Logitech International Stock (NASDAQ: LOGI)

Logitech International Stock (NASDAQ:LOGI), Trade Ideas

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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Shares of  Science Applications International Corporation (NYSE: SAIC) fell sharply during Monday’s session after the company reported financial fourth-quarter EPS below estimates.

Why Science Applications International Shares Are Trading Lower By Over 10%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

Pre-Market Outlook

ALTI

CLOV

GERN

IDAI

VJET

Shares of  Nuvei Corp (NASDAQ: NVEI) rose sharply in today’s pre-market trading following a report indicating the company is in buyout talks with Advent International.

Nuvei shares jumped 14.1% to $24.82 in pre-market trading

Why Nuvei Shares Are Trading Higher By Around 14%; Here Are 20 Stocks Moving Premarket

LOGI, Logitech

Equities

Large Cap

Management

Logitech CFO Chuck Boynton to depart in May, successor to be named later. FY24 outlook remains unchanged. Stock down 4.84% premarket.

Why Logitech Shares Are Down Premarket Monday

Logitech International S.A. - Registered Shares

Logitech International SA

LogicMark Inc

LOGICQUEST TECHNOLOGY INC by Logicquest Technology, Inc.

Logicquest Technology Inc

Logiq Inc

Logistec Corp

Logistec Corp Class A

Logistic Properties of the Americas Ordinary Shares

Logistic Properties of the Americas

LOGISTICS DEVELOPMENT GRP by Logistics Development Group plc

Logistics Development Group PLC

Logizard Co Ltd

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 $92 price target.

Price Target

Reiteration

Analyst Ratings

Wedbush Reiterates Neutral on Logitech International, Maintains $92 Price Target

Logitech Unveils Free New Tool That Helps Prompt Open AI's ChatGPT Faster And More Fluently

Deutsche Bank analyst George Brown downgrades Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) from Hold to Sell.

Downgrades

Deutsche Bank Downgrades Logitech International to Sell

WIIM

Logitech shares are trading lower after Morgan Stanley downgraded the stock from Equal-Weight to Underweight and lowered its price target from $85 to $75.

Morgan Stanley analyst Erik Woodring downgrades Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) from Equal-Weight to Underweight and lowers the price target from $85 to $75.

Morgan Stanley Downgrades Logitech International to Underweight, Lowers Price Target to $75

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fstreamlabs.com%2F&amp;esheet=53927378&amp;newsitemid=20240410691287&amp;lan=en-US&amp;anchor=Streamlabs&amp;index=1&amp;md5=03f765384b9bc2c3544b4fa6010345b6">Streamlabs</a>, a leading provider of live streaming tools and brand of Logitech (SIX: LOGN) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>), today launched a unique integration with TikTok LIVE to promote easy streaming to TikTok. Streamlabs now enables creators to go live on TikTok and customize their streams from one convenient place.

Logitech's Streamlabs Launches TikTok LIVE Integration to Power Seamless Streaming

It is a&nbsp;a compact, professional-grade keyboard that liberates valuable space to meet the evolving needs of pro-gamers.

Gaming

Tech

General

LOGITECH G Unveils The PRO X 60 Gaming Keyboard Featuring KEYCONTROL Technology

Citigroup analyst Asiya Merchant maintains Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) with a Neutral and raises the price target from $98 to $100.

