LogMeIn (NASDAQ: LOGM) posted its quarterly earnings results on Thursday. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. The company had revenue of $37.00 million for the quarter, compared to the consensus estimate of $36.73 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. LogMeIn updated its Q1 guidance to $0.09-0.10 EPS and its FY13 guidance to $0.43-0.49 EPS.
A number of analysts have recently weighed in on LOGM shares. Analysts at Barclays Capital raised their price target on shares of LogMeIn from $34.00 to $41.00 in a research note to investors on Monday, January 7th. They now have an “overweight” rating on the stock. Analysts at Northland Securities initiated coverage on shares of LogMeIn in a research note to investors on Tuesday, December 18th. They set an “outperform” rating and a $28.00 price target on the stock.
Six equities research analysts have rated the stock with a buy rating, and one has given a hold rating to the stock. LogMeIn has a consensus rating of “buy” and a consensus target price of $31.17.
Shares of LogMeIn (LOGM) traded up 3.00% during mid-day trading on Thursday, hitting $23.66. LogMeIn (LOGM) has a one year low of $18.74 and a one year high of $40.23. The stock’s 50-day moving average is currently $23.13. The company has a market cap of $586.8 million and a P/E ratio of 176.69.
LogMeIn Inc. (LogMeIn) is engaged in providing cloud-based services for remote access, device management, data management, customer care, and collaboration.
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