QUOTE AND NEWS
Forbes  Mar 12  Comment 
Seemingly every day or two a new competitor enters the file sharing space. With high profile vendors Box and Dropbox looking likely to IPO this year (unless they get acquired in the meantime) the space seems attractive to every man and his dog -...
TechCrunch  Mar 12  Comment 
Cubby, the Dropbox competitor from LogMeIn which opened up publicly near the end of last year, is rolling out a business-focused version of its service called Cubby Enterprise. The company is aiming to find a middle-of-the-road spot in between...
DailyFinance  Mar 7  Comment 
SILICON SLOPES, UT -- (Marketwired) -- 03/07/14 -- InsideSales.com announced today that LogMeIn, Inc., a leading provider of cloud-based connectivity and collaboration services, has signed on as a Gold Sponsor of the 2014 Sales Acceleration...
TheStreet.com  Feb 14  Comment 
NEW YORK (TheStreet) -- LogMeIn  is soaring on Friday after reporting better-than-expected earnings and guidance. By midday, the microcap had spiked 23.5% to $41.08. Trading volume of 2.6 million was more than 12 times its three-month daily...
Benzinga  Feb 14  Comment 
LogMeIn (NASDAQ: LOGM) shares surged 24.92% to touch a new 52-week high of $41.56 after the company reported upbeat Q4 earnings and issued a strong forecast. Cray (NASDAQ: CRAY) shares rose 26.59% to reach a new 52-week high of $37.94 after the...
StreetInsider.com  Feb 14  Comment 
LCA-Vision, Inc. (Nasdaq: LCAV) 29.2% HIGHER; PhotoMedex, Inc. (Nasdaq: PHMD) announced a definitive agreement to acquire LCA-Vision, Inc. (Nasdaq: LCAV) for $5.37 per share in cash, or approximately $106.4 million. Weight Watchers Int'l (NYSE:...
StreetInsider.com  Feb 14  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Needham+%26+Company+Upgrades+LogMeIn+%28LOGM%29+to+Buy/9170910.html for the full story.
SeekingAlpha  Feb 14  Comment 
LogMeIn Inc (LOGM) Q4 2013 Earnings Conference Call February 13, 2014 05:00 pm ET Executives Rob Bradley - Director of Investor Relations Michael Simon - CEO Jim Kelleher- CFO Analysts Matt Hedberg - RBC Capital Markets ...
SeekingAlpha  Feb 13  Comment 
Complete Story »




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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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