The Zacks Analyst Blog Highlights: Logitech International, Apple, Yahoo!, Lam Research and AVG Technologies

The Zacks Analyst Blog Highlights: Logitech International, Apple, Yahoo!, Lam
                        Research and AVG Technologies

PR Newswire

CHICAGO, June 28, 2013

CHICAGO, June 28, 2013 /PRNewswire/ --Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Logitech International
(Nasdaq:LOGI-Free Report), Apple (Nasdaq:AAPL-Free Report), Yahoo! Inc.
(Nasdaq:YHOO-Free Report),Lam Research Corporation (Nasdaq:LRCX-Free Report)
and AVG Technologies N.V. (NYSE:AVG-Free Report).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of
the Day pick for free.

Here are highlights from Thursday's Analyst Blog:

Logitech Upgraded to Outperform

We recently upgraded Logitech International (Nasdaq:LOGI-Free Report) -- which
designs, manufactures and markets innovative peripherals for the digital world
-- from Neutral to Outperform based on its improved prospects. Also, the
company became Zacks Rank #1 stock on June 25, 2013, followed by improved
performance factors.

Why the Upgrade?

The growing adoption of new mobile platforms, such as tablets and smartphones
in both mature and emerging markets, is paving the way for increased demand of
Logitech's peripherals and accessories. In order to capitalize on this
burgeoning business proposition, the company launched a slew of innovative
products. This includes a new Apple (Nasdaq:AAPL-Free Report) keyboard that
has a strong growth momentum.

Also, with its universal remote app for iPhone and Android, Logitech will no
longer sell this business as it had been planning earlier, since it expects
better near-term trends. Logitech intends to tap the high potential market for
accessories by further expanding its product lines. In the last reported
quarter, tablet accessories was the best-performing retail product category
with sales increasing a robust 119.2% year over year.

The company also intends to divest its non-strategic assets. This will make
the business more focused towards core product line. Logitech is in the
process of exiting roughly one-third of its product categories, including
Remotes and Video Security, which it expects to completely divest by the end
of fiscal 2014. As it focuses on resources away from PC peripherals towards
the growing mobility categories of tablets accessories, it is expected that
the company will return to its year-over-year growth in revenue by the end of
2015.

The company announced to initiate a recurring regular dividend, to be issued
and paid on an annual basis. This proves that the company is now reaping the
benefits of healthy performances. Also, positive trends are expected both in
the short-term and over the longer term as well.

With the current revised cost structure and new product line, the company
expects to experience growth in the coming years. In fiscal 2015, the company
estimates sales of $2.1 billion, an operating income of $90 million and gross
margin of 34.5%. In fiscal 2016, performance is expected to be even better
with sales of $2.25 billion, an operating income of $150 million and gross
margin of approximately 35%.

Other Stocks to Consider

Logitech has a Zacks Rank #1(Strong Buy). Other notable companies like, Yahoo!
Inc. (Nasdaq:YHOO-Free Report),Lam Research Corporation (Nasdaq:LRCX-Free
Report) and AVG Technologies N.V. (NYSE:AVG-Free Report) operating in the same
sector also have Zacks Rank #1(Strong Buy) each.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of
the Day pick for free.

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