Why Logitech International Is One of the Best Growth Stocks to Buy Right Now
Logitech International (NASDAQ: LOGI) is a classic example of a growth stock trading at a reasonable price, especially after its latest earnings report, which shows us that it can keep growing in a post-coronavirus world.
The computer peripherals manufacturer closed fiscal 2021 on a high. Its revenue shot up 74% year-over-year in constant currency terms to $5.25 billion, and non-GAAP earnings increased nearly 200% to $6.42 per share. Its fiscal fourth-quarter sales increased 108% over the year-ago period to $1.54 billion, crushing Wall Street's expectations for just $1.1 billion in revenue. Non-GAAP earnings of $1.45 per share also crushed the consensus estimate of $0.83 per share.
Logitech looked well-placed to beat expectations and deliver such strong numbers, as it has a habit of guiding low and overdelivering. Don't be surprised to see a similar trend continue in future quarters, as the products that Logitech sells are likely to remain in solid demand over the long run.
Source Fool.com
