Logitech (LOGI) Raises Guidance

Over the past year, we’ve been pounding the drum for Logitech (LOGI), as they have heavy exposure to several pandemic-driven trends: Working from home (WFM) and PC Gaming.

• Working from Home Mentions: +241% YoY
• PC Gaming Mentions: +26% YoY

Product-specific mentions for Logitech show just how popular PC peripherals have become with mentions of webcams, keyboards, and mice still trending +35% YoY.

Yesterday, Logitech raised its revenue forecast for the 2021 Fiscal Year (ending 3/31).

Considering the strength of the underlying product data and, the ongoing success of other work from home driven names like Zoom (ZM), we’re remaining Bullish.