We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Logitech (LOGI) Introduces New Peripheral Products for Apple
Read MoreHide Full Article
Logitech (LOGI - Free Report) recently introduced advanced wireless mouse, Logitech MX Master 3, and advanced wireless illuminated keyboard, Logitech MX Keys, for Mac devices. These products are part of Logitech’s Master Series.
Apart from these, the company unveiled a multi-device Bluetooth keyboard — K380 for Mac — optimized for macOS, iOS and iPadOS.
Notably, these products are designed to complement Apple’s (AAPL - Free Report) ecosystem and help numerous advanced digital creators who use Macs and iPads.
Although there are a few products built for select brands like Samsung and other Android tablets, most of the products from Logitech’s Tablet & Other Accessories, as well as Keyboards & Combos categories are designed for Apple devices.
Logitech is strengthening its presence in the high-potential market for accessories by pursuing innovation and expanding product lines. Over the past two years, the company has introduced several offerings to grab a greater market share. Growing adoption of new mobile platforms in both mature and emerging markets is fueling demand for Logitech’s peripherals and accessories.
During fiscal 2020, revenues from Tablet & Other Accessories and Keyboards & Combos, which are part of the company’s Creativity and Productivity segment, increased 5% and 7% year over year, respectively, driven by strong traction in Slim Folio, Slim Combo keyboard cases and Rugged Combo keyboard case.
Furthermore, in the fourth quarter of fiscal 2020, the aforementioned sub-segments grew 36% and 3%, respectively.
Reportedly, Logitech's gaming mouse business, which got a boost from the launch of a wireless version of its G502 gaming mouse in May last year, is gaining traction.
Per Technavio, the PC peripherals market is expected to grow 6.97% year over year in 2020 and generate an additional $43.42 billion during 2020-2024. This highlights the strong prospects of Logitech in this space, given its solid portfolio for peripheral equipment.
Long-term earnings growth rate for Fortinet and Baozun is currently pegged at 14% and 29%, respectively.
5 Stocks to Soar Past the Pandemic: In addition to the companies you learned about above, we invite you to learn about 5 cutting-edge stocks that could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of the decade.
Image: Shutterstock
Logitech (LOGI) Introduces New Peripheral Products for Apple
Logitech (LOGI - Free Report) recently introduced advanced wireless mouse, Logitech MX Master 3, and advanced wireless illuminated keyboard, Logitech MX Keys, for Mac devices. These products are part of Logitech’s Master Series.
Apart from these, the company unveiled a multi-device Bluetooth keyboard — K380 for Mac — optimized for macOS, iOS and iPadOS.
Notably, these products are designed to complement Apple’s (AAPL - Free Report) ecosystem and help numerous advanced digital creators who use Macs and iPads.
Logitech International S.A. Price and Consensus
Logitech International S.A. price-consensus-chart | Logitech International S.A. Quote
Although there are a few products built for select brands like Samsung and other Android tablets, most of the products from Logitech’s Tablet & Other Accessories, as well as Keyboards & Combos categories are designed for Apple devices.
Logitech is strengthening its presence in the high-potential market for accessories by pursuing innovation and expanding product lines. Over the past two years, the company has introduced several offerings to grab a greater market share. Growing adoption of new mobile platforms in both mature and emerging markets is fueling demand for Logitech’s peripherals and accessories.
During fiscal 2020, revenues from Tablet & Other Accessories and Keyboards & Combos, which are part of the company’s Creativity and Productivity segment, increased 5% and 7% year over year, respectively, driven by strong traction in Slim Folio, Slim Combo keyboard cases and Rugged Combo keyboard case.
Furthermore, in the fourth quarter of fiscal 2020, the aforementioned sub-segments grew 36% and 3%, respectively.
Reportedly, Logitech's gaming mouse business, which got a boost from the launch of a wireless version of its G502 gaming mouse in May last year, is gaining traction.
Per Technavio, the PC peripherals market is expected to grow 6.97% year over year in 2020 and generate an additional $43.42 billion during 2020-2024. This highlights the strong prospects of Logitech in this space, given its solid portfolio for peripheral equipment.
Zacks Rank & Key Picks
Logitech currently has a Zacks Rank #3 (Hold).
A couple of better-ranked stocks are Fortinet, Inc. (FTNT - Free Report) and Baozun Inc. (BZUN - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Fortinet and Baozun is currently pegged at 14% and 29%, respectively.
5 Stocks to Soar Past the Pandemic: In addition to the companies you learned about above, we invite you to learn about 5 cutting-edge stocks that could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of the decade.
See the 5 high-tech stocks now>>