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Logitech International

Logitech was founded in 1981 and is headquartered in Lausanne, Switzerland. The company specializes in designing and manufacturing computer peripherals such as mice, keyboards, webcams, conference room cameras, headsets, and music-related products such as wireless speakers.

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Logitech International S.A. (NASDAQ: LOGI) recently unveiled its latest keyboard innovation, the POP Icon Keys, aimed at blending sleek aesthetics with high performance to create the perfect workspace tool for modern professionals.

Logitech Merges Style With Productivity by Unveiling POP Icon Keys

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Logitech International shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral and lowere dits price target from $114 to $92.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>B of A Securities analyst Adam Angelov downgraded the rating for Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) from Buy to Neutral and lowered the price target from $114 to $92. Logitech shares closed at $84.39 on Friday. See how other analysts view this stock.</li>
<li>Mizuho analyst William Janela downgraded Northern Oil and Gas, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) from Outperform to Neutral and maintained the price target of $47. Northern Oil &amp; Gas shares closed at $40.71 on Friday. <a href="https://www.benzinga.com/quote/NOG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Exane BNP Paribas analyst Andrew Grobler downgraded the rating for Robert Half Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHI#NYSE">RHI</a>) from Outperform to Underperform and announced a $64 price target. Robert Half shares closed at $76.10 on Friday. See how other analysts view this stock.</li>
<li>Goldman Sachs analyst Jamie Perse downgraded Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) from Buy to Neutral and lowered the price target from $196 to $140. Tenet Healthcare shares closed at $136.71 on Friday. <a href="https://www.benzinga.com/quote/THC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Philippe Houchois downgraded Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) from Hold to Underperform and slashed the price target from $12 to $9. Ford shares closed at $10.39 on Friday. <a href="https://www.benzinga.com/quote/F/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying Ford stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="612" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16071010/image-124-1024x612.png" alt="" class="wp-image-693633" style="width:631px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16071010/image-124-1024x612.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16071010/image-124-300x179.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16071010/image-124-768x459.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16071010/image-124.png 1123w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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B of A Securities analyst Adam Angelov downgrades Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) from Buy to Neutral and lowers the price target from $114 to $92.

B of A Securities Downgrades Logitech International to Neutral, Lowers Price Target to $92

Logitech G Partners With Airdrop Gaming To Enhance Accessibility For Deaf And Hard Of Hearing Gamers

UBS analyst Joern Iffert upgrades Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) from Sell to Neutral.

Upgrades

UBS Upgrades Logitech International to Neutral

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Loop Capital analyst Ananda Baruah maintains Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) with a Hold and lowers the price target from $88 to $81.

Loop Capital Maintains Hold on Logitech International, Lowers Price Target to $81

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Shares of technology companies are trading lower possibly amid overall market weakness. The sector might also be down amid a rise in treasury yields.

Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) reported better-than-expected second-quarter FY25 results on Tuesday.
Revenue rose 6% (both reported and constant currencies) to $1.116 billion, marginally exceeding the consensus of $1.11 billion. Adjusted EPS of $1.20 beat the consensus of $0.99.
The company raised its FY25 sales outlook to $4.39 billion -$4.47 billion, up 2% – 4% (from the previously expected $4.34 billion – $4.43 billion) versus the consensus of $4.512 billion. Logitech now sees an adjusted operating income of $720 million – $750 million (versus $700 million – $730 million prior view).
Hanneke Faber, chief executive officer, said, "Growth was broad-based, across regions, categories, and both our consumer and business customers. We launched a terrific set of innovations in the quarter and we are ready for the holidays."
Logitech shares fell 4.4% to trade at $80.26 on Wednesday.
These analysts made changes to their price targets on Logitech following earnings announcement.
<ul>
<li>Barclays analyst Tim Long maintained Logitech International with an Overweight and lowered the price target from $105 to $103.</li>
<li>JP Morgan analyst Samik Chatterjee maintained the stock with a Neutral and lowered the price target from $98 to $93.</li>
<li>Wedbush analyst Alicia Reese reiterated Logitech International with a Neutral and maintained a price target of $88.</li>
</ul>
Considering buying LOGI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="529" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23141018/image-220-1024x529.png" alt="" class="wp-image-610437" style="width:718px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23141018/image-220-1024x529.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23141018/image-220-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23141018/image-220-768x397.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23141018/image-220.png 1211w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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JP Morgan analyst Samik Chatterjee maintains Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) with a Neutral and lowers the price target from $98 to $93.

