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LogMeIn Inc (LOGM.OQ)

LOGM.OQ on NASDAQ Stock Exchange Global Select Market

96.95USD
2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Logmein receives U.S. FTC clearance for proposed merger with Citrix’s GoTo business
Monday, 26 Sep 2016 08:00am EDT 

Logmein Inc : Logmein receives U.S. Federal Trade Commission clearance for proposed merger with Citrix’s GoTo business .Transaction is expected to close in Q1 2017.  Full Article

LogMeIn says if deal terminated, co to pay Citrix termination fee of $62 mln
Tuesday, 26 Jul 2016 04:34pm EDT 

LogMeIn Inc : Deal provides that co will reimburse Citrix's, GetGo's expenses up to $10 million if merger agreement is terminated by either party .If merger agreement is terminated by Citrix, company is obligated to pay Citrix a fee equal to $62 million.  Full Article

LogMein announces Q2 GAAP earnings per share of $0.10
Tuesday, 26 Jul 2016 04:05pm EDT 

LogMein Inc : FY 2016 earnings per share view $1.88, revenue view $331.4 million -- Thomson Reuters I/B/E/S . LogMein announces second quarter 2016 results . Q2 Non-GAAP earnings per share $0.49 . Q2 GAAP earnings per share $0.10 . Q2 revenue $83.3 million versus I/B/E/S view $81.8 million . Q2 earnings per share view $0.46 -- Thomson Reuters I/B/E/S . Sees Q3 2016 non-gaap earnings per share $0.52 to $0.53 . Sees FY 2016 non-gaap earnings per share $1.91 to $1.97 . Sees Q3 revenue $84.2 million to $84.7 million . Sees FY 2016 revenue $333 million to $335 million .Q3 earnings per share view $0.51, revenue view $83.1 million -- Thomson Reuters I/B/E/S.  Full Article

LogMeIn announces merger with Citrix's GoTo family of products
Tuesday, 26 Jul 2016 04:00pm EDT 

Logmein Inc : LogMeIn announces merger with Citrix's GoTo family of products to create billion dollar industry leader . Deal for $1.8 billion . Run rate cost synergies of $65 million expected in year one and more than $100 million expected in year two . Bill Wagner, LogMeIn president and CEO, to lead combined company . Citrix and LogMeIn shareholders to each own approximately 50% of combined company . LogMeIn plans to issue $1.50 per share in dividends to its shareholders prior to closing . LogMeIn's Bill Wagner will continue in his role as president and CEO . LogMeIn's Ed Herdiech will serve as chief financial officer . Certain members of GoTo management team are expected to join combined company as well . Combined company is expected to achieve run rate cost synergies of more than $100 million within two years post-close . Board will form an operating committee upon close of transaction, which will consist of two LogMeIn directors and two Citrix directors . Combined company will be headquartered in Boston . Combination to result in Citrix equity holders receiving approximately 27.6 million LogMeIn shares on a fully diluted basis . Under RMT structure, transaction is expected to be tax-free to Citrix and its shareholders for U.S. federal income tax purposes . Expects combined company to have pro forma revenue of more than $1 billion.  Full Article

LogMeIn Inc gives Q4 2015 guidance above analysts' estimates; raises FY 2015 guidance
Thursday, 22 Oct 2015 04:08pm EDT 

LogMeIn Inc:Sees Q4 2015 revenue to be in the range of $74.1 million to $74.6 million.Sees Q4 2015 adjusted EBITDA to be in the range of $20.0 million to $20.4 million.Sees Q4 2015 Non-GAAP net income to be in the range of $12.0 million to $12.3 million, or $0.46 to $0.47 per diluted share.Sees FY 2015 revenue to be in the range of $269.6 million to $270.1 million.Sees FY 2015 adjusted EBITDA to be in the range of $66.6 million to $67.0 million.Sees FY 2015 non-GAAP net income to be in the range of $41.1 million to $41.4 million, or $1.60 to $1.61 per diluted share.Q4 2015 revenue of $72.5 million, EBITDA of $18.4 million and EPS of $0.43 - Thomson Reuters I/B/E/S.FY 2015 revenue of $267.3 million, EBITDA of $64 million and EPS of $1.54 - Thomson Reuters I/B/E/S.  Full Article

LogMeIn to acquire password management leader lastpass
Friday, 9 Oct 2015 08:00am EDT 

LogMeIn:To acquire password management leader lastpass.Deal for $110 million.Deal includes up to an additional $15 million in cash payable in contingent payments.Contingent payment to be paid to equity holders of lastpass upon achievement of certain milestone over two-year period after closing of deal.  Full Article

LogMeIn Announces change of CEO
Wednesday, 2 Sep 2015 04:15pm EDT 

LogMeIn:Says its Board of Directors has approved a succession and transition plan for the company's chief executive officer (CEO) position.Effective at the end of 2015, Michael K. Simon, the company's co-founder and CEO for the past 12 years, will step down as CEO.He will be succeeded as CEO by William "Bill" R. Wagner, currently the company's president and chief operating officer.Simon will remain as the company's chairman of the board and will also serve in an advisory role to Wagner.  Full Article

LogMeIn Inc reaffirms Q3, FY 2015 outlook
Wednesday, 2 Sep 2015 04:15pm EDT 

LogMeIn Inc:Reaffirmed its Q3 2015 and FY 2015 outlook, which was last updated on July 23.Expects to achieve Q3 2015 revenues of $68.8 million to $69.3 million and FY 2015 revenues of $265.0 million to $266.5 million.Expects Q3 2015 non-GAAP net income to be in the range of $0.43 to $0.44 per diluted share, and non-GAAP net income for FY 2015 is expected to be in the range of $1.51 to $1.57 per diluted share.  Full Article

LogMeIn Inc gives Q3 2015 guidance above analysts' estimates; raises FY 2015 guidance
Thursday, 23 Jul 2015 04:08pm EDT 

LogMeIn Inc:Expects Q3 2015 total revenue to be in the range of $68.8 million to $69.3 million.Expects Q3 2015 adjusted EBITDA in the range of $18.0 million to $18.5 million.Expects Q3 2015 Non-GAAP net income is expected to be in the range of $11.0 million to $11.3 million, or $0.43 to $0.44 per diluted share.Expects Q3 2015 GAAP net income in the range of $4.5 million to $5.0 million, or $0.18 to $0.19 per share.Expects FY 2015 total revenue to be in the range of $265.0 million to $266.5 million.Expects FY 2015 adjusted EBITDA to be in the range of $63.0 million to $65.0 million.Expects FY 2015 Non-GAAP net income is expected to be in the range of $38.9 million to $40.4 million, or $1.51 to $1.57 per diluted share.Expects FY 2015 GAAP net income in the range of $11.1 million to $12.9 million, or $0.43 to $0.50 per diluted share.Q3 2015 revenue of $67.7 million, EBITDA of $15.4 million and EPS of $0.36 - Thomson Reuters I/B/E/S.FY 2015 revenue of $263.8 million, EBITDA of $58.62 million and EPS of $1.40 - Thomson Reuters I/B/E/S.  Full Article

LogMeIn announces acquisition of mobile collaboration start-up, Zamurai
Thursday, 4 Jun 2015 09:00am EDT 

LogMeIn Inc:Disclosed the acquisition of San Francisco-based Zamurai Corporation, a pioneer in mobile collaboration and whiteboarding.  Full Article

BRIEF-Logmein Q3 non-gaap earnings per share $0.56

* Q3 earnings per share view $0.53 -- Thomson Reuters I/B/E/S