Logitech Intl S A Stock Price, News & Analysis

Logitech International (SIX:LOGN, Nasdaq:LOGI) has confirmed its financial outlook for FY2023, predicting a sales decline of 13-15% in constant currency and non-GAAP operating income of $550 million to $600 million. For H1 FY2024, revenue forecasts range from $1.8 billion to $1.9 billion, reflecting an 18-22% decline in USD. The company maintains long-term expectations for constant currency sales growth of 8-10%, with non-GAAP gross margins between 39-44% and operating margins of 14-17%. Logitech's leadership emphasizes a focus on market share despite recent challenges and external headwinds, particularly in video, gaming, and hybrid work sectors.

Logitech International (SIX: LOGN, Nasdaq: LOGI) is set to participate in the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 8, 2023, at 12:15 p.m. PST (9:15 p.m. CET) in San Francisco. The presentation will be available via a webcast, with a replay accessible on Logitech's official website. Logitech is renowned for its innovative hardware and software solutions, catering to both businesses and individual users. Since its inception in 1981, the company has extended its brand portfolio, including Logitech G, ASTRO Gaming, and Blue Microphones, and is committed to sustainability and enhancing user experiences.

Logitech G and Playseat® have launched the Playseat® Trophy-Logitech G Edition, designed to enhance the racing experience for enthusiasts. This new cockpit is now available globally for $599 and €599. It features a lightweight carbon steel frame, ActiFit™️ material for comfort, and fully adjustable components for optimal racing positions. The design aims to provide a superior connection to racing, complementing Logitech G's PRO Racing Wheel and Pedals. This collaboration emphasizes innovation in sim racing technology, aiming to meet the demands of both casual and professional drivers.

Kavya Krishna, a coder and data engineer from rural India, is featured in the Logitech MX #WomenWhoMaster series. Overcoming her community's limited access to financial autonomy, she now teaches digital skills to girls from underserved areas globally. Her organization, Society of Women Coders (SOWCoders), has trained over 4,000 girls in 57 countries and aims to impact 100,000 students by 2025. SOWCoders provides a unique five-month training program, emphasizing mentorship and local instruction. Kavya aspires for future generations of women coders to achieve financial independence and impact their communities.

Logitech recently highlighted its #WomenWhoMaster initiative, showcasing influential women in tech who are making a significant impact in their communities. This initiative aims to empower women and girls in STEM fields, addressing the gender gap in technology. Featured leaders include Nelly Cheboi, who founded TechLitAfrica to provide tech education in Kenya; Yuko Nagakura, creator of the World Coding Club for girls; and Kavya Krishna, founder of the Society of Women Coders. Logitech encourages sharing stories of women in tech and promoting STEM careers to foster meaningful contributions to society.

Logitech International (Nasdaq: LOGI) has announced an Analyst & Investor Day (AID) via videoconference on March 8, 2023, at 9:00 a.m. EST. The session will include presentations from company executives detailing Logitech's long-term strategy and innovation. Investors and analysts will have the opportunity to engage with the executives during a question-and-answer segment. A livestream and replay will be accessible on the Logitech corporate website.

Logitech designs solutions that enhance productivity and connection for individuals and businesses. Headquartered in Lausanne, Switzerland, Logitech is listed on the SIX Swiss Exchange and Nasdaq.

Logitech International has appointed Chuck Boynton as the new Chief Financial Officer (CFO), effective February 6, 2023. Boynton, a seasoned executive with expertise in consumer and B2B technology, will oversee the company's financial strategies and a multi-billion dollar P&L.

In a related move, Prakash Arunkundrum, previously head of operations and sustainability, has been named Chief Operating Officer (COO) as of January 23, 2023. His responsibilities include enhancing operational efficiency and managing sustainability efforts.

Logitech International (SIX: LOGN, Nasdaq: LOGI) filed its Quarterly Report on Form 10-Q for the third quarter of Fiscal Year 2023 with the U.S. Securities and Exchange Commission on January 26, 2023. The report is accessible on both the SEC and Logitech websites. Logitech is committed to providing hardware and software solutions that foster collaboration and creativity across various sectors, including gaming and streaming. Headquartered in Lausanne, Switzerland, Logitech operates a diverse portfolio of brands aimed at enhancing user experience and connecting people.

Logitech International (SIX: LOGN; Nasdaq: LOGI) reported Q3 Fiscal Year 2023 results showing a 22% decline in sales to $1.27 billion, with GAAP operating income falling 33% to $177 million. Key categories faced significant drops: Gaming sales fell 16%, Video Collaboration down 21%, and Keyboards & Combos down 22%. The company acknowledged challenging macroeconomic conditions, including inflation and reduced consumer spending. Adjusted sales growth for the year is forecasted between -15% and -13% in constant currency. Logitech has returned $486 million to shareholders, demonstrating commitment despite the current environment.