Logitech International SA

LOGN: XSWX (CHE)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
CHF 15.00XydyYyxkgsnj

Logitech Earnings: Strong Margin Recovery Lifts Shares

No-moat Logitech reported strong results in its fiscal second quarter, beating the FactSet consensus on revenue and operating income. Fiscal 2024 guidance was lifted meaningfully on non-GAAP operating income. Consequently, the shares were up around 11% intraday. We are currently updating our model for the latest developments but do not anticipate a material change to our $55 (CHF 50) fair value estimate. At current levels, the shares look overvalued.

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