QUOTE AND NEWS
Cloud Computing  Aug 11  Comment 
In his session at the upcoming Internet of @ThingsExpo in Santa Clara, California, Chad Jones, Vice President, Product Strategy of LogMeIn's Xively IoT Platform, will show you how to approach creating broadly successful connected customer...
SeekingAlpha  Jul 28  Comment 
ByMarshall Hargrave: LogMeIn (NASDAQ:LOGM) posted another strong quarter last week, sending shares up 5% in a day. Its Q2 earnings beat consensus by 20%, marking the fourth straight quarter of earnings beats. EPS came in at $0.29 (beating $0.24...
Motley Fool  Jul 25  Comment 
Is LogMeIn's pop meaningful? Or just another movement?
SeekingAlpha  Jul 25  Comment 
LogMeIn, Inc. (NASDAQ:LOGM) Q2 2014 Earnings Conference Call July 24, 2014 17:00 ET Executives Rob Bradley - Director IR Michael Simon - Chairman, President, CEO, Secretary Jim Kelliher - CFO, Treasurer Analysts Gene...
Cloud Computing  Jul 21  Comment 
PALO ALTO, CA--(Marketwired - July 21, 2014) - Adaptive Insights, the worldwide leader in cloud business analytics for the biggest brands and the hottest companies, today announced new leadership appointments including Founder Rob Hull to the role...
SeekingAlpha  Jul 16  Comment 
BySaurabh Goyal: On April 29, 2014, LogMeIn (NASDAQ:LOGM) reported $49m in revenue and $0.22 EPS for the March quarter vs. the consensus estimate of $47.1m and $.21, respectively. They also upped guidance for the full year by roughly $10m. This...
StreetInsider.com  Jul 11  Comment 
UPGRADES Cowen lifts LogMeIn (Nasdaq: LOGM) from Market Perform to Outperform with a price target of $47. Morgan Stanley raises QLogic (Nasdaq: QLGC) from Underweight to Equalweight. Deutsche Bank moves ChannelAdvisor (NYSE: ECOM) from Hold to...
Benzinga  Jul 9  Comment 
LogMeIn (NASDAQ: LOGM) shares plunged after a short-sale research shop put the cloud computing company on its list. The shop, Off Wall Street, said market saturation and LogMeln's stagnant growth means a sell-off is in the cards. The shop put...
Cloud Computing  Jun 24  Comment 
β€œThe Internet of Things is irrelevant,” said Chad Jones during his presentation at the recent @ThingsExpo in New York. Now that he has your attention, perhaps I should add some context to this quote. Chad, who is VP of IoT Strategy at...
SeekingAlpha  Jun 23  Comment 
By Markus Aarnio: LogMeIn (LOGM) provides cloud-based collaboration, IT management, and customer service offerings to address the multi-device security, management, and accessibility requirements of the new mobile workplace in the United States,...




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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  
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