QUOTE AND NEWS
Benzinga  4 hrs ago  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...
TechCrunch  Nov 29  Comment 
 Within the past few months, NetSuite, Marketo, LinkedIn, FleetMatics and LogMeIn have each been acquired or merged for a combined value of more than $50 billion. At this rate, public SaaS companies may become an endangered species. Clearly, PE...
TechCrunch  Nov 2  Comment 
 LastPass, the password manager owned by LogMeIn, is making a core component of its service free. LastPass helps improve password security by allowing users to generate random passwords and storing them securely, so users don’t have to worry...
Motley Fool  Oct 3  Comment 
Is the remote-access software maker a buy?
Benzinga  Oct 3  Comment 
  Barclays raised the price target for LogMeIn Inc (NASDAQ: LOGM) from $82 to $105. LogMeIn shares closed at $90.39 on Friday. Deutsche Bank boosted Pan American Silver Corp. (USA) (NASDAQ: PAAS) price target from $14.50 to $20. Pan...
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.




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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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