Citigroup Maintains Neutral on Logitech International, Raises Price Target to $100

Shares of Science Applications International Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/saic#NYSE">SAIC</a>) fell sharply during Monday&rsquo;s session after the company reported financial fourth-quarter EPS below estimates.
SAIC reported a 12% revenue decline Y/Y in the fourth quarter of fiscal 2024 to $1.74 billion, beating the consensus of $1.64 billion. Adjusted EPS of $1.43 was in line with the consensus.
Science Applications International shares dipped 10.7% to $127.29 on Monday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Canoo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goev#NASDAQ">GOEV</a>) shares surged 95% to $3.77 after the US Department of Commerce has approved its Oklahoma City facility as a Foreign Trade Zone.</li>
<li>Solidion Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sti#NASDAQ">STI</a>) shares jumped 71.9% to $2.9910 after surging around 34% on Friday. The company, last week, announced the pricing of a $3.85 million private placement.</li>
<li>Verb Technology Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/verb#NASDAQ">VERB</a>) gained 53% to $0.6770, possibly on continued strength after it announced its Market.live launched Facebook and Instagram social shopping technology integration on Friday.</li>
<li>WaveDancer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wavd#NASDAQ">WAVD</a>) shares climbed 39.1% to $4.1461. WaveDancer and Firefly Neuroscience each received the requisite stockholder approvals required to consummate the merger between both companies.</li>
<li>Brand Engagement Network, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bnai#NASDAQ">BNAI</a>) climbed 33.7% to $14.14 after jumping 40% on Friday.</li>
<li>Wearable Devices Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wlds#NASDAQ">WLDS</a>) climbed 31.6% to $0.5863. Wearable Devices published a report by its XR team suggesting &#39;The Mudra Band Can Be The Neural Bridge For Apple And Meta In Their Next Wave Of Smart Glasses Interaction.&#39;</li>
<li>Leafly Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lfly#NASDAQ">LFLY</a>) rose 30.3% to $2.86.</li>
<li>Immuneering Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imrx#NASDAQ">IMRX</a>) surged 30.3% to $2.49. Immuneering recently announced topline result from the ongoing Phase 1 portion of its Phase 1/2a clinical trial of IMM-1-104 in advanced RAS-mutant solid tumors.</li>
<li>Nuvei Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvei#NASDAQ">NVEI</a>) rose 25.8% to $27.24 after the company said it was evaluating offers to go private.</li>
<li>Greenwave Technology Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gwav#NASDAQ">GWAV</a>) surged 25.4% to $0.38.</li>
<li>Fresh2 Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fres#NASDAQ">FRES</a>) gained 20.5% to $0.60.</li>
<li>NuScale Power Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smr#NYSE">SMR</a>) rose 21% to $9.50. Canaccord Genuity analyst George Gianarikas maintained NuScale Power with a Buy and raised the price target from $4.25 to $8.</li>
<li>EHang Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eh#NASDAQ">EH</a>) gained 17% to $17.90 after the company reportedly began selling its EH216-S flying taxi on Taobao.</li>
<li>AEye, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lidr#NASDAQ">LIDR</a>) gained 16.6% to $1.34. AEye is expected to release its financial results for the fourth quarter after the closing bell on March 26, 2024.</li>
<li>Aurora Cannabis Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acb#NASDAQ">ACB</a>) rose 16% to $3.69 after surging 10% on Friday.</li>
<li>Qurate Retail, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qrteb#NASDAQ">QRTEB</a>) surged 15.9% to $5.47.</li>
<li>Latham Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swim#NASDAQ">SWIM</a>) gained 15.7% to $3.32 after Stifel upgraded the stock from Hold to Buy and raised its price target from $3 to $4.</li>
<li>2seventy bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsvt#NASDAQ">TSVT</a>) climbed 13% to $4.52. The FDA Advisory Committee voted in favor of Bristol Myers Squibb&#39;s and 2seventy Bio&#39;s Abecma for triple-class exposed multiple myeloma in earlier lines of therapy.</li>
<li>Global Gas Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hgas#NASDAQ">HGAS</a>) shares rose 11.5% to $1.7399 after falling 25% on Friday.</li>
<li>D-Wave Quantum Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qbts#NYSE">QBTS</a>) gained 10.6% to $2.3005. D-Wave Quantum said it is expanding its executive team to supercharge both its go-to-market growth strategy and product innovation.</li>
<li>Tilray Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) surged 9.8% to $1.9001.</li>
