LogMeIn Inc (LOGM) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.35 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.30. The company posted revenue of $79.70 million in the period, compared to analysts expectations of $77.76 million. The company’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Many Wall Street Analysts have commented on LogMeIn Inc. Company shares were Reiterated by Dougherty & Company on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 65 from a previous price target of $56 .Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 70 from a previous price target of $65 .Shares were Reiterated by RBC Capital Mkts on Feb 12, 2016 to “Outperform” and Lowered the Price Target to $ 65 from a previous price target of $75 .
LogMeIn Inc closed down -0.18 points or -0.34% at $52.68 with 2,91,085 shares getting traded on Wednesday. Post opening the session at $52.54, the shares hit an intraday low of $52.32 and an intraday high of $53 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 8, 2016, Michael K Simon (director) sold 50,000 shares at $51.62 per share price. According to the SEC, on Dec 2, 2015, Marilyn Matz (director) sold 500 shares at $71.65 per share price. On Nov 4, 2015, Lawrence M. D’angelo (SVP, Sales) sold 8,250 shares at $68.88 per share price, according to the Form-4 filing with the securities and exchange commission.
LogMeIn Inc. provides a portfolio of cloud-based service offerings. The Company’s services range from free downloadable mobile and Web-based collaboration apps to enterprise grade professional helpdesk solutions to a cloud-based platform for the Internet of Things all of which are accessible with an Internet connection. The Company’s services are delivered via the cloud as hosted services. The Company offers both free and fee based or premium services. The Company’s core cloud-based services are categorized into four business lines: Collaboration Service and Support Connected Products and Additional Service Offerings. Its collaboration business consists of services for users to interact with and access the computers devices data and people that make up their digital world. join.me join.me pro and join.me enterprise are its free and premium browser-based online meeting and screen sharing services that give users the ability to host an online meeting with other people.