On July 29, Logitech International SA fell 6.52% in regular trading, trading at $103.445/share, with turnover of $26.45 million.

The decline was triggered by the company's Q2 revenue guidance disappointing the market despite a strong Q1 beat. Logitech reported FY2027 Q1 adjusted EPS of $1.85, surpassing consensus of $1.22 by 51.6%, with revenue of $1.227 billion versus $1.204 billion expected, and net income surging 61.4% year-over-year. However, the company guided Q2 revenue of $1.19 billion to $1.22 billion, falling short of analysts' $1.23 billion estimate, sparking concerns about growth deceleration.

Multiple headwinds compounded the sell-off. Wedbush trimmed its price target to $130 from $135 while maintaining an outperform rating. Morgan Stanley previously warned that declining PC demand could drag accessories and gaming revenue down more than 5%. Bank of America downgraded Logitech to underperform with an $86 target, citing rising PC and gaming system prices as likely to significantly suppress demand.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)