SeekingAlpha  Feb 16  Comment 
Motley Fool  Feb 1  Comment 
Don't worry: This drop is related to a planned spinoff.
Benzinga  Feb 1  Comment 
Citrix Systems, Inc. (NASDAQ: CTXS) shares are down over 22 percent on Wednesday, as it announced the completion of the spinoff of its GoTo family of service offerings and its subsequent merger with LogMeIn Inc (NASDAQ: LOGM) in a merger of...
Reuters  Feb 1  Comment 
* Citrix completes spin-off and merger of Goto family of service offerings with Logmein Source text for Eikon: Further company coverage:
Reuters  Jan 23  Comment 
* Co, Citrix expect additional time required to obtain approval of CPUC for transfer of control of Getgo Communications, Grasshopper Group
Benzinga  Jan 9  Comment 
MKM Partners said it would be a buyer of Citrix Systems, Inc. (NASDAQ: CTXS) shares on any weakness, as it is not concerned with the recent executive departures and sees the closing of the LogMeIn Inc (NASDAQ: LOGM) transaction and consequent...
Benzinga  Dec 8  Comment 
Analysts at CLSA initiated coverage of Tripadvisor Inc (NASDAQ: TRIP) with an Underperform rating. The price target for Tripadvisor is set to $49. Tripadvisor shares closed at $47.60 on Wednesday. Analysts at Morgan Stanley initiated...


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.


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.


  1. LOGM 2009 10-K pg. 29  
  2. LOGM 2009 10-K pg. 11  
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