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Logitech International SA - LOGI STOCK NEWS

Welcome to our dedicated page for Logitech International SA news (Ticker: LOGI), a resource for investors and traders seeking the latest updates and insights on Logitech International SA stock.

Logitech International S.A. is a renowned Swiss-American multinational company specializing in the design, manufacture, and marketing of computer peripherals and software. Established in 1981 and headquartered in both Lausanne, Switzerland, and Newark, California, Logitech has grown to become a leading name in the tech industry.

The company offers a wide array of products, including mice, keyboards, webcams, conference room cameras, headsets, and music-related items such as wireless speakers. Logitech's commitment to innovation and quality has earned it a significant share of the global market for computer accessories.

Recent developments highlight Logitech's dedication to sustainability and environmental responsibility. In April 2024, Logitech announced its Design for Sustainability (DfS) initiative, focusing on creating products with a reduced environmental impact. This includes experimenting with materials like cork, which is lightweight, heat-resistant, and impermeable. Logitech's innovative culture aims to replace traditional plastics with more sustainable alternatives.

Notably, Logitech has made strides in using post-consumer recycled plastic, which they term 'Next Life plastic.' This initiative is part of their broader strategy to minimize the carbon footprint and promote a circular economy. In 2022, Logitech successfully eliminated 500 tons of single-use plastic from its packaging, a testament to its ongoing commitment to environmental sustainability.

Logitech continues to push the boundaries of design and technology, fostering a workplace environment that encourages innovation and sustainability. The company's dedication to these principles not only helps protect the planet but also positions it as a leader in the tech industry.

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Logitech International (SIX: LOGN, Nasdaq: LOGI) announced a proposed cash dividend for Fiscal Year 2022, reflecting a 10% increase to approximately CHF 0.96 per share, pending shareholder approval at the Annual General Meeting in September 2022. The company returned over $0.5 billion to shareholders through dividends and share repurchases in FY 2022, underscoring its commitment to shareholder returns.

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Logitech International (LOGI) reported a record sales figure of $5.48 billion for FY2022, marking a 4% increase. Despite this growth, GAAP operating income declined by 33% to $774 million, and GAAP EPS dropped 31% to $3.78. The company experienced a 20% sales decrease in Q4 FY2022, reflecting ongoing strategic marketing and product investments. Logitech reduced its FY2023 outlook, now predicting sales growth between 2-4% amid ongoing geopolitical challenges. Overall, Logitech achieved its ninth consecutive year of growth, exceeding its profit target by over $100 million.

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The second annual Logitech Song Breaker Awards is set to premiere on Roblox (NYSE: RBLX) on April 30 at 10 a.m. PST. This innovative music awards show celebrates creators influencing pop music through social media trends. Hosting the event will be Bretman Rock, with a special performance by Lizzo. The awards highlight creators from the Billboard Song Breaker Chart, with various activities in the pre-show experience.

Logitech aims to engage communities by reimagining creator-focused award shows.

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Logitech announced the Lift Vertical Ergonomic Mouse, designed specifically for smaller hands, emphasizing all-day comfort. Available in rose, off-white, and graphite, it includes a left-handed option. The mouse features a 57-degree vertical design to alleviate wrist pressure, a silent SmartWheel for precise scrolling, and connectivity across multiple operating systems via Bluetooth or USB. Notably, the product reflects Logitech's commitment to sustainability, incorporating post-consumer recycled plastic and achieving carbon neutrality in its production. The Lift Mouse is priced at $69.99 and available starting April 2022.

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Logitech For Creators has launched a global campaign called “Together We Create” aimed at empowering creators and celebrating their contributions to culture. This initiative highlights Logitech’s commitment to supporting creators with the right tools and resources. The campaign includes an anthem video and introduces the Logitech Creator Society, an exclusive community of influencer creators. The initiative aligns with Logitech's broader marketing strategy, showcasing diversity in creation and collaboration to foster an inclusive creative environment.

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Logitech International (Nasdaq: LOGI) has announced the release date for its fourth quarter and full-year financial results, set for May 2, 2022, at 9:00 p.m. EDT, with a follow-up videoconference on May 3, 2022, at 8:30 a.m. EDT. Investors and stakeholders are invited to join the livestream on Logitech's corporate website. The company emphasizes its mission to enhance user experiences through innovative products across various domains such as gaming, streaming, and music.

