Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why LogMeIn Shares Soared

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of software company LogMeIn (NASDAQ: LOGM  ) soared 21% today after its quarterly results and outlook topped Wall Street expectations.

So what: The stock has been crushed over the past year on weak revenue growth, but a first-quarter beat -- adjusted EPS of $0.12 on revenue of $37.4 million versus the consensus of $0.10 and $36.3 million -- combined with upbeat guidance suggests that things are starting to turn around. In fact, the company drew in a record 2.7 million first-time users, and 37,000 new premium subscribers during the quarter, allaying some of the concern recently over intensifying competitive pressure.

Now what: Management now sees full-year adjusted EPS of $0.46-$0.50 on revenue of $157 million-$160 million, nicely ahead of Wall Street's view of $0.46 and $155.1 million. "[W]e expect to build on this momentum by introducing two new cloud offerings -- developed on our proven Gravity cloud platform -- that we believe will provide a catalyst for accelerating growth in 2013 and beyond," said CEO Michael Simon. "As a result, we've increased our full-year outlook." When you couple today's price surge with the company's still-speculative nature, however, buying into that bull talk doesn't seem prudent at this point.  

Interested in more info on LogMeIn? Add it to your watchlist.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2390598, ~/Articles/ArticleHandler.aspx, 9/29/2016 11:16:57 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 hours ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/29/2016 4:00 PM
LOGM $90.25 Down -0.88 -0.97%
LogMein CAPS Rating: **