Logitech International S.A. (LOGI) in Apples, Switzerland, designs, manufactures, and markets products that help people connect to digital and cloud experiences worldwide. The company recently raised its fiscal 2022 outlook to between two percent and five percent sales growth compared with its earlier projection of flat (+/- 5%) sales. It also raised its non-GAAP operating income guidance range to $850-$900 million from the $800-$850 million range.
The stock has declined 10.6% in price over the past three months to close yesterday’s trading session at $73.78. In addition, it is currently trading 47.4% below its 52-week high of $140.17, which it hit on June 9, 2021.