<li>Graphjet Technology Sdn. Bhd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gti#NASDAQ">GTI</a>) rose 9.3% to $12.90.</li>
<li>Alphabet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) gained 6.3% to $150.09 following reports suggesting Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is in discussions to integrate Google <a href="https://www.benzinga.com/money/gemini-review/">Gemini</a> into iPhones.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Global Mofy Metaverse Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gmm#NASDAQ">GMM</a>) shares dipped 33.7% to $1.9503.</li>
<li>Sonder Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sond#NASDAQ">SOND</a>) fell 33% to $3.68 after the company announced a delay to its fourth quarter and full year 2023 financial results announcement, and issued fourth quarter and full year 2023 preliminary highlights.</li>
<li>Veritone, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/veri#NASDAQ">VERI</a>) dipped 21.2% to $3.06.</li>
<li>Worksport Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wksp#NASDAQ">WKSP</a>) fell 20.3% to $0.59 after the company announced pricing of $2.8 million registered direct offering &amp; concurrent private placement.</li>
<li>ReTo Eco-Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/reto#NASDAQ">RETO</a>) dipped 20% to $1.56.</li>
<li>TC Biopharm (Holdings) Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcbp#NASDAQ">TCBP</a>) declined 19.8% to $1.3469. TCBP announced exercise of Series D warrants for cash.</li>
<li>Solowin Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swin#NASDAQ">SWIN</a>) dipped 19.1% to $8.90 after reporting unaudited financial results for the first six months of fiscal year 2024.</li>
<li>XORTX Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xrtx#NASDAQ">XRTX</a>) declined 15.5% to $4.3750.</li>
<li>JOANN Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/joan#NASDAQ">JOAN</a>) shares fell 15.4% to $0.1949 after the company announced that it entered into an agreement to reduce its debt and receive $132 million in new capital and related financial accommodations.</li>
<li>CARGO Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crgx#NASDAQ">CRGX</a>) fell 15% to $26.65.</li>
<li>Chijet Motor Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cjet#NASDAQ">CJET</a>) shares tumbled 12.2% to $0.43 after gaining 52% on Friday.</li>
<li>Legacy Housing Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/legh#NASDAQ">LEGH</a>) fell 11.7% to $22.25 after the company reported worse-than-expected fourth-quarter financial results.</li>
<li>B. Riley Financial, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rily#NASDAQ">RILY</a>) fell 11.5% to $15.56. B. Riley Financial failed to file its audited results after the end of extension period.</li>
<li>Getty Images Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gety#NYSE">GETY</a>) dipped 11.1% to $4.5950. Getty Images recently reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance.</li>
<li>GeneDx Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wgs#NASDAQ">WGS</a>) fell 11.1% to $ 10.68.</li>
<li>MMTec, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtc#NASDAQ">MTC</a>) dipped 10.5% to $1.97 after jumping 38% on Friday.</li>
<li>Summit Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smmt#NASDAQ">SMMT</a>) dipped 9.8% to $ 4.1650.</li>
<li>Nanobiotix S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nbtx#NASDAQ">NBTX</a>) fell 9.8% to $6.27 after gaining 10% on Friday.</li>
<li>Li Auto Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/li#NASDAQ">LI</a>) declined 9.7% to $34.11 after gaining around 3% on Friday.</li>
<li>Shift4 Payments, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/four#NASDAQ">FOUR</a>) fell 9.2% to $70.37. The company&rsquo;s CEO Jared Isaacman said bids from potential contenders failed to sufficiently value the firm, according to Bloomberg News.</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 $87.06 after the company announced the departure of CFO Chuck Boynton and reaffirmed 2024 financial guidance.</li>
<li>Hertz Global Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htz#NASDAQ">HTZ</a>) fell 8% to $6.97.</li>
<li>Roblox Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rblx#NYSE">RBLX</a>) fell 6.5% to $36.68.</li>
<li>New York Community Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nycb#NASDAQ">NYCB</a>) dipped 6.4% to $3.6550 after Raymond James downgraded the stock from Market Perform to Underperform.</li>
</ul>
&nbsp;
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Why Science Applications International Shares Are Trading Lower By Over 10%? Here Are Other Stocks Moving In Monday's Mid-Day Session

