Logitech International SA ( LOGI Quick Quote LOGI - Free Report) recently announced the launch of a Universal Stylus Initiative (“USI”) supported digital Pen designed for K-12 students and educators. The company stated that it is a pixel-precise rechargeable Pen certified for Works With Chromebook.
Logitech Pen will help students write, draw and sketch, annotate, mark-up, shade and navigate digitally with exceptional accuracy on screens of their USI-enabled Chromebook devices. It provides students the required control to work their own way and collaborate in all-new ways with their teachers and peers. The Pen comes with a soft, non-slip grip that allows maximum comfort and control, making it ideal for in-class work, homework, exams, and much more.
With the introduction of this Pen, Logitech intends to support deep learning while anticipating an improvement in student retention rate. The Pen requires no button pressing or manual pairing as it gets automatically paired allowing students and teachers to work on each other's devices with their own Pens.
Logitech Pen has been made available at $64.99 in the United States and some selected markets from January 2022.
Logitech has been benefiting from elevated demand for its products in the Gaming, Creativity & Productivity, and Video Collaboration units. Its continued focus on bolstering cloud-based video conferencing services is aiding it to robustly expand the clientele base.
The growing adoption of new mobile platforms in both mature and emerging markets is fueling the demand for the company’s peripherals and accessories. Logitech’s expanding partner base that includes Google, Microsoft and Zoom Video is key to its top-line performance. Buyouts like Streamlabs — a leading tool provider for professional streamers, and ASTRO Gaming — a popular console gaming headset maker are major positives.
Zacks Rank & Stocks to Consider
Logitech currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader computer and technology sector include the largest global Customer Relationship Management vendor
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