LogMeIn, Inc provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses. The company offers GoToConference, a video and audio conferencing solution; GoToMeeting, a product for online meetings, sales demonstrations, and collaborative gatherings; GoToTraining, an online training product for interactive training sessions; GoToWebinar, a do-it-yourself Webinar product for organizations; Grasshopper telephony solution; Jive, a cloud-based phone service; join.me, join.me pro, and join.me business, which are online meeting and screen sharing services; and OpenVoice, a reservation-less audio conferencing service.
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Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustryInternet Software & Services
SectorComputer and Technology
Phone781-638-9050
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.20 billion
Profitability
Miscellaneous
Employees3,515
Next Earnings Date2/13/2020 (Estimated)
OptionableOptionable
LogMeIn (NASDAQ:LOGM) Frequently Asked Questions
What is LogMeIn's stock symbol?
LogMeIn trades on the NASDAQ under the ticker symbol "LOGM."
How often does LogMeIn pay dividends? What is the dividend yield for LogMeIn?
LogMeIn declared a quarterly dividend on Thursday, October 24th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.325 per share on Friday, November 29th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Tuesday, November 12th. View LogMeIn's Dividend History.
How were LogMeIn's earnings last quarter?
LogMeIn Inc (NASDAQ:LOGM) posted its earnings results on Thursday, October, 24th. The software maker reported $1.39 EPS for the quarter, topping the Zacks' consensus estimate of $1.36 by $0.03. The software maker earned $317.20 million during the quarter, compared to analysts' expectations of $316.29 million. LogMeIn had a return on equity of 7.37% and a net margin of 1.20%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned $1.40 earnings per share. View LogMeIn's Earnings History.
When is LogMeIn's next earnings date?
What guidance has LogMeIn issued on next quarter's earnings?
LogMeIn updated its fourth quarter earnings guidance on Thursday, October, 24th. The company provided earnings per share guidance of $1.39-1.41 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.38. The company issued revenue guidance of $319-321 million, compared to the consensus revenue estimate of $322.49 million.
What price target have analysts set for LOGM?
11 analysts have issued 12-month target prices for LogMeIn's stock. Their forecasts range from $70.00 to $125.00. On average, they anticipate LogMeIn's stock price to reach $88.71 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price. View Analyst Price Targets for LogMeIn.
What is the consensus analysts' recommendation for LogMeIn?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LogMeIn in the last year. There are currently 1 sell rating, 9 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for LogMeIn.
What are Wall Street analysts saying about LogMeIn stock?
Here are some recent quotes from research analysts about LogMeIn stock:
- 1. According to Zacks Investment Research, "LogMeIn delivered solid second-quarter results wherein both earnings and revenues surpassed expectations. Strong performance of the company’s growth products remains a key driver. The newly launched GoToConnect and GoToRoom products also make the management optimistic about the stock’s prospects. The expansion of its product portfolio coupled with its rising sales initiatives is expected to accelerate its growth momentum in major markets, namely UCC, IDaaS and Digital Engagement, going forward. However, increasing investments weigh on the company’s bottom line. Intensifying competition from Zoom, Adobe Connect, Google and Microsoft Skype raises concerns. Product consolidation and legacy pressures are anticipated to persist as a bane for Customer Engagement segment." (7/31/2019)
- 2. Northland Securities analysts commented, "We think this is key to getting the company back to double digit growth and will be the fundamental driver to shares. Key Points Q1 Results: Q1 revenue came in at $308.1mn above consensus $306mn with earnings of $1.17 also above consensus $1.14. Adjusted EBITDA above expectations, posting $96.8mn (31.4% margin) vs. consensus $95mn. Adjusted cash flow from operations was $119.7mn, or 38.8% margin vs consensus $127mn or 41.5% margin. Deferred revenues were up 45% to $402.3mn." (4/26/2019)
Has LogMeIn been receiving favorable news coverage?
