QUOTE AND NEWS
newratings.com  Sep 26  Comment 
FORT LAUDERDALE (dpa-AFX) - LogMeIn Inc. (LOGM) announced the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) for its proposed merger with Citrix Systems Inc.'s (CTXS) GetGo subsidiary,...
Motley Fool  Aug 7  Comment 
The company reached a deal to buy its biggest rival.
Benzinga  Jul 28  Comment 
Shares of LogMeIn Inc (NASDAQ: LOGM), a provider of cloud-based service offerings that allow businesses and individuals to connect to their workplace, surged higher by nearly 20 percent on Wednesday after the company announced a merger agreement...
Motley Fool  Jul 27  Comment 
The office tech specialist surged on a strong earnings report and news of a merger with a Citrix unit.
Forbes  Jul 27  Comment 
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in LogMeIn Inc (NASD: LOGM), where a total of 1,803 contracts have traded so far, representing approximately 180,300 underlying shares. That...
Benzinga  Jul 27  Comment 
  LogMeIn Inc (NASDAQ: LOGM) surged 20.5 percent to $84.01. The volume of LogMeIn shares traded was 2073 percent higher than normal. LogMeIn confirmed a deal to merge with Citrix Systems, Inc. (NASDAQ: CTXS)'s GoTo business. LogMeIn also...
Benzinga  Jul 27  Comment 
  Nasdaq Inc (NASDAQ: NDAQ) shares rose 1.6 percent to touch a new 52-week high of $69.61 as the company reported better-than-expected Q2 results. Cirrus Logic, Inc. (NASDAQ: CRUS) shares gained 4.09 percent to reach a new 52-week...
Benzinga  Jul 27  Comment 
  Guggenheim Securities upgraded SunPower Corporation (NASDAQ: SPWR) from Neutral to Buy. SunPower shares gained 3.52 percent to $16.19 in pre-market trading. Analysts at Dougherty & Company upgraded Mobileye NV (NYSE: MBLY) from...
Reuters  Jul 27  Comment 
LogMeIn Inc and a unit of Citrix Systems Inc that makes software products such as GoToMeeting said on Tuesday they are merging in an all-stock deal to create a $1.8 billion...




RELATED WIKI ARTICLES
 

LogMeIn creates and sells remote connectivity software that allows users to access their desktop remotely from other computers and mobile devices.

Business Overview

Business & Financial Metrics[1]

In 2009, LOGM generated a net income of $7.5 million on $74.4 million in total revenues. This represents the company's first profitable year since its inception and a real turnaround from 2008, when the company incurred a net loss of $7.8 million on revenues of $51.7 million.

Business Segments[2]

LOGM has one reportable operating segment which develops and markets mobile computing applications.

Key Trends & Forces

Cloud Computing

LOGM's profitability is based on the demand for remote desktop accessibility by individuals and businesses. The trend towards a worldwide cloud computing model means that this demand is increasing. With that increased demand, however, comes an increase in both direct and indirect competitors. For example, Google's offerings like Google Docs eliminates the need for users to access files saved on their computers by saving files online and making them accessible with nothing more than a web browser and an internet connection - Google Doc users might not find the need to access their desktops remotely because the files they need are stored on Google's servers.

Competition

LOGM's direct competitors, like Citrix Systems's GoToMyPC, offer software that provides similar functionality to LogMeIn. Indirect competitors offer products that may undermine LOGM's software and eliminate the need for remote desktop access altogether - companies like Google that promote cloud computing threaten demand for LOGM's products.

References

  1. LOGM 2009 10-K pg. 29  
  2. LOGM 2009 10-K pg. 11  
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki