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PLT

Poly

$50.95

0.78 (1.55%)

, LOGI

Logitech

$32.46

-0.19 (-0.58%)

19:29
11/25/18
11/25
19:29
11/25/18
19:29

Plantronics confirms no ongoing discussions with Logitech

Plantronics (PLT) confirmed that the company is no longer engaged in discussions with Logitech (LOGI) regarding a potential combination. While it is Plantronics' practice not to comment, in accordance with Swiss disclosure requirements, Logitech was required to disclose the status of the discussions following recent media reports. Logitech approached Plantronics regarding a potential acquisition and, consistent with the Plantronics Board's fiduciary duties, the company entered into discussions with Logitech. Those discussions have ended. Plantronics will not comment further on this matter. "Our combined organization of Plantronics and Polycom is working tirelessly to help our customers communicate, work, and play, wherever they are," said Joe Burton, President and CEO of Plantronics, "Already the market leader in Unified Communications with the most comprehensive portfolio of communications and collaborations endpoints, our prospects are outstanding. We are working to reinvent the industry with valuable business insights available through unique software and analytics capabilities that span the entire portfolio of endpoints." Burton continued, "We have made great progress preparing the company for the next phase of profitable growth, and we are very well positioned to successfully achieve our long-term strategic goals, as demonstrated by our strong second quarter 2019 results. We have seen very strong feedback from customers and partners, launched products across multiple categories in our first quarter post-close - including innovative analytics offerings that integrate deeply with our endpoints - and in September we increased both our long-term financial targets and our cost synergy targets related to our acquisition of Polycom. I have been and remain tremendously optimistic about the opportunity in front of us, and with our focused strategy and leadership team, I am confident that Plantronics will create significant long-term value for shareholders."

PLT

Poly

$50.95

0.78 (1.55%)

LOGI

Logitech

$32.46

-0.19 (-0.58%)

  • 03

    Dec

PLT Poly
$50.95

0.78 (1.55%)

08/08/18
08/08/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Dean Foods (DF) upgraded to Hold from Sell at Deutsche Bank. 2. Plantronics (PLT) upgraded to Buy from Neutral at Sidoti with the firm citing attractive valuation. 3. CarGurus (CARG) upgraded to Outperform from Market Perform at JMP Securities and to Outperform from Sector Perform at RBC Capital. 4. Bristol-Myers (BMY) upgraded to Neutral from Underweight at Atlantic Equities. 5. Floor & Decor (FND) upgraded to Buy from Hold at Loop Capital with analyst Anthony Chukumba saying the company continues to post the "best relative performance in the flooring retailing industry." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/08/18
08/08/18
UPGRADE
Target $86

Buy
Plantronics upgraded to Buy on valuation at Sidoti
As previously reported, Sidoti upgraded Plantronics to Buy from Neutral and maintained a $86 price target citing attractive valuation.
08/08/18
SIDC
08/08/18
UPGRADE
SIDC
Buy
Plantronics upgraded to Buy from Neutral at Sidoti
07/09/18
SIDC
07/09/18
DOWNGRADE
SIDC
Plantronics downgraded to Neutral from Buy at Sidoti
LOGI Logitech
$32.46

-0.19 (-0.58%)

11/21/18
DADA
11/21/18
NO CHANGE
Target $30
DADA
Buy
Investors should buy Turtle Beach, Logitech shares, says DA Davidson
DA Davidson analyst Tom Forte kept his Buy rating and $30 price target on Turtle Beach (HEAR), saying that investors should buy the stock after the latest NPD gaming data for the month of October and tweets from an NPD analyst. Forte adds that he is also bullish on Logitech (LOGI), keeping his Buy rating and $58 price target on that stock. The analyst is citing a "record" month of October sales going back to 1995, thanks to the latest boost from gaming titles Call of Duty and Red Dead Redemption 2, both of which offer a battle royale format. Forte further notes that NPD disclosed that "sales in the headsets & headphones category doubled in the month of October", and sees the "broadening appeal for gaming, battle royale, and eSports" as positive for the two accessory companies.
11/05/18
MAXM
11/05/18
INITIATION
Target $31
MAXM
Sell
Logitech initiated with a Sell at Maxim
Maxim analyst Nehal Chokshi initiated Logitech with a Sell rating and a price target of $31. The analyst notes that although the company's CEO Bracken Darnell has improved its culture with "better acquisitions, better engineering, and better morale", only a third of Logitech's revenues are tied to secular growth markets. Chokshi further states that the majority of its sales is "tied to flattish-to-declining installed bases", adding that he sees the company's FY20 EPS target of $2 per share at "significant risk".
10/24/18
LOOP
10/24/18
NO CHANGE
Target $53
LOOP
Buy
Logitech guidance likely conservative, says Loop Capital
Loop Capital analyst Ananda Baruah kept his Buy rating and $53 price target on Logitech after its "solid" Q3 earnings and revenue upside and maintained FY19 guidance. The analyst notes that the company's outlook and long-term revenue model are likely conservative, adding that the strong outperformace in the gaming segment could persist. Baruah recommends that investors buy into the weakness in the stock price.
10/17/18
JPMS
10/17/18
UPGRADE
Target $42
JPMS
Neutral
Logitech assumed with a Neutral from Underweight at JPMorgan
JPMorgan analyst Paul Chung upgraded Logitech International to Neutral from Underweight with a $42 price target after assuming coverage of the name. The risk/reward is more balanced with the stock down 19% since peaking in late August, Chung tells investors in a research note. However, even with selloff, the stock multiple still trades at a premium to peers, the analyst adds.

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MYOV

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INVH

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GBDC

Golub Capital

$17.79

0.045 (0.25%)

18:42
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GM

General Motors

$36.62

-0.25 (-0.68%)

, TM

Toyota

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18:42
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Nissan

$0.00

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  • 19

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CRMT

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3.22 (3.67%)

, WUBA

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NOW

ServiceNow

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Okta

$121.21

3.76 (3.20%)

SPLK

Splunk

$122.64

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WWD

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$113.64

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KRNT

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ASH

Ashland

$78.65

0.03 (0.04%)

VNET

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DHT

DHT Holdings

$7.52

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KRTX

Karuna Therapeutics

$94.70

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EGHT

8x8, Inc.

$20.78

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Intelsat

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PFGC

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$46.09

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EFC

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LEVI

Levi Strauss

$17.06

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CSCO

Cisco

$45.17

0.07 (0.16%)

18:17
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ABBV

AbbVie

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  • 07

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PRQR

ProQR Therapeutics

$6.27

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BILI

Bilibili

$16.39

-0.32 (-1.92%)

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Earnings
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  • 18

    Nov

WUBA

58.com

$50.26

-1.35 (-2.62%)

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  • 19

    Nov

BILI

Bilibili

$16.39

-0.32 (-1.92%)

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  • 18

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WUBA

58.com

$50.26

-1.35 (-2.62%)

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  • 19

    Nov

BILI

Bilibili

$16.39

-0.32 (-1.92%)

18:01
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  • 18

    Nov

DDOG

Datadog

$40.36

-0.33 (-0.81%)

, AMZN

Amazon.com

$1,752.70

15.21 (0.88%)

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AMZN

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  • 19

    Nov

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  • 20

    Nov

17:55
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Conference/Events
Morgan Stanley analyst to hold an analyst/industry conference call »

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GVA

Granite Construction

$26.50

-0.6 (-2.21%)

17:54
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ZS

Zscaler

$44.46

-1.37 (-2.99%)

, MSFT

Microsoft

$150.35

0.4 (0.27%)

17:51
11/18/19
11/18
17:51
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17:51
Initiation
Zscaler, Microsoft initiated at DA Davidson »

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ZS

Zscaler

$44.46

-1.37 (-2.99%)

MSFT

Microsoft

$150.35

0.4 (0.27%)

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  • 20

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OKTA

Okta

$121.21

3.76 (3.20%)

17:51
11/18/19
11/18
17:51
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17:51
Upgrade
Okta rating change at DA Davidson »

Okta pullback represents…

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  • 05

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PANW

Palo Alto Networks

$248.50

1.465 (0.59%)

17:48
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11/18
17:48
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17:48
Initiation
Palo Alto Networks initiated at DA Davidson »

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  • 25

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CRWD

Crowdstrike

$57.06

-2.73 (-4.57%)

, AMZN

Amazon.com

$1,752.70

15.21 (0.88%)

17:47
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11/18
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Initiation
Crowdstrike, Amazon.com initiated at DA Davidson »

Crowdstrike valuation…

CRWD

Crowdstrike

$57.06

-2.73 (-4.57%)

AMZN

Amazon.com

$1,752.70

15.21 (0.88%)

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