News stories about LOGM stock have trended positive this week, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. LogMeIn earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned news stories about the software maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for LogMeIn.
Are investors shorting LogMeIn?
LogMeIn saw a increase in short interest in December. As of December 31st, there was short interest totalling 1,850,000 shares, an increase of 31.2% from the December 15th total of 1,410,000 shares. Based on an average trading volume of 838,300 shares, the short-interest ratio is currently 2.2 days. Approximately 4.0% of the shares of the company are short sold. View LogMeIn's Current Options Chain.
Who are some of LogMeIn's key competitors?
Some companies that are related to LogMeIn include Facebook (FB), Equinix (EQIX), eBay (EBAY), Twitter (TWTR), Verisign (VRSN), CoStar Group (CSGP), Akamai Technologies (AKAM), SEA (SE), J2 Global (JCOM), ANGI Homeservices (ANGI), Envestnet (ENV), Cornerstone OnDemand (CSOD), Cimpress (CMPR), LivePerson (LPSN) and Yelp (YELP).
What other stocks do shareholders of LogMeIn own?
Who are LogMeIn's key executives?
LogMeIn's management team includes the folowing people:
- Mr. William R. Wagner, Pres, CEO & Director (Age 52)
- Mr. Michael K. Simon, Co-Founder, Director & Special Advisor to CEO (Age 54)
- Mr. Edward K. Herdiech, CFO & Treasurer (Age 52)
- Mr. Marc R. van Zadelhoff, Sr. VP & COO (Age 46)
- Mr. James S. H. Lok, Sr. VP of Core Technology (Age 59)
Who are LogMeIn's major shareholders?
LogMeIn's stock is owned by a number of of institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (0.31%), Alpine Global Management LLC (0.08%), Coastline Trust Co (0.04%), State of Alaska Department of Revenue (0.02%), Nisa Investment Advisors LLC (0.01%) and We Are One Seven LLC (0.01%). Company insiders that own LogMeIn stock include Christopher Battles, Edward K Herdiech, James Lok, Lawrence M D'angelo, Michael J Donahue, Michael K Simon, Peter John Sacripanti, Steven J Benson and W Sean Ford. View Institutional Ownership Trends for LogMeIn.
Which major investors are selling LogMeIn stock?
LOGM stock was sold by a variety of institutional investors in the last quarter, including Ridgewood Investments LLC, State of Alaska Department of Revenue and Nisa Investment Advisors LLC. Company insiders that have sold LogMeIn company stock in the last year include Edward K Herdiech, Michael J Donahue, Michael K Simon, Peter John Sacripanti and Steven J Benson. View Insider Buying and Selling for LogMeIn.
Which major investors are buying LogMeIn stock?
LOGM stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Alpine Global Management LLC, Coastline Trust Co, We Are One Seven LLC, Lenox Wealth Advisors LLC and Alpha Windward LLC. View Insider Buying and Selling for LogMeIn.
How do I buy shares of LogMeIn?
Shares of LOGM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is LogMeIn's stock price today?
One share of LOGM stock can currently be purchased for approximately $86.55.
How big of a company is LogMeIn?
LogMeIn has a market capitalization of $4.31 billion and generates $1.20 billion in revenue each year. The software maker earns $74.37 million in net income (profit) each year or $4.55 on an earnings per share basis. LogMeIn employs 3,515 workers across the globe.View Additional Information About LogMeIn.
What is LogMeIn's official website?
How can I contact LogMeIn?
LogMeIn's mailing address is 320 SUMMER STREET, BOSTON MA, 02210. The software maker can be reached via phone at 781-638-9050 or via email at [email protected]
MarketBeat Community Rating for LogMeIn (NASDAQ LOGM)
MarketBeat's community ratings are surveys of what our community members think about LogMeIn and other stocks. Vote "Outperform" if you believe LOGM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LOGM will underperform the S&P 500 over the long term. You may vote once every thirty days.
