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.
Logitech International (SIX: LOGN, Nasdaq: LOGI) announced the scheduled release of its FY 2021 fourth quarter and full-year financial results on April 28, 2021, at 9:00 p.m. EDT and April 29, 2021, at 3:00 a.m. CEST. A videoconference to discuss these results will occur on April 29, 2021, at 8:30 a.m. EDT. Investors can access a livestream of the event via the Logitech corporate website. Founded in 1981 and headquartered in Lausanne, Switzerland, Logitech specializes in technology products for gaming, video, and computing, with several prominent brands under its umbrella.
Ultimate Ears and Westbrook Media have launched a year-long partnership focusing on innovative storytelling that merges traditional entertainment with branded content. The collaboration aims to promote UE FITS, the world's first custom-fit wireless earphones, using a series of short films featuring Jaden and Willow Smith. This partnership emphasizes creativity and inclusion, leveraging Westbrook's expertise in entertainment. Ultimate Ears will also host Creator Days to connect talent with digital creators for social content production.
Logitech International (SIX:LOGN) (Nasdaq:LOGI) has raised its Fiscal Year 2021 outlook to approximately 63% sales growth in constant currency, with projected non-GAAP operating income of $1.1 billion. The previous outlook anticipated 57-60% growth and $1.05 billion income. For Fiscal Year 2022, sales growth is expected to be flat, plus or minus 5%, with non-GAAP operating income between $750 million and $800 million. Long-term sales growth expectations rose to 8-10%, enhancing gross and operating margin targets.
Logitech (NASDAQ: LOGI) has launched a new brand campaign titled DEFY LOGIC. The campaign showcases creators and activists defying expectations, featuring a Super Bowl ad with Lil Nas X. This initiative emphasizes Logitech's commitment to supporting diverse talents and promoting sustainability and equality through its products. The campaign will also appear during the GRAMMY Awards and across various media platforms, spotlighting the stories of individuals committed to creative innovation and social change.
Logitech International (SIX: LOGN, Nasdaq: LOGI) filed its Quarterly Report on Form 10-Q for Q3 of Fiscal Year 2021 with the U.S. SEC on January 21, 2021. The details of the filing are accessible through both the SEC and Logitech's official website. Founded in 1981 and headquartered in Lausanne, Switzerland, Logitech is recognized for its diverse product offerings, connecting users through music, gaming, and computing. The company operates multiple brands including Logitech G, ASTRO Gaming, and Blue Microphones.
Logitech International reported impressive Q3 FY 2021 results, with sales reaching $1.67 billion, up 85% year-over-year. GAAP operating income surged 248% to $448 million, and GAAP earnings per share (EPS) increased 222% to $2.22. Non-GAAP operating income also rose 214% to $476 million, while non-GAAP EPS jumped 192% to $2.45. Logitech raised its annual outlook for sales growth to between 57% and 60% in constant currency, reflecting the strength of its portfolio and investments in growth areas.
Logitech (SIX: LOGN, NASDAQ: LOGI) has launched a next-generation portfolio of video conferencing solutions, including the Rally Bar and Rally Bar Mini, aimed at enhancing meeting experiences in hybrid work environments. The devices support major platforms like Microsoft Teams and Zoom, featuring high-resolution optics, advanced audio technology, and AI capabilities. Pricing starts at $3,999 for the Rally Bar. Logitech emphasizes ease of use and management, aiming to optimize video conferencing across all room sizes.
Logitech (SIX: LOGN, NASDAQ: LOGI) has unveiled a next-generation portfolio of video conferencing solutions, enhancing the meeting experience with products like the Rally Bar and Rally Bar Mini. These devices offer cinema-quality video and clear audio, adaptable for small to large meeting rooms. The Rally Bar supports major conferencing platforms such as Microsoft Teams and Zoom, and integrates AI for optimized performance. Pricing starts at $3,999 for Rally Bar, $2,999 for Rally Bar Mini, and $999 for Logitech RoomMate, aiming to streamline user experiences in hybrid work environments.
Logitech International (SIX: LOGN) (Nasdaq: LOGI) will release its quarterly financial results on January 18, 2021 at 9:00 PM EST and January 19, 2021 at 3:00 AM CET. A videoconference to discuss these results is scheduled for January 19, 2021 at 8:30 AM EST and 2:30 PM CET. The event will be livestreamed on the Logitech corporate website.
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