Logitech shares are trading lower after the company announced the departure of CFO Chuck Boynton and reaffirmed 2024 financial guidance.

Shares of Nuvei Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvei#NASDAQ">NVEI</a>) rose sharply in today&rsquo;s pre-market trading following a report indicating the company is in buyout talks with Advent International.
Nuvei shares jumped 14.1% to $24.82 in pre-market trading
Here are some other stocks moving in pre-market trading.
<h3>Gainers</h3>
<ul>
<li>Solidion Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sti#NASDAQ">STI</a>) shares gained 62.1% to $2.82 in pre-market trading after surging around 34% on Friday. The company, last week, announced the pricing of a $3.85 million private placement.</li>
<li>JOANN Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/joan#NASDAQ">JOAN</a>) shares rose 42.6% to $0.3285 in pre-market trading. JOANN entered into an agreement to reduce debt and receive $132 million in new capital and related financial accommodations.</li>
<li>Brand Engagement Network, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bnai#NASDAQ">BNAI</a>) rose 47.7% to $15.60 in pre-market trading after jumping 40% on Friday.</li>
<li>2seventy bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsvt#NASDAQ">TSVT</a>) climbed 31% to $5.24 in pre-market trading. The FDA Advisory Committee voted in favor of Bristol Myers Squibb&#39;s and 2seventy Bio&#39;s Abecma for triple-class exposed multiple myeloma in earlier lines of therapy.</li>
<li>voxeljet AG (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vjet#NASDAQ">VJET</a>) gained 27.9% to $0.5999 in pre-market trading. The company recently announced it will voluntarily delist its ADSs from Nasdaq and deregister its ADSs. The company also announced the restatement and extension of its loan financing with Anzu.</li>
<li>Global Gas Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hgas#NASDAQ">HGAS</a>) shares rose 21.8% to $1.90 in pre-market trading after falling 25% on Friday.</li>
<li>AEye, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lidr#NASDAQ">LIDR</a>) gained 21.6% to $1.40 in pre-market trading. AEye is expected to release its financial results for the fourth quarter after the closing bell on March 26, 2024.</li>
<li>Aurora Cannabis Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acb#NASDAQ">ACB</a>) rose 15.4% to $3.67 in pre-market trading after surging 10% on Friday.</li>
<li>T Stamp Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idai#NASDAQ">IDAI</a>) shares gained 13.2% to $1.21 in pre-market trading.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>MMTec, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtc#NASDAQ">MTC</a>) dipped 15.3% to $1.8601 in pre-market trading after jumping 38% on Friday.</li>
<li>B. Riley Financial, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rily#NASDAQ">RILY</a>) fell 11% to $15.65 pre-market trading. B. Riley Financial failed to file its audited results after the end of extension period.</li>
<li>Nanobiotix S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nbtx#NASDAQ">NBTX</a>) fell 10.8% to $6.19 in pre-market trading after gaining 10% on Friday.</li>
<li>Clover Health Investments, Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clov#NASDAQ">CLOV</a>) fell 9.7% to $0.72 in pre-market trading after surging 10% on Friday.</li>
<li>Shift4 Payments, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/four#NASDAQ">FOUR</a>) fell 9.1% to $70.50 pre-market trading. The company&rsquo;s CEO Jared Isaacman said bids from potential contenders failed to sufficiently value the firm, according to Bloomberg News.</li>
<li>Li Auto Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/li#NASDAQ">LI</a>) declined 5.8% to $35.57 in pre-market trading after gaining around 3% on Friday.</li>
<li>AlTi Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alti#NASDAQ">ALTI</a>) shares tumbled 6.7% to $5.90 in pre-market trading. AlTi Global posted a loss of 87 cents per share for the fourth quarter, versus a year-ago loss of 21 cents per share. The company&rsquo;s quarterly sales came in at $91.71 million.</li>
<li>Geron Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gern#NASDAQ">GERN</a>) shares fell 5.1% to $3.19 in pre-market trading after jumping 92% on Friday. The company announced that the FDA Oncologic Drugs Advisory Committee voted in favor of the clinical benefit/risk profile of imetelstat for the treatment of transfusion-dependent anemia in adult patients with low-to-intermediate-1 risk myelodysplastic syndromes.</li>
<li>Logitech International S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/logi#NASDAQ">LOGI</a>) shares fell 4.8% to $90.14 in pre-market trading. Logitech announced the departure of CFO Chuck Boynton and reaffirmed its 2024 financial outlook.</li>
<li>Chijet Motor Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cjet#NASDAQ">CJET</a>) shares tumbled 12.2% to $0.43 after gaining 52% on Friday.</li>
</ul>
&nbsp;
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Logitech International S.A.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) shares are trading lower premarket Monday after the company disclosed the departure of chief financial officer (CFO)&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37770316/logitech-announces-cfo-departure" rel="noreferrer noopener">Charles &#8216;Chuck&#8217; Boynton in May</a>.
Boynton will be departing the company to pursue another career opportunity and will continue to be with the company as CFO through mid-May.&nbsp;
Logitech plans to name his successor at a later date.
Hanneke Faber, chief executive officer, said, &#8220;We thank Chuck for his financial leadership during his time at Logitech. We wish him well in his next role. We look forward to carrying forward Logitech&#8217;s strong track record of growth, financial rigor and operational excellence instilled across the organization.&#8221;
The company also confirmed its previously disclosed FY24 outlook for sales of $4.20 billion – $4.25 billion vs. consensus: $4.252 billion and adjusted operating income of&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/01/36732981/why-logitech-shares-are-trading-lower-premarket-tuesday" rel="noreferrer noopener">$610 million – $660 million</a>.
At that time, Logitech said that while the net sales decline rate has improved, several headwinds and uncertainties may impact<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">&nbsp;its net sales throughout FY25</a>.&nbsp;
Price Action: LOGI shares are down 5.69% at $89.33 premarket on the last check Monday.
Photo via Wikimedia Commons