JP Morgan Maintains Neutral on Logitech International, Lowers Price Target to $93

Wedbush analyst Alicia Reese reiterates Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) with a Neutral and maintains $88 price target.

Reiteration

Wedbush Reiterates Neutral on Logitech International, Maintains $88 Price Target

Barclays analyst Tim Long maintains Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) with a Overweight and lowers the price target from $105 to $103.

Barclays Maintains Overweight on Logitech International, Lowers Price Target to $103

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining around 0.2% on Tuesday.
The Dow traded up 0.08% to 42,963.84 while the NASDAQ gained 0.18% to 18,573.16. The S&amp;P 500, however, fell 0.02% to 5,852.75 during the session.
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Leading and Lagging Sectors Consumer staples shares rose by 0.8% on Tuesday.
In trading on Monday, industrials shares fell by 1%.
Top Headline
Shares of Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) fell around 5% on Tuesday after it reported fiscal third-quarter results.
Its sales growth was flat year over year, reaching $33.33 billion, marginally missing the analyst consensus estimate of $33.43 billion. Service and other revenue growth was offset by declines in wireless equipment revenue. Adjusted EPS of $1.19 beat the analyst consensus estimate of $1.18.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>iRhythm Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRTC#NASDAQ">IRTC</a>) shares shot up 22% to $75.59 after the company announced that it was granted FDA clearance for its 510(k) submission related to prior design changes made to the Zio AT device.</li>
<li>Shares of Mueller Industries, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>) got a boost, surging 16% to $83.35 after the company reported better-than-expected third-quarter sales results.</li>
<li>Sangamo Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) shares were also up, gaining 37% to $1.2499 after the company announced the FDA approved an accelerated pathway for ST-920 in Fabry disease. A BLA submission is expected in 2025.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Genuine Parts Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) shares dropped 19% to $115.37 after the company reported mixed third-quarter financial results and cut its FY24 EPS below estimates.</li>
<li>Shares of Polaris Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) were down 8% to $73.50 after the company reported worse-than-expected third-quarter EPS and sales and cut its 2024 guidance.</li>
<li>Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) was down, falling 8% to $84.04 following second-quarter results.</li>
</ul>
Commodities In commodity news, oil traded up 2.1% to $72.06 while gold traded up 0.8% at $2,761.40.
Silver traded up 2.9% to $35.050 on Tuesday, while copper rose 0.7% to $4.3890.
Euro zone
European shares closed mostly lower today. The eurozone's STOXX 600 fell 0.21%, Germany's DAX fell 0.20% and France's CAC 40 fell 0.01%. Spain's IBEX 35 Index fell 0.07%, while London's FTSE 100 fell 0.14%.
Passenger car registrations in the European Union fell by 6.1% year-over-year to 809,163 units in September following a 18.3% decline in August.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 falling 1.39%, Hong Kong's Hang Seng Index gaining 0.1%, China's Shanghai Composite Index gaining 0.54% and India's BSE Sensex falling 1.15%.
The annual inflation rate in Hong Kong fell to 2.2% in September from 2.5% in the prior month.
Economics
The composite manufacturing index in the US Fifth District came in at -14 for October compared to a reading of -21 in the prior month.
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U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 50 points on Tuesday.
The Dow traded down 0.09% to 42,891.94 while the NASDAQ slipped 0.28% to 18,488.16. The S&amp;P 500 also fell, dropping, 0.30% to 5,836.28.
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Leading and Lagging Sectors Energy shares rose by 0.5% on Tuesday.
In trading on Monday, industrials shares fell by 1.1%.
Top Headline
3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) reported better-than-expected third-quarter adjusted EPS and sales and revised FY24 EPS guidance.
The company reported net sales of $6.294 billion, a slight increase of 0.4% year-over-year. Adjusted net sales totaled $6.068 billion, up 1.5% on year and marginally beating the consensus of $6.057 billion. Adjusted EPS was $1.98, up 18% Y/Y, beating the consensus of $1.90.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>iRhythm Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRTC#NASDAQ">IRTC</a>) shares shot up 20% to $74.21 after the company announced that it was granted FDA clearance for its 510(k) submission related to prior design changes made to the Zio AT device.</li>
<li>Shares of Mueller Industries, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>) got a boost, surging 16% to $83.91 after the company reported better-than-expected third-quarter sales results.</li>
<li>Sangamo Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) shares were also up, gaining 40% to $1.2787 after the company announced the FDA approved an accelerated pathway for ST-920 in Fabry disease. A BLA submission is expected in 2025.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Genuine Parts Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) shares dropped 20% to $114.60 after the company reported mixed third-quarter financial results and cut its FY24 EPS below estimates.</li>
<li>Shares of Polaris Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) were down 11% to $71.71 after the company reported worse-than-expected third-quarter EPS and sales and cut its 2024 guidance.</li>
<li>Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) was down, falling 10% to $83.01 following second-quarter results.</li>
</ul>
Commodities In commodity news, oil traded up 2.8% to $72.54 while gold traded up 0.5% at $2,753.70.
Silver traded up 2.4% to $34.900 on Tuesday, while copper rose 0.3% to $4.3745.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.21%, Germany's DAX fell 0.20% and France's CAC 40 fell 0.01%. Spain's IBEX 35 Index fell 0.07%, while London's FTSE 100 fell 0.14%.
Passenger car registrations in the European Union fell by 6.1% year-over-year to 809,163 units in September following a 18.3% decline in August.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 falling 1.39%, Hong Kong's Hang Seng Index gaining 0.1%, China's Shanghai Composite Index gaining 0.54% and India's BSE Sensex falling 1.15%.
The annual inflation rate in Hong Kong fell to 2.2% in September from 2.5% in the prior month.
Economics
The composite manufacturing index in the US Fifth District came in at -14 for October compared to a reading of -21 in the prior month.
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Logitech CEO Says Company Raised Guidance On Back Of Stronger Demand And Better Profit Margins; Significant Part Of Demand Growth Is Due To New Products

