Welcome to our dedicated page for Logitech Intl S A news (Ticker: LOGI), a resource for investors and traders seeking the latest updates and insights on Logitech Intl S A stock.
Logitech International S.A. reports developments tied to its software-enabled hardware business for work, creation and gaming. News commonly covers financial results, capital allocation through share buybacks and dividends, and product introductions across keyboards, mice, webcams, conference room cameras, headsets and related accessories.
Company updates also feature the Logitech G gaming business, including gaming keyboards and performance peripherals, as well as education and productivity accessories such as Rugged Combo keyboard cases for iPad. Other recurring items include management appointments, board-approved capital actions and disclosures from Logitech's Swiss public-company structure and Nasdaq-listed registered shares.
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.
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.
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.
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.
Logitech has launched RightSight 2, a new software for Rally Bar and Rally Bar Mini, aimed at enhancing hybrid work environments. This innovation offers a dual-camera feature that allows simultaneous viewing of the speaker and the entire meeting room, facilitating more inclusive video calls. The technology adjusts automatically based on speakers' positions, providing a picture-in-picture view for better engagement. Currently available as a public beta, it integrates seamlessly with major conferencing platforms like Microsoft Teams and Zoom.
Logitech International (SIX: LOGN, Nasdaq: LOGI) announced on January 27, 2022, that it filed its Quarterly Report on Form 10-Q for the third quarter of Fiscal Year 2022 with the U.S. SEC. The report is accessible on the SEC's website and Logitech's investor relations page. Logitech is dedicated to enhancing user experiences through its range of products tailored for computing, gaming, and music. Founded in 1981 and headquartered in Lausanne, Switzerland, Logitech is a publicly traded company on both the SIX Swiss Exchange and Nasdaq.
Logitech has launched the next chapter of its DEFY LOGIC brand campaign featuring Lizzo and other creators who challenge norms. The campaign promotes individuality and creativity, showcasing how Logitech's products enhance user experiences. Targeted at digital platforms, it emphasizes the brand's mission to empower people to pursue their passions sustainably. Lizzo expresses excitement about the campaign's authenticity, aligning with a broader focus on diversity and inclusion. More details can be found on Logitech's website.
Logitech G has unveiled the G413 SE Mechanical Gaming Keyboard and G413 TKL (Tenkeyless) SE Mechanical Gaming Keyboard, designed for performance and affordability. Engineered with tactile mechanical switches and durable PBT keycaps, these keyboards promise superior durability and reliability, catering to gamers seeking quality at a reasonable price. The G413 SE is priced at $79.99, while the TKL version is $69.99, both available from February 2022. The keyboards feature white LED lighting and six-key rollover anti-ghosting performance.
Logitech International (SIX: LOGN, Nasdaq: LOGI) reported Q3 Fiscal Year 2022 results, showing a 2% decline in sales to $1.63 billion year-over-year, maintaining near-record levels. Despite a 41% drop in GAAP operating income to $263 million and a 44% decrease in GAAP EPS to $1.24, Logitech raised its FY 2022 guidance, projecting 2-5% sales growth and $850-$900 million in non-GAAP operating income. Key categories, including Keyboards and Gaming, saw significant growth. Logitech returned $450 million to shareholders year-to-date.
Logitech (NASDAQ: LOGI) has announced an upgrade to its Sync device management platform, catering to the needs of the hybrid workforce. With newfound compatibility for personal collaboration devices like webcams and headsets, IT can now manage conference rooms and workstations from a single interface. The growing trend of remote work has introduced challenges for IT, making this enhancement crucial. The updated platform offers features such as remote firmware updates, user personalization, and insights into meeting room occupancy to drive informed decision-making.