Jim Cramer on Logitech: “Something’s Going on Here That’s Very Positive”

Logitech International S.A. (NASDAQ:LOGI) is one of the stocks Jim Cramer spoke about recently. Cramer discussed the stock’s performance through the year, as he remarked:

“Let’s talk about the incredible move in the stock of Logitech International. Walk into any office, there’s a pretty good chance you’re going to see an ocean of Logitech keyboards, mice, webcams. Here’s a stock that’s now up more than 46% year to date, including a 2% gain yesterday, another 4% gain today. Now, that’s because Logitech reported on Tuesday night a 25-cent earnings beat off a $1.20 basis with higher-than-expected sales and management raising its guidance for the holidays. The company was able to offset the damage from the tariffs in the quarter, and they expect they can do it again, even though a lot of this merchandise does come from Southeast Asia, some from China, it’s been hit hard. Now, could this one even have more room to run? Something’s going on here that’s very positive.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

Logitech International S.A. (NASDAQ:LOGI) designs hardware and software products for work, creation, and gaming, including mice, keyboards, webcams, headsets, and speakers.

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Disclosure: None. This article is originally published at Insider Monkey.