Logitech CEO Says Q2 Was Another Strong Quarter Of High-Quality Growth; Company Delivered 'Fantastic Bundle Of Innovation" And Made Good Progress In B2b Business During Q2; Not Concerned By Weak Growth In Pointing Devices; Company Gained Market Share And Expects Demand To Return; Expects Global Consumer To Be 'Resilient' In Pre-Christmas Quarter

Global

Logitech CEO Says Expects Computer Peripherals Market Overall To Increase In Low Single Digit Percentage Range In Oct-Dec Quarter; Sees European Market Demand As Flattish; Higher Consumer Demand In China; Company Investing In Dedicated R&D And Marketing To Grow China Business

Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) shares are trading lower after it&nbsp;reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41442365/logitech-announces-q2-fiscal-year-2025-results" rel="noreferrer noopener">second-quarter&nbsp;FY25 results</a>.
Revenue rose&nbsp;6%&nbsp;(both reported and constant currencies) to&nbsp;$1.116 billion, marginally exceeding the consensus of&nbsp;$1.11 billion.
By category, sales in Video Collaboration rose&nbsp;5%, Gaming increased&nbsp;7%, while Keyboards &amp; Combos sales and Pointing Devices were up by&nbsp;8% and&nbsp;2%,&nbsp;respectively.
Adjusted gross margin expanded to&nbsp;44.1%&nbsp;from&nbsp;42.0%&nbsp;a year ago. Adjusted operating income grew&nbsp;5%&nbsp;to&nbsp;$193&nbsp;million&nbsp;in the quarter.
Adjusted EPS of&nbsp;$1.20 beat&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the consensus of&nbsp;$0.99</a>.
Logitech held over&nbsp;$1.36 billion&nbsp;in cash and equivalents as of September 30 and generated&nbsp;$166&nbsp;million&nbsp;in operating cash flow in the quarter.
In the quarter, Logitech returned&nbsp;$340&nbsp;million&nbsp;to shareholders through share repurchases and dividends.
FY25&nbsp;Outlook:&nbsp;The company raised its sales outlook to $4.39 billion&nbsp;-$4.47 billion, up 2% &#8211; 4%&nbsp;(from the previously expected $4.34 billion &#8211; $4.43 billion) versus <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">the consensus of $4.512 billion</a>.
Logitech now sees an adjusted operating income of $720 million &#8211; $750 million&nbsp;(versus <a target="_blank" href="https://www.benzinga.com//node/39897165" rel="noreferrer noopener">$700 million &#8211; $730 million prior view</a>).
Hanneke Faber,&nbsp;chief executive&nbsp;officer,&nbsp;said, &#8220;Growth was broad-based, across regions, categories, and both our consumer and business customers. We launched a terrific set of innovations in the quarter and we are ready for the holidays.&#8221;
Price Action: LOGI shares are down 9.38% at $83.18 at the last check Tuesday.
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U.S. stock futures were lower this morning, with the Nasdaq futures falling around 100 points on Tuesday.
Shares of The Sherwin-Williams Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) fell in today's pre-market trading after the company reported third-quarter adjusted EPS and sales <a href="https://www.benzinga.com/quote/SHW/earnings">below analyst estimates.</a>
Sherwin-Williams posted adjusted earnings of $3.37 per share, missing market estimates of $3.54 per share. The company posted sales of $6.162 billion, missing market estimates of $6.201 billion.
The Sherwin-Williams shares dipped 8.3% to $350.01 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Medpace Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) shares dipped 11.3% to $313.00 in pre-market trading after the company reported worse-than-expected third-quarter sales results.</li>
<li>Genuine Parts Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) fell 9.2% to $130.00 in pre-market trading after reporting weak quarterly earnings.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) fell 8.3% to $25.10 in pre-market trading after the company announced an offering of 1,398,602 units.</li>
<li>ATN International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATNI#NASDAQ">ATNI</a>) shares declined 8.1% to $29.30. ATN International will release third quarter results on Tuesday, Oct. 29.</li>
<li>Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) shares fell 8.1% to $84.21 following second-quarter results.</li>
<li>UP Fintech Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) fell 6.9% to $6.92 in pre-market trading. UP Fintech announced a proposed follow-on public offering of American Depositary Shares.</li>
</ul>
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Sherwin-Williams Posts Weak Results, Joins Logitech And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Logitech International shares are trading lower. The company reported Q2 financial results.

Camtek shines after reporting record-high Q3 revenue

UBS upgraded Logitech (LOGI) to Neutral from Sell. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial ...

Logitech upgraded to Neutral from Sell at UBS

UBS upgraded Logitech (LOGI) to Neutral from Sell with a price target of CHF 68, up from CHF 65. The firm sees an improved risk/reward post the rec...

