The Latest Breaking News from Logitech International SA

Chardan analyst Brian Dobson is optimistic about Valens Semiconductor Ltd's (NYSE:VLN) collaboration with Logitech International SA (NASDAQ:LOGI). He acknowledges that the collaboration provides an implicit stamp of approval which should aid Valens in winning future business in the audio-video segment, representing 80% of revenue forecast for 2022E. VLN is joining forces with Logitech, an industry-leading electronics…

Logitech International SA (NASDAQ: LOGI) is likely to generate a compounded annual growth rate of 8% in revenues and 10% in EBITDA between fiscal 2022 and 2026, according to BofA Securities.

Wedbush analyst Michael Pachter upgraded Logitech International SA (NASDAQ:LOGI) to Outperform from Neutral with a $90 price target, implying an upside of 18.8%. Logitech must still face tough comparisons and a difficult supply chain environment before returning to a premium multiple. Pachter expects shares to quickly return to their five-year historical average multiple or higher…

Logitech International SA (NASDAQ:LOGI) reported a third-quarter FY22 sales decline of 2% year-on-year to $1.63 billion, beating the consensus of $1.27 billion. Category sales grew 29% Y/Y in Keyboards & Combos and 8% Y/Y in Pointing Devices and Gaming. Video Collaboration was down 2% Y/Y. Margins: The non-GAAP gross margin contracted 460 bps to…