We have issued an updated research report on Logitech International SA LOGI on Nov 30, 2015. The company has been intending to tap the high potential market for accessories by pursuing innovation and expanding its product lines.
In November 2015, Logitech collaborated with Apple Inc. AAPL for launching accessories that can be used in the latter’s latest offering, iPad Pro. The first accessory, Logi CREATE Backlit Keyboard Case, will be powered by Apple’s Smart Connector, which eliminates the need to use power for charging the keyboard. Priced at $149.99 , the keyboard is equipped with advanced features like full-size 19 mm keys, adjustable backlighting and an intuitive layout that will help users to enjoy full benefits of the iPad Pro’s huge workspace as well as iOS 9 features.
Additionally, the second accessory, Logi CREATE Protective Case with Any-angle Stand, has been designed for a perfect viewing angle within a 60-degree range. Priced at $79.99, the Protective Case has a light build to reduce the weight of the iPad Pro, thereby adding to the product’s commercial appeal.
Historically, Logtiech has manufactured innovative offerings like fastest performing mouse and keyboard switches, wireless mouse with longest battery among others. During the last reported quarter, the company launched a series of advanced products, which included a tenkeyless mechanical gaming keyboard; bluetooth keyboard and mouse; gaming headphones; CREATE Keyboard Case for iPad Pro; force feedback racing wheels; and MX Master Wireless Mouse and the MX Anywhere 2. Apart from these, Logitech is planning to launch a circle portable home connection camera in the future. Such developments indicate that Logitech’s future shines bright.
However, certain products of Logitech like tablets and related accessories have been witnessing a decline in sales over the past few quarters. Also, rising R&D expenses, economic challenges in Russia and Ukraine as well as currency fluctuations continue to pose a concern.
Over the last 7 days, the Zacks Consensus Estimate for fiscal 2016 and 2017 earnings per share remained stable at 66 cents and 77 cents, respectively. Consequently, Logitech currently carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
A couple of better-ranked stocks in the Computer Peripheral Equipment industry include Alps Electric Co. Ltd. APELY and Immersion Corporation IMMR, both carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment