Zacks Investment Research downgraded shares of LOGMEIN INC (LOGM) from OUTPERFORM to NEUTRAL on December 24, 2014, with a target price of $55.40.
LogMeIn Inc., with world headquarters located near Boston in Woburn, Massachusetts, is a leading provider of on-demand, remote-connectivity and support solutions to small businesses, IT service providers and consumers. The company also has its European headquarters in Amsterdam, the Netherlands, and a development center in Budapest, Hungary. LogMeIn's software-as-a-service suite of solutions includes capabilities for on-demand customer support of PCs, smartphones and other devices, systems administration, remote access, remote control, file-sharing, virtual private networking, data back-up and online meeting. Its solutions, which are deployed on-demand and accessible through a Web browser, are secure, scalable and easy for its customers to try, purchase and use. The company's vision is to improve mobility, business productivity and connectivity through its Connectivity as a ServiceSM solutions.
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