Logitech raises its sales forecasts 60% and soars in the stock market

January 19, 2021 14:30

The shares of Logitech International register a rise of more than 5% in the pre-open of the market after revising up the growth of sales in 2021. Specifically, the PC peripherals company estimates growth in sales this year of between 57% to 60% and an increased quarterly operating income. 

Logitech is one of the great beneficiaries of the Covid-19 pandemic as it has caused an increase in demand for hardware to improve the work from home experience, as well as accessories for video games and other leisure activities related to computers.

In the third quarter alone, Logitech sales increased 85% to $ 1.67 billion according to Reuters. 

These good results have been reflected in the price of Logitech on the stock market: it closed 2020 with a revaluation of 106% to $ 97.19 per share. In 2019 they rebounded more than 50%, in 2018 they fell by 7%, in 2017 they rose by 35.81% and in 2016 by 64%.

Source: Admiral Markets MetaTrader 5. Logitech CFD Daily Chart. Data range: from January 23, 2019 to January 19, 2021. Prepared on January 19, 2021 at 12 noon CET. Keep in mind that past returns do not guarantee future returns.

As we see in the graph, Logitech shares have followed a very pronounced uptrend since the Covid-19 pandemic began.

With an Admiral Markets Trade.MT5 account, you can trade Contracts for Difference (CFDs) on Logitech and over 3,000 stocks! CFDs allow traders to try to profit from both bull and bear markets, as well as profit from the use of leverage. Click on the following banner to open an account today:

INFORMATION ON ANALYTICAL MATERIALS:

The data provided provides additional information on all analyzes, estimates, forecasts, forecasts, market reviews, weekly outlooks or other evaluations or similar information (hereinafter "Analysis") published on the Admiral Markets website. Before making any investment decisions, pay close attention to the following:

  1. This is a marketing communication. The content is posted for informational purposes only and should not be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and is not subject to any prohibition on pre-dissemination of investment research.
  2. Each investment decision is made by each client alone, while Admiral Markets UK Ltd (Admiral Markets) will not be liable for any loss or damage arising from such a decision, whether based on content or not.
  3. In order to protect the interests of our clients and the objectivity of the Analysis, Admiral Markets has established relevant internal procedures for the prevention and management of conflicts of interest.
  4. The analysis is prepared by an independent analyst, Carolina Caro, SEO implementer (hereinafter "Author") based on personal estimates.
  5. While all reasonable efforts are made to ensure that all sources of content are reliable and that all information is presented, as much as possible, in an understandable, timely, accurate, and complete manner, Admiral Markets does not guarantee accuracy. or integrity of any information contained in the Analysis.
  6. Any past performance or modelling of the financial instruments indicated in the content should not be construed as an express or implied promise, guarantee, or implication of Admiral Markets for any future performance. The value of the financial instrument may rise and fall, and the preservation of the asset's value is not guaranteed.

7. Leveraged products (including contracts for difference) are speculative in nature and may generate profit or loss. Before you start trading, make sure you fully understand the risks.

Avatar-Admirals
Admirals An all-in-one solution for spending, investing, and managing your money

More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money.