Logitech stock falls 13% due to economic challenges, but company is launching innovative products.

From Nasdaq: 2024-12-31 08:46:00

Logitech (LOGI) shares have fallen 13% year to date, underperforming the Computer Technology sector and S&P 500. Global economic challenges and competitive pressures have impacted Logitech’s revenues. Despite this, Logitech is launching innovative products like audio equipment, webcams, headsets, and keyboards to drive recovery. Fiscal 2025 sales are expected to be between $4.39-$4.47 billion, with a 3.11% year-over-year growth in revenues. The Zacks Consensus Estimate for fiscal 2025 earnings is $4.63, indicating a 9% year-over-year growth. Investors are advised to hold onto Logitech stock for now as the company shows signs of recovery.



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