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 (SIX: LOGN) (NASDAQ: LOGI) has partnered with Girls Who Code to address the gender gap in technology. This collaboration includes sponsoring the Summer Immersion Program, hosting virtual events, and providing internship opportunities for young women. Logitech will donate a portion of global sales from its Master Series products to support Girls Who Code's initiatives. Delphine Donne-Crock of Logitech emphasizes the importance of empowering future female creators through advanced tools and educational opportunities.
Logitech has launched the Circle View Doorbell, a wired video doorbell designed specifically for Apple HomeKit. Priced at $199.99 for self-installation and $299.99 with professional installation, it features Face Recognition, Logitech TrueView™ video quality, and color night vision. This product supports HomeKit Secure Video for enhanced privacy and security. Logitech has partnered with HelloTech for installation services, ensuring ease of setup for consumers.
Logitech G has launched the Logitech G PRO X SUPERLIGHT, its lightest wireless esports gaming mouse, designed for elite esports professionals. Weighing less than 63 grams, it features LIGHTSPEED wireless technology and a HERO 25K sensor, offering precise tracking and up to 70 hours of battery life. The mouse was developed with feedback from professional gamers and is set to retail for $149.99 starting December 3rd. Key endorsements from players like s1mple and bENITA highlight its performance advantages in competitive gaming.
Logitech (Nasdaq: LOGI) has announced a significant commitment to sustainability by incorporating post-consumer recycled plastic (PCR) into over 50% of its mice and keyboards by the end of 2021. This initiative aims to reduce carbon emissions by eliminating approximately 7,100 tons of virgin plastic and 11,000 tons of carbon annually. Since launching the PCR program, Logitech expects to ship over 50 million devices using PCR plastic by next year, emphasizing transparency in product content verified by third-party experts.
Logitech G has announced a multi-year partnership with Riot Games, the creators of League of Legends, aimed at launching officially licensed gaming products. The first collection features K/DA-themed peripherals, including the G733 headset, G304/G305 mouse, G840 mouse pad, and G333 in-ear headset. Designed for performance, the products will be available in China immediately, with global availability expected in 2021. Pricing ranges from $49.99 for the G333 headset to $129.99 for the G733 headset, promising to enhance the gaming experience for League of Legends fans.
Logitech has launched the ERGO M575 Wireless Trackball, designed for comfort during prolonged use without requiring arm movement. It features a sculpted ergonomic design, available in graphite and off-white, and supports palm comfort for various hand sizes. Connectivity options include USB receiver and Bluetooth, with a battery life of up to 24 months. Additionally, it incorporates 50% post-consumer recycled plastic in graphite and 21% in off-white, demonstrating Logitech's commitment to sustainability. Priced at $49.99, the trackball targets remote workers seeking ergonomic solutions.
Logitech International (Nasdaq: LOGI) announced the filing of its Quarterly Report on Form 10-Q for Q2 Fiscal Year 2021 with the U.S. Securities and Exchange Commission on October 22, 2020. The report will be accessible on both the SEC and Logitech’s websites, providing key financial data and updates on Logitech's performance. As a leading multi-brand company, Logitech continues to connect users through music, gaming, and computing experiences. For further details, visit their official website.
Logitech International (LOGI) reported its Q2 Fiscal Year 2021 results, achieving record sales of $1.26 billion, up 75% from the previous year. GAAP operating income surged 372% to $322 million, with GAAP earnings per share increasing 263% to $1.56. Non-GAAP measures also showed significant growth, with operating income at $354 million (up 295%) and EPS at $1.87 (up 274%). The company raised its sales growth outlook to 35-40% for the fiscal year, highlighting strong demand in a hybrid work culture and gaming sector.
Logitech International (Nasdaq: LOGI) will release its quarterly financial results on October 19, 2020, at 9:00 p.m. EDT, and on October 20, 2020, at 3:00 a.m. CEST. A videoconference to discuss these results is scheduled for October 20, 2020, at 8:30 a.m. EDT and 2:30 p.m. CEST. Investors can access the livestream on Logitech's corporate website. With a history of over 35 years, Logitech designs products that connect people through various digital experiences.
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