Technical Analysis – 24 October 2023

Shares closed higher above the 20dEMA with a surge in volume. 5dEMA is about to cross the 20dEMA.
MACD is positive, RSI is constructive.
Long – Entry 8.60, Target 9.60, Stop 8.10

Shares closed higher above the 20dEMA with a surge in volume. 5dEMA is about to cross the 20dEMA.
MACD is positive, RSI is turning constructive.
Long – Entry 9.50, Target 10.50, Stop 9.00

Shares closed above the 20dEMA with rising volume. The 5dEMA crossed the 20dEMA.
Both RSI and MACD are constructive.
Long – Entry 15.06, Target 16.00, Stop 14.59

Logitech International S.A. (LOGI)

2Q24 Revenue: $1.06B, -7.9% YoY, beat estimates by $83.29M
2Q24 Non-GAAP EPS: $1.09, +30.0% YoY, beat estimates by $0.45
FY24 Guidance: Raised FY24 revenue to $4.0bn – $4.15bn, compared to $3.8bn – $4.0bn previously; Non-GAAP operating income of $525mn – $575mn, compared to $400mn – $500mn previously.
Comment: While sales were down YoY, the company delivered strong margins, reflecting the results of the company’s cost discipline with a customer-first mindset. Management also highlights that the company has made great progress toward a return to growth and exceeded their pre-pandemic profit levels. The company introduced 16 new products over the quarter, and will continue to be focused on developing new market products, as well as operational excellence, and value creation for shareholders. The company remained cautiously optimistic for the rest of the year, and raised their annual outlook. With consumer confidence falling to 63, the lowest in 5 months, it may pose headwinds for the company for the next quarter as consumers cut back on spending. 3Q24 recommended trading range: $65 to $75. Neutral Outlook.

罗技 (LOGI)

24财年第二季营收：10.6亿美元, 同比跌幅7.9%，超预期8,329万美元
24财年第二季Non-GAAP每股盈利：1.09美元，同比增幅30%，超预期0.45美元
23财年第四季指引：将24财年营收提高至40亿至41.5亿美元，此前为38亿至40亿美元；Non-GAAP营业收入为5.25亿至5.75亿美元，此前为4亿至5亿美元。
短评：虽然销售额同比下降，但该公司实现了强劲的利润率，这反映了该公司以客户至上的思维方式控制成本的结果。管理层还强调，公司在恢复增长方面取得了巨大进展，利润水平超过了疫情大流行前的水平。该公司在本季度推出了16款新产品，并将继续专注于开发新的市场产品，以及卓越的运营和为股东创造价值。该公司对今年剩余时间保持谨慎乐观，并上调了年度预期。消费者信心指数降至63，为5个月来的最低水平，随着消费者削减支出，这可能会给公司下个季度带来不利影响。24财年第三季度建议交易区间：65美元至75美元。中性前景。