Logitech (LOGI) Tops Q4 EPS by 31c
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May 1, 2024 6:11 AM EDT
JPMorgan analyst Samik Chatterjee downgraded Logitech International (NASDAQ: LOGI) from Overweight to Neutral with a price target of $85.00 (from $92.00).
The analyst comments "We are downgrading shares of Logitech, even as the quarter showed continued signs of robust execution, as we believe the rebound of the product portfolio to healthy growth in the medium term will remain constrained by a challenging macro and efforts to drive growth will likely need to return to robust promotional levels. Logitechs execution in recent quarters in relation to driving the balance of both revenue and gross margin has... More
April 30, 2024 6:11 AM EDT
Logitech (NASDAQ: LOGI) stock jumped more than 7% in European trading Tuesday after the computer parts maker reported Q4 earnings and revenue that beat consensus estimates.
The company posted earnings per share (EPS) of $0.99, exceeding analyst expectations of $0.68. Revenue for the quarter reached $1.01 billion,... More