U.S. stock futures were mostly higher this morning, with the Nasdaq futures gaining by around 100 points on Monday.
Shares of Logitech International S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/logi#NASDAQ">LOGI</a>) fell in <a href="https://www.benzinga.com/quote/LOGI/news">today&rsquo;s pre-market trading.</a>
Logitech announced the departure of CFO Chuck Boynton and reaffirmed its 2024 financial outlook.
Logitech International shares declined 4.8% to $90.14in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>B. Riley Financial, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rily#NASDAQ">RILY</a>) shares dipped 11% to $15.65 pre-market trading. B. Riley Financial failed to file its audited results after the end of extension period.</li>
<li>Nanobiotix S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nbtx#NASDAQ">NBTX</a>) shares tumbled 10.8% to $6.19 in pre-market trading after gaining 10% on Friday.</li>
<li>Shift4 Payments, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/four#NASDAQ">FOUR</a>) dipped 9.1% to $70.50 pre-market trading. The company&rsquo;s CEO Jared Isaacman said bids from potential contenders failed to sufficiently value the firm, according to Bloomberg News.</li>
<li>AlTi Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alti#NASDAQ">ALTI</a>) shares fell 6.7% to $5.90 in pre-market trading. AlTi Global posted a loss of 87 cents per share for the fourth quarter, versus a year-ago loss of 21 cents per share. The company&rsquo;s quarterly sales came in at $91.71 million.</li>
<li>Li Auto Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/li#NASDAQ">LI</a>) fell 5.8% to $35.57 in pre-market trading after gaining around 3% on Friday.</li>
<li>Geron Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gern#NASDAQ">GERN</a>) shares declined 5.1% to $3.19 in pre-market trading after jumping 92% on Friday. The company announced that the FDA Oncologic Drugs Advisory Committee voted in favor of the clinical benefit/risk profile of imetelstat for the treatment of transfusion-dependent anemia in adult patients with low-to-intermediate-1 risk myelodysplastic syndromes.</li>
<li>Sibanye Stillwater Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sbsw#NYSE">SBSW</a>) shares fell 3.8% to $4.35 in pre-market trading.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/03/37770309/investor-sentiment-falls-further-s-p-500-records-second-weekly-loss"> Investor Sentiment Falls Further, S&amp;P 500 Records Second Weekly Loss</a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

