LogMeIn (LOGM) Tops Q4 EPS by 4c

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Go back to LogMeIn (LOGM) Tops Q4 EPS by 4c

LogMeIn's (LOGM) 2016 Guidance Blunted by Spending for Growth; Needham & Company Cuts PT to $57

February 12, 2016 6:47 AM EST

Needham & Company maintained a Strong Buy rating on LogMeIn (NASDAQ: LOGM), and cut the price target to $57.00 (from $84.00), following the company's 4Q earnings report. LOGMs $76.1m revenue and $0.51 EPS was above $74.4m and $0.47 EPS consensus. Earnings guidance of $1.70-1.77 EPS CY16 is below consensus $1.78, and is impacted by spending to grow, as well as investments in... More