Logitech upgraded to Neutral after recent selloff at UBS

Logitech slips even as UBS upgrades on 'balanced' risk-reward

Logitech: Margin Expansion Offers Valuation Opportunity

The gaming peripheral industry is thriving due to the rising popularity of immersive games. Amid this, let's compare Corsair Gaming (CRSR) and Logitech (LOGI) to analyze which gaming peripheral stock is a better play. Read on to find out… The increasing popularity of immersive and realistic games drives the global gaming peripherals market. Due to the booming gaming industry, the market is further expanding due to the rising demand for gaming peripherals, including headsets, joysticks, mice, keyboards, and gamepads. The global gaming peripherals market is expected to grow at a <a href="https://www.imarcgroup.com/gaming-peripherals-market#:~:text=The%20global%20gaming%20peripherals%20market%20was%20valued%20at%20US%24%204.8,7.25%25%20during%202024%2D2032.">CAGR of 7.3%</a> by 2032.
Furthermore, <a href="https://www.giiresearch.com/report/sky1605321-gaming-peripheral-market-size-share-growth.html">technological innovations</a>, including customizable RGB lighting, ergonomic designs, and sophisticated sensor technologies, have spurred advancements in the sector. The continuous evolution of gaming platforms-including PC, console, and mobile-provides a plethora of opportunities for peripheral manufacturers to address diverse user preferences. 
Against this backdrop, let's compare two established gaming stocks to analyze which gaming peripheral stock is a better play: Corsair Gaming, Inc. (<a href="https://stocknews.com/stock/CRSR/">CRSR</a>) and Logitech International S.A. (<a href="https://stocknews.com/stock/LOGI/">LOGI</a>).
The Case for Corsair Gaming, Inc. stock
Valued at $803.57 million by market cap, Corsair Gaming, Inc. (<a href="https://stocknews.com/stock/CRSR/">CRSR</a>) designs, develops, markets, and sells gaming and streaming peripherals, components, and systems in the Americas, Europe, the Middle East, and the Asia Pacific.
CRSR's stock has declined 39.7% over the past nine months but gained 31.7% over the past three months to close the last trading session at $7.68.
In terms of the trailing-12-month gross profit margin, CRSR's 24.40% is 51.4% lower than the 50.24% industry average. Likewise, its 0.53% trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a> is 94.8% lower than the industry average of 10.24%.
CRSR's net revenue for the third quarter that ended September 30, 2024, declined 16.2% year-over-year to $304.20 million. The company's net loss and net loss per share attributable to common stockholders of CRSR came in at $58.40 million and $0.56, up significantly from the prior year's quarter, respectively.
Street expects CRSR's revenue for the quarter ending December 2024 to decline 6.7% year-over-year to $389.47 million. The company's EPS for the same quarter is expected to decline 26.4% year-over-year to $0.16. Moreover, the company failed to surpass consensus EPS estimates in each of the trailing four quarters.
CRSR's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect mixed prospects. It has an overall rating of C, which translates to a Neutral in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