SBSW

Logitech, B. Riley Financial And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Logitech Announces Departure Of CFO Chuck Boynton, Successor To Be Announced; Reaffirms 2024 Financial Outlook

Berenberg analyst Lucas Glemser initiates coverage on Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) with a Buy rating and announces Price Target of $111.

Initiation

Berenberg Initiates Coverage On Logitech International with Buy Rating, Announces Price Target of $111

Logitech Disclosed That Its Second Annual Future Positive Challenge Is Now Accepting Applications For The 2024 Season

Barclays analyst George Kelly maintains Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) with a Overweight and raises the price target from $96 to $104.

Barclays Maintains Overweight on Logitech International, Raises Price Target to $104

Morgan Stanley analyst Erik Woodring maintains Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) with a Equal-Weight and raises the price target from $83 to $85.

Morgan Stanley Maintains Equal-Weight on Logitech International, Raises Price Target to $85

Investors with significant funds have taken a bullish position in Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>), a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in LOGI usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 10 options transactions for Logitech International. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 60% being bullish and 40% bearish. Of all the options we discovered, 9 are puts, valued at $506,153, and there was a single call, worth $37,170.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $80.0 to $97.5 for Logitech International during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Logitech International options trades today is 91.0 with a total volume of 796.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Logitech International's big money trades within a strike price range of $80.0 to $97.5 over the last 30 days.
<h3>Logitech International Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1706112952_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LOGI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$97.50</td>
<td>$107.9K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">85</td>
</tr>
<tr>
<td>LOGI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$90.00</td>
<td>$71.4K</td>
<td style="text-align: right;">37</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>LOGI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$80.00</td>
<td>$70.9K</td>
<td style="text-align: right;">58</td>
<td style="text-align: right;">165</td>
</tr>
<tr>
<td>LOGI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$90.00</td>
<td>$70.5K</td>
<td style="text-align: right;">37</td>
<td style="text-align: right;">135</td>
</tr>
<tr>
<td>LOGI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$92.50</td>
<td>$55.8K</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">38</td>
</tr>
</tbody>
</table>

<h3>About Logitech International</h3>
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.
Having examined the options trading patterns of Logitech International, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Logitech International Standing Right Now?</h3>
<ul>
<li>With a trading volume of 311,302, the price of LOGI is up by 3.15%, reaching $87.53.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 96 days from now.</li>
</ul>
<h3>Expert Opinions on Logitech International</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $90.66666666666667.
<ul>
<li>An analyst from Wedbush persists with their Neutral rating on Logitech International, maintaining a target price of $92. </li>
<li>Consistent in their evaluation, an analyst from Wedbush keeps a Neutral rating on Logitech International with a target price of $90. </li>
<li>An analyst from Wedbush downgraded its action to Neutral with a price target of $90. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Logitech International, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Market Whales and Their Recent Bets on LOGI Options

Wedbush analyst Alicia Reese maintains Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) with a Neutral and raises the price target from $90 to $92.

