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.
News
Rhea-AI Summary
Logitech's Women Who Master series highlights Aisha Bowe, a former aerospace engineer turned CEO of two tech companies, showcasing her journey in STEM and empowering the next generation of women in technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
Tags
-
Rhea-AI Summary
Logitech International announces participation in upcoming investor conferences to discuss company performance and strategies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.97%
Tags
-
Rhea-AI Summary
Logitech announced that all video collaboration devices running on the CollabOS operating system will now be manufactured with next-life plastics, helping enterprise customers support their sustainability objectives. This initiative includes the redesign of existing products with recycled materials without price increase or quality change, making it easier for companies to manage their carbon footprint. Logitech has decreased its Scope 3 emissions by 21% in 2022 and offers to share its DfS principles and tools with organizations in the consumer technology industry interested in increasing their sustainability efforts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
Tags
Rhea-AI Summary
Logitech International has filed its Quarterly Report on Form 10-Q for the third quarter of Fiscal Year 2024 with the U.S. Securities and Exchange Commission (SEC). The filing is available on the SEC's website and Logitech's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.39%
Tags
-
Rhea-AI Summary
Logitech (LOGI) announces the mass production and availability of Logitech Reach, a flexible and intuitive camera featuring the Logitech StreamCam, following a successful Indiegogo Enterprise campaign. The camera allows users to stay in the flow of presenting while sharing non-digital content during in-person presentations, classes, conference calls, and streamer/creator sessions, with features such as one-handed interaction, lateral and vertical adjustments, and full 360-degree rotation. Logitech Reach received overwhelming support on Indiegogo, closing with more than 2100 backers and achieving 700% funding within two hours. The camera offers premium 1080p / 60fps video quality, 4.3x lossless zoom with autofocus, plug-and-play experience over USB-C, and will be available this summer at a suggested retail price of $349.99.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.7%
Tags
-
Rhea-AI Summary
Logitech International announced its financial results for the third quarter of Fiscal Year 2024, with sales at $1.26 billion, down 1 percent in US dollars and 3 percent in constant currency. GAAP operating income was $222 million, up 26 percent compared to the prior year. Non-GAAP operating income was $248 million, up 22 percent. GAAP earnings per share (EPS) was $1.55, up 80 percent, and non-GAAP EPS was $1.53, up 34 percent. Cash flow from operations was $443 million, up 58 percent. The company returned $188 million to shareholders through share repurchases. Logitech raised its full-year outlook for Fiscal Year 2024, with new sales projections of $4.2 - $4.25 billion and non-GAAP operating income of $610 - $660 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.54%
Tags
Rhea-AI Summary
Logitech International (LOGN) (LOGI) to release Q3 FY2024 financial results on January 22, 2024. Videoconference to discuss results on January 23, 2024. Livestream available on Logitech corporate website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.33%
Tags
-
Rhea-AI Summary
Logitech International (SIX: LOGN) (Nasdaq: LOGI) has been included in the Dow Jones Sustainability Index (DJSI) for the fourth consecutive year. The company's advancements in areas such as Cybersecurity, Emissions, Product Stewardship, Climate Strategy, and Talent Attraction and Retention reflect Logitech’s continued focus on performance, accountability, and transparency. Logitech has prioritized carbon reductions across the entire value chain and has made significant progress in using recycled materials and low-carbon aluminum for lower carbon impact.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.51%
Tags
-
Rhea-AI Summary
Logitech (LOGN, LOGI) announced that Logitech Sight, the AI-powered, sustainably-built tabletop companion camera with intelligent multi-participant framing, is the first intelligent camera to be certified by Microsoft Teams as a center-of-table camera that works in tandem with the front-of-room video bars and is the first Panoramic Camera to be certified for use with Zoom Rooms. The camera uses two 4K cameras, computer vision, and onboard AI, along with seven beamforming mics, to provide better audio and a seamless experience for remote participants in hybrid work settings. Logitech Sight is designed to create a more equitable experience for remote participants when meeting with their in-office colleagues in hybrid work settings. The camera is compatible with popular platforms, is easy to set up, and is certified with the video calling platforms people use every day. Logitech is committed to sustainability, with the camera being certified carbon neutral and made from certified post-consumer recycled plastic and FSC-certified paper packaging.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
Tags
Rhea-AI Summary
Logitech (LOGI) releases excerpt from FY23 Impact Report, highlighting Carbon Clarity
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
FAQ
What is the current stock price of Logitech International SA (LOGI)?
The current stock price of Logitech International SA (LOGI) is $86.98 as of January 8, 2025.
What is the market cap of Logitech International SA (LOGI)?
The market cap of Logitech International SA (LOGI) is approximately 13.1B.
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
13.10B
147.27M
0.27%
59.83%
3.37%
Computer Hardware
Computer Peripheral Equipment, Nec
United States of America
SAN JOSE