer Starts LogMeIn (LOGM) at Outperform; Leading Remote-Access Provider
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Price: $86.04 --0%
Rating Summary:
2 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
2 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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(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.
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.
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