113 days ago • Posted by Martin Boujol
Logitech stocks jumped in early Swiss trade
Logitech has a 57%-60% expected sales growth for 2021, vs. a 35%-40% previous expectation. The expected operating income went up from $700 million to an expected $1.05 billion. Their third-quarter operating income tripled to $448 million, with a sales growth of 80%, thanks to the rising demand for accessories such as webcams, tablets, video and audio wearables as well as gaming accessories. The stock closed at CHF 92.94 yesterday and opened at CHF 100.7 this morning, before setting down around the CHF 95 range.
Source: MarketWatch, Investing.com