Wedbush Maintains Neutral on Logitech International, Raises Price Target to $92

Weak iPhone sales, heightened competition in China, an antitrust lawsuit by the U.S. Department of Justice, and fines over anticompetitive app store policies in Europe have pressured Apple (AAPL) shares. Should investors look to buy the stock now? Read on to learn my view... iPhone maker Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>) shares have declined 11.7% year-to-date. Investor sentiments have been hit due to concerns over softer demand in China, falling sales, and increased competition. AAPL's earnings and revenue for the second quarter are also expected to miss the consensus estimates.
In this piece, I have discussed why it could be wise to wait for a better entry point in the stock.
The Cupertino-based giant has faced several challenges of late, including slowing demand in one of its biggest markets, China. According to a Bloomberg report, AAPL's iPhone shipments in China fell by about <a href="https://www.bloomberg.com/news/articles/2024-03-26/iphone-china-shipments-fell-about-33-in-feb-state-data-show">33% in February 2024</a> compared to last year. In China, it is facing stiff competition from domestic brands like Huawei and Xiaomi. AAPL is also struggling due to a slowdown in smartphone demand worldwide.
The company is also subject to an <a href="https://www.justice.gov/opa/pr/justice-department-sues-apple-monopolizing-smartphone-markets">antitrust lawsuit</a> filed by the US Justice Department. The lawsuit alleges that the iPhone maker illegally exercises its monopoly over smartphones, kicking out competitors, smothering innovation, and imposing extraordinary costs on developers, businesses, and consumers.
Loop Capital analyst Ananda Baruah reiterated his "hold" rating on the stock but cut his price target to <a href="https://finance.yahoo.com/video/loop-capital-cuts-apples-price-195419042.html">$170 from $185</a>. Amidst the gloom, investors would be looking forward to seeing the kind of innovation AAPL brings in generative AI. CEO Tim Cook said the company is investing significantly in AI and will break new ground in <a href="https://www.cnbc.com/2024/02/01/tim-cook-teases-apple-ai-announcement-later-this-year.html">generative AI later this year</a>.
Here's what could influence AAPL's performance in the upcoming months:
Robust Financials
AAPL's total net sales for the fiscal first quarter ended December 30, 2023, increased 2.1% year-over-year to $119.58 billion. Its gross margin rose 9% over the prior-year quarter to $54.86 billion. The company's net income increased 13.1% year-over-year to $33.92 billion. In addition, its EPS came in at $2.18, representing an increase of 16% year-over-year. Also, its cash generated by operating activities rose 17.3% year-over-year to $39.90 billion.
Mixed Analyst Estimates
Analysts expect AAPL's EPS and revenue for fiscal 2024 to increase 7.2% and 1.3% year-over-year to $6.57 and $388.32 billion, respectively. Its EPS and revenue for fiscal 2025 are expected to increase 9% and 6.2% year-over-year to $7.16 and $412.54 billion, respectively.
Its EPS and revenue for the quarter ended March 31, 2024, are expected to decline 0.7% and 4.1% year-over-year to $1.51 and $90.98 billion, respectively.
Stretched Valuation
In terms of forward non-GAAP P/E, AAPL's 25.89x is 3.1% higher than the 25.10x industry average. Its 2.75x forward non-GAAP <a href="https://www.investopedia.com/terms/p/pegratio.asp">PEG</a> is 42.1% higher than the 1.94x industry average. Likewise, its 19.38x forward EV/EBITDA is 29.5% higher than the 14.97x industry average.
Mixed Profitability
In terms of the trailing-12-month EBITDA margin, AAPL's 33.73% is 258.4% higher than the 9.41% industry average. Likewise, its 1.10x trailing-12-month asset turnover ratio is 79.3% higher than the industry average of 0.61x. Furthermore, its 154.27% trailing-12-month Return on Common Equity is significantly higher than the industry average of 3.10%.
On the other hand, its 45.03% trailing-12-month gross profit margin is 6.8% lower than the 48.29% industry average.
POWR Ratings Reflect Uncertainty
AAPL has an overall rating of C, equating to a Neutral in our POWR Ratings system. The <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> are calculated by considering 118 different factors, each weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. AAPL has a C grade for Stability, consistent with its 1.29 beta.
It has a C grade for Sentiment, in sync with its mixed analyst estimates. Its stretched valuation justifies its D grade for Value.
AAPL is ranked #23 out of 39 stocks in the <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry. <a href="https://stocknews.com/stock/AAPL/">Click here</a> to access AAPL's Growth, Momentum, and Quality ratings.
Bottom Line
Investors have been concerned about AAPL's growth prospects due to the choppy smartphone market. Moreover, it is facing increased competition in its third biggest market, China. Despite these challenges, AAPL launched its first new product in seven years, the Vision Pro, a mixed-reality headset. This is expected to be a new growth driver for the company.
Furthermore, the company is actively embracing the generative AI trend and making significant investments in the space. AAPL's foray into AI is expected to launch this year.
Given its mixed analyst estimates and stability, it could be wise to wait for a better entry point in the stock.
How Does Apple Inc. (AAPL) Stack Up Against Its Peers?
AAPL has an overall POWR Rating of C, equating to a Neutral rating. You may check out these A and B-rated stocks within the <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry: Lantronix, Inc. (<a href="https://stocknews.com/stock/LTRX/">LTRX</a>), AstroNova, Inc. (<a href="https://stocknews.com/stock/ALOT/">ALOT</a>), and Logitech International S.A. (<a href="https://stocknews.com/stock/LOGI/">LOGI</a>). For exploring more Buy-rated Technology - Hardware stocks, <a href="https://stocknews.com/category/technology-hardware/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
AAPL shares fell $0.34 (-0.20%) in premarket trading Tuesday. Year-to-date, AAPL has declined -11.57%, versus a 10.20% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Dipanjan Banchur</h2> <img src='https:/wp-content/uploads/2021/11/Dipanjan-Banchur_headshots_3.jpg' style="float:left; padding:5px;width:125px;">Since he was in grade school, Dipanjan was interested in the stock market. This led to him obtaining a master's degree in Finance and Accounting. Currently, as an investment analyst and financial journalist, Dipanjan has a strong interest in reading and analyzing emerging trends in financial markets.<a href="https://stocknews.com/authors/?author=dipanjan-banchur">More...</a>The post <a href=https://stocknews.com/news/aapl-ltrx-alot-logi-should-investors-buy-apple-aapl-in-april/>Should Investors Buy Apple (AAPL) in April?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Should Investors Buy Apple (AAPL) in April?

