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LOGITECH INTERNATIONAL S.ALOGITECH INTERNATIONAL S.ALOGITECH INTERNATIONAL S.A

LOGITECH INTERNATIONAL S.A

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LOGI/N trade ideas

LOGI:NASDAQ - LOGITECH INTERNATIONAL - Operating profit up 75%Logitech is a major manufacturer / seller of computer peripheries and has been benefiting from the work from home, school at home movement. Nice momentum without too much volatility. Worth a look. Article below from Trading View News / Reuters July 20 (Reuters) - Logitech International LOGN raised its outlook for the 2021 fiscal year and reported a more than 75% increase in non-GAAP operating income in its first quarter, boosted by demand for its webcams, video conferencing products and headsets as homeworking increased during the coronavirus lockdowns. The company said demand for video streaming and productivity products remained high as lockdowns introduced around the world to restrict the spread of the coronavirus resulted in an increase in the number of people working from home. The Swiss-U.S. maker of computer peripherals raised its sales outlook for the 2021 fiscal year to 10% to 13% growth from mid single-digit percentage gain in constant currency. The company also raised its annual outlook for non-GAAP operating profit in the range of $410 million to $425 million from $380 to $400 million. Gaming products like computer mice, keyboards and headsets have also done well, as people have played more on their computers at home during the lockdowns. "Logitech's business was already positioned to grow from these long-term trends, and since early March they have accelerated, making Logitech more relevant to customers than ever before," said Chief Executive Bracken Darrell. Logitech said its non-GAAP operating income rose to $117.3 million in the quarter ended June 30, up from $67 million a year earlier. Net income rose 58.9% to $72.1 million, with sales increasing about 22.9% to $791.9 million.
NASDAQ:LOGILong
by zAngus
$LOGI 45% gain in 3 months for Logitech , what's left? Strong confluence of Fibonacci expansion & Extension levels now in play. Stock is up 45% in 3 months. Perfect support trend from Moving Averages. Stocks easiest money may be behind it. Possible to trade between the Fins levels on break above $71. Expectations may be to high and selling could be a risk at any signs of slower growth. A gamers and Work from home benefactor. PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
NASDAQ:LOGI
by Bullishcharts
2
LOGI $60 Short is a Decades' Historical HighFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, Logitech is on my watchlist. Teleconferencing have been growing since this time period, and so has streaming and e-sports. Also, flight simulators are a growing genre in the gaming industry (and I am not just saying that given I am working on a flight simulator). All these factors give an increase to the overall supply and demand curve for what type of products Logitech is offering. A $60 price point would be a historical high and can lead to a potential breakout, given how the market might react. Either way, on the watch list at the very least.
NASDAQ:LOGIShort
by gamer456148
LOGI on the verge of breaking a MULTI YEAR trendline. As you can see the multi year trendline going up to this top. We have crazy sold out products across the board, this thing can moon to heaven. Looking at the closer timeframes though, picture is supported, but cautious. Huge ascending triangle with a break. Wait for earnings and we can see it go up crazy or down harder. I personally see it more to the upside. Volume spiking into earnings. I see this as bullish, take it as you will. If it dies though, it has many levels to go down.
NASDAQ:LOGI
by RandomGuyTalkin