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OSLO, Norway, March 8, 2022 /PRNewswire/ -- Opera GX has partnered with Logitech G to incorporate LIGHTSYNC RGB technology, enhancing the gaming browser's features with over 16.8 million color possibilities.

This integration allows gamers to create custom lighting effects that respond dynamically while using Opera GX. The browser, launched in 2019, is tailored for gamers, offering unique features like CPU and RAM limiters. Users can easily enable LIGHTSYNC RGB through the GX Lights settings, enhancing notifications and interactions with a colorful display.

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Logitech International (Nasdaq: LOGI) has updated its financial outlook, expecting a sales growth of 2-5% for Fiscal Year 2022 and mid-single digits for Fiscal Year 2023. Non-GAAP operating income is projected between $850-$900 million for FY 2022 and $900-$950 million for FY 2023. The long-term sales growth expectation remains at 8-10%, with a non-GAAP gross margin target of 39-44% and an operating margin target of 14-17%. CEO Bracken Darrell emphasized Logitech’s position to capitalize on trends in remote work and digital content creation.

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Logitech International (Nasdaq: LOGI) has surpassed its commitment to use post-consumer recycled (PCR) plastic, achieving 65% incorporation in its largest product portfolio of mice and keyboards. This initiative eliminated approximately 8,000 tons of virgin plastic in 2021, resulting in an estimated 19,000 tons of CO2 saved. Logitech's sustainability efforts are part of a broader strategy to drive innovation in design and manufacturing while minimizing their carbon footprint, aiming to become climate positive beyond 2030.

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Logitech International (Nasdaq: LOGI) will hold an Analyst & Investor Day on March 3, 2022, at 9:00 a.m. EST via videoconference. Executives will discuss how various capabilities, including operations and marketing, are driving growth. A Q&A session will follow the presentations. A livestream and replay will be accessible on their corporate website.

Logitech, headquartered in Lausanne, Switzerland, designs products for computing, gaming, and music, working to enhance user experiences across various applications.

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FAQ

What is the current stock price of Logitech International SA (LOGI)?

The current stock price of Logitech International SA (LOGI) is $81.77 as of December 20, 2024.

What is the market cap of Logitech International SA (LOGI)?

The market cap of Logitech International SA (LOGI) is approximately 12.4B.

What does Logitech International S.A. specialize in?

Logitech specializes in designing and manufacturing computer peripherals such as mice, keyboards, webcams, conference room cameras, headsets, and wireless speakers.

Where are Logitech's headquarters located?

Logitech has dual headquarters located in Lausanne, Switzerland, and Newark, California, USA.

When was Logitech founded?

Logitech was founded in 1981.

What is Logitech's Design for Sustainability (DfS) initiative?

Logitech's Design for Sustainability (DfS) initiative aims to create products with reduced environmental impact, focusing on sustainable materials and innovative design processes.

What materials is Logitech experimenting with for sustainable product design?

Logitech is experimenting with sustainable materials such as cork, which is lightweight, heat-resistant, and impermeable, as part of their efforts to replace traditional plastics.

What is 'Next Life plastic'?

'Next Life plastic' is post-consumer recycled plastic used by Logitech to reduce the environmental impact of their products and promote a circular economy.

How has Logitech reduced single-use plastic in its packaging?

In 2022, Logitech reduced single-use plastic in its packaging by transitioning to paper-based alternatives, eliminating 500 tons of plastic packaging.

How does Logitech's innovation culture impact its products?

Logitech's innovation culture fosters creative and sustainable product designs, encouraging the use of new materials and processes that reduce environmental impact.

What are some of Logitech's recent sustainability achievements?

Recent sustainability achievements include the Design for Sustainability initiative and significant reductions in single-use plastic through innovative packaging solutions.

How does Logitech contribute to a circular economy?

Logitech contributes to a circular economy by using post-consumer recycled plastic in its products, minimizing waste, and promoting the reuse of materials.

Logitech International SA

Nasdaq:LOGI

LOGI Rankings

LOGI Stock Data

12.39B
147.27M
0.27%
58.69%
3.06%
Computer Hardware
Computer Peripheral Equipment, Nec
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United States of America
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