This Tech Stock Is in Breakout Mode, but Should You Buy It?
Shares of Logitech International (NASDAQ: LOGI) have been in free fall since June 2021. The computer-peripherals manufacturer's bottom line has been under pressure on account of higher costs, supply-chain problems, and tough year-over-year comparisons following the novel coronavirus-fueled sales surge in 2020.
However, Logitech's fiscal 2022 third-quarter results, which were released on Jan. 24, injected life into the stock. Logitech shares jumped 12% in the week following the earnings report as it topped Wall Street's expectations, and management also raised full-year guidance.
Let's look at the latest numbers and check if the stock's newfound momentum is here to stay.
Source Fool.com