CRSR is ranked #31 out of 40 stocks in the <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry. It has a C grade for Growth, Momentum, Sentiment, Quality, and Stability. To see CRSR's Value ratings, <a href="https://stocknews.com/stock/CRSR/">click here</a>.
The Case for Logitech International S.A. Stock
Valued at $12.92 billion by market cap, Logitech International S.A. (<a href="https://stocknews.com/stock/LOGI/">LOGI</a>)  designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide.
LOGI's stock has gained 9.5% over the past month to close the last trading session at $84.63.
In terms of the trailing-12-month EBIT margin, LOGI's 15.12% is 179.3% higher than the 5.41% industry average. Likewise, its 16.87% trailing-12-month EBITDA margin is 64.7% higher than the industry average of 10.24%.
LOGI's net sales for the second quarter that ended September 30, 2024, came in at $1.12 billion, up 10.9% year-over-year. Its non-GAAP operating income rose 5.2% year-over-year to $192.77 million. Its non-GAAP net income increased 6.2% year-over-year to $184.09 million, and its non-GAAP net income per share grew 10.1% over the previous year's quarter to $1.20.
Analysts expect LOGI's revenue for the year ending March 2025 to increase 3.9% year-over-year to $4.46 billion. Its EPS is expected to grow 6.9% year-over-year to $4.54 for the same quarter. Moreover, the company surpassed EPS estimates in each of the four trailing quarters.
LOGI's robust fundamentals are reflected in its POWR Ratings. The stock has an overall B rating, translating to a Buy in our proprietary rating system.
LOGI has an A grade in Quality and a B for Momentum and Sentiment. It is ranked #18 in the same industry.
<a href="https://stocknews.com/stock/LOGI/">Click here</a> for the additional POWR Ratings for LOGI (Growth, Stability, and Value).
Corsair Gaming (CRSR) vs. Logitech (LOGI): Which Gaming Peripheral Stock Is a Better Play?
The gaming peripheral industry is experiencing robust growth, fueled by increasing consumer interest in immersive gaming experiences, technological advancements, and the expanding global gaming community.
Leading gaming companies, such as CRSR and LOGI, stand to capitalize on the optimistic industry outlook. However, LOGI's higher profitability and promising near-term outlook favor it as the better stock pick.
Our research shows that the odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Technology - Hardware industry <a href="https://stocknews.com/category/technology-hardware/">here</a>.
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LOGI shares were trading at $84.34 per share on Friday afternoon, down $0.29 (-0.34%). Year-to-date, LOGI has declined -11.28%, versus a 28.27% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/logi-crsr-corsair-gaming-crsr-vs-logitech-logi-which-gaming-peripheral-stock/>Corsair Gaming (CRSR) vs. Logitech (LOGI): Which Gaming Peripheral Stock Is a Better Play?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Corsair Gaming (CRSR) vs. Logitech (LOGI): Which Gaming Peripheral Stock Is a Better Play?

In a report released today, Joern Iffert from UBS maintained a Hold rating on Logitech (LOGI – Research Report), with a price target of CHF68.00. T...

UBS Remains a Hold on Logitech (LOGI)

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