Caesars Entertainment misses Q2 earnings expectations, shares edge lower
Samantha Harnett, the Chief Legal Officer of Logitech (SIX:LOGN) International S.A. (NASDAQ:LOGI), has sold 300 registered shares of the company. The stock has shown remarkable strength, trading near its 52-week high with strong returns over the past three months, according to InvestingPro data. The sale, executed on February 3, 2025, was conducted at a price of $96.6 per share, amounting to a total transaction value of $28,980. Following the sale, Harnett retains ownership of 7,348 shares. This transaction was carried out under a pre-established Rule 10b5-1 trading plan, which Harnett adopted on August 28, 2024. Notably, InvestingPro analysis reveals management has been actively buying back shares, demonstrating confidence in the company’s outlook. Get access to 16 additional ProTips and comprehensive analysis with an InvestingPro subscription.
In other recent news, Logitech International has been making significant strides, as highlighted by recent developments. Following stronger-than-expected growth in the third quarter, Deutsche Bank (ETR:DBKGn) analyst George Brown upgraded Logitech’s stock rating from Sell to Hold and increased the price target to CHF 80.00. Brown anticipates that Logitech will present upgraded long-term profitability targets at the company’s Capital Markets Day in Silicon Valley, due to lower product costs and a shift towards smaller acquisitions.
Similarly, Kepler Cheuvreux analyst Torsten Sauter upgraded Logitech’s stock rating from Hold to Buy, raising the price target to CHF 100.00. Sauter underscored Logitech’s strong third-quarter results and its success in maintaining growth post-COVID, particularly in the Gaming and Video Collaboration sectors. The analyst also highlighted the company’s potential to mitigate risks associated with new technologies through artificial intelligence integration.
Moreover, Logitech reported better-than-expected third-quarter results and raised its full-year guidance. The computer peripherals maker posted adjusted earnings per share of $1.59, surpassing analyst estimates of $1.37, and revenue rose 7% YoY to $1.34 billion, beating the consensus forecast of $1.25 billion. Logitech’s gaming segment was a key driver, with sales near pandemic-high levels. The company also raised its fiscal 2025 outlook, now expecting revenue of $4.54-4.57 billion, up from its previous forecast.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.