Logitech international SA (LOGI) News & EventsLOGILogitech international SA

Google Partners with Logitech for New Devices, Ends Production in 2027

Logitech (LOGI) was in focus after Google (GOOGL) said it is transitioning its Google Meet hardware portfolio from ChromeOS to Android. "We're working closely with hardware partners, including Logitech, Neat, and HP Poly, to offer Google Meet-certified devices for spaces of any size, with several exciting Android devices intended for large-format spaces planned for 2027," Google said. Of note, the Logitech/CTL Google Meet Compute System will end manufacturing and sales in February 2027.

Logitech Recovers After Google Meet Hardware Announcement

Logitech off lows after Google Meet hardware portfolio announcement

Consumer Defensive and Healthcare Sectors Perform Strongly This Week

Counter-cyclical Consumer Defensive and Healthcare sectors have been by far the best performing areas of the market this week, and that was once again the case today as investors continue to rotate from "AI-on" into "AI-off" themes.  In addition to Packaging, Beverage, Tobacco, and other Staples, Software and IT Services names were particularly strong - IBMbounced 5% and has now gained 10% from its post-pre-announcement lows while Workdayand ServiceNow- software stocks routinely punished for being especially threatened in being made "obsolete" by AI  - were up 8% and 5%.   In turn, Semiconductors, Memory, Hardware and Equipment stocks were all hard-hit yet again - Micronfell 9%, Sandiskwas down 14%, and Western Digitalslipped 7% in Tuesday's trading.In the opening hour of the evening session, sentiment remains at the whims of heightened headline risk, with S&P e-minis contract flat and Nasdaq 100 trading down by 0.2%.  KLA Corp- the largest technology market cap out with results afterhours - fell 9% despite beating on top and bottom lines as traders noted compressing margins.  Seagatewas also volatile, having pared its gains to trade slightly negative after jumping as high as 7% initially on earnings before recovering for a 6% advance into the end of the afterhours session.  Geopolitical concerns were also "front and center" Tuesday evening - WTI crude oil spiked over 4% above $82.50 per barrel after U.S. CentCom reported that Iran has launched a missile strike on a U.S. base in Jordan.   Traders are similarly on edge heading into Wednesday's FOMC decision - swaps markets are pricing in a 70% chance of a rate hold against a 30% probability of a rate hike, though with inflation concerns rekindled by renewed Middle East tensions, yields have risen across the curve relative to the last time the Fed met in June.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Rocky Brandsup 16.2%Teradyneup 11.6%Manhattan Associatesup 9.9%Bloom Energyup 7.6%Seagate Technologyup 6.3%Ford Motor (up 3.9%The Cheesecake Factory (CAKE) up 3.7%ALSO HIGHER -Verra Mobilityup 26.6% after reaching framework agreement with Avis Budget on seven-year tolling and violations services contractDOWN AFTER EARNINGS -CoStar Groupdown 13.0%Logitech Internationaldown 11.1%Skyworks Solutionsdown 10.6%KLA Corporationdown 10.0%NXP Semiconductorsdown 5.2%SK hynixdown 5.1%PPG Industries, Inc.down 3.6%Waste Managementdown 2.6%Visadown 1.5%Caesars Entertainmentdown 0.3%