Logitech (LOGI – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Asiya Merchant from Citi ma...

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14 companies with a near-term catalyst around 1Q earnings - MS

What has Wall Street been buzzing about this week? Here are the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the week of April 15-19, 2024.

Wall Street's Top 10 Stock Calls This Week - Saturday, April 20

ABBV

ALOT

AMZN

EBAY

ETSY

LFST

LTRX

NVDA

PCAR

PSGI

RDDT

SBAC

TMNSF

URBN

Press Releases

Now Available in North America, Logitech Casa Pop-Up Desk, the Innovative All-In-One Solution for New Ways of Working

Logitech Introduces MX Brio, Its Most Advanced Webcam Designed for the Evolving Ways of Working and Streaming

Logitech's Future Positive Challenge in Search of Disruptive Carbon Reduction Solutions

Logitech Announces CFO Departure

New Logitech Mevo Core 4K Camera Enables Seamless Wireless Live Streaming of Any Event, Anywhere

Logitech Unveils Signature Slim Keyboard and Combo to Seamlessly Flow Between Work and Life at the Desk

LOGITECH G Unveils the PRO X 60 Gaming Keyboard Featuring KEYCONTROL Technology - Designed with Esports Athletes and Engineered to Win

Logitech Announces Date for Release of Fourth Quarter and Full-Year Financial Results for FY 2024