German construction sector still in recession, civil engineering only bright spot
Logitech International SA stock reached a notable milestone by hitting a 52-week high of $109.0, representing a significant achievement for the $15.2 billion market cap company. According to InvestingPro analysis, the stock is currently trading near its Fair Value, with technical indicators suggesting overbought conditions. This achievement underscores the company’s strong market performance over the past year. The stock has experienced a 27.04% increase over the last 12 months, with an impressive year-to-date return of 31.57%. The company’s robust financial health, evidenced by its "GREAT" overall score on InvestingPro, and consistent dividend growth of 33.4% have contributed to investor confidence. Logitech’s ability to reach this price level marks a significant point in its trading history, as it continues to navigate the competitive landscape of technology and consumer electronics. For deeper insights into Logitech’s valuation and 11 additional exclusive ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Logitech International reported first-quarter fiscal 2026 earnings that significantly exceeded analyst expectations. The company posted adjusted earnings per share of $1.26, surpassing the analyst estimate of $1.01. Revenue for the quarter reached $1.15 billion, exceeding the consensus estimate of $1.13 billion and marking a 5% increase year-over-year in both US dollars and constant currency. Following these results, BNP Paribas Exane upgraded Logitech’s stock rating from Neutral to Outperform. The firm also raised its price target for the company to CHF88.00 from CHF80.00. This upgrade was attributed to Logitech’s resilience to tariffs and its strong performance in sales, gross margin, and operating profit, which surpassed consensus estimates by 3%, 50 basis points, and 21%, respectively. These developments highlight Logitech’s robust financial performance amid challenging market conditions.
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