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LogMeIn Inc (LOGM.OQ)

LOGM.OQ on NASDAQ Stock Exchange Global Select Market

119.20USD
13 Dec 2017
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Latest Key Developments (Source: Significant Developments)

LogMeIn Q3 non-GAAP earnings per share $1.16
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - LogMeIn Inc ::LogMeIn announces third quarter 2017 results.Q3 non-gaap earnings per share $1.16.Q3 gaap earnings per share $0.19.Sees Q4 revenue $273 million to $274 million.Sees fy 2017 revenue $987 million to $988 million.Q3 earnings per share view $1.11 -- Thomson Reuters I/B/E/S.Q3 revenue $276.1 million versus i/b/e/s view $272.1 million.LogMeIn Inc sees ‍fiscal year 2017 adjusted earnings per share $4.16 to $4.22​.LogMein Inc sees ‍fiscal year 2017 earnings per share $0.29 to $0.35​.LogMein Inc sees ‍fiscal year 2017 non-gaap revenue to be in range of $1.021 billion to $1.022 billion​.Fy2017 earnings per share view $4.05, revenue view $1.02 billion -- Thomson Reuters I/B/E/S.Q4 revenue view $275.6 million -- Thomson Reuters I/B/E/S.  Full Article

Logmein receives U.S. FTC clearance for proposed merger with Citrix’s GoTo business
Monday, 26 Sep 2016 

Logmein Inc : Logmein receives U.S. Federal Trade Commission clearance for proposed merger with Citrix’s GoTo business .Transaction is expected to close in Q1 2017.  Full Article

LogMeIn says if deal terminated, co to pay Citrix termination fee of $62 mln
Tuesday, 26 Jul 2016 

LogMeIn Inc : Deal provides that co will reimburse Citrix's, GetGo's expenses up to $10 million if merger agreement is terminated by either party .If merger agreement is terminated by Citrix, company is obligated to pay Citrix a fee equal to $62 million.  Full Article

LogMein announces Q2 GAAP earnings per share of $0.10
Tuesday, 26 Jul 2016 

LogMein Inc : FY 2016 earnings per share view $1.88, revenue view $331.4 million -- Thomson Reuters I/B/E/S . LogMein announces second quarter 2016 results . Q2 Non-GAAP earnings per share $0.49 . Q2 GAAP earnings per share $0.10 . Q2 revenue $83.3 million versus I/B/E/S view $81.8 million . Q2 earnings per share view $0.46 -- Thomson Reuters I/B/E/S . Sees Q3 2016 non-gaap earnings per share $0.52 to $0.53 . Sees FY 2016 non-gaap earnings per share $1.91 to $1.97 . Sees Q3 revenue $84.2 million to $84.7 million . Sees FY 2016 revenue $333 million to $335 million .Q3 earnings per share view $0.51, revenue view $83.1 million -- Thomson Reuters I/B/E/S.  Full Article

LogMeIn announces merger with Citrix's GoTo family of products
Tuesday, 26 Jul 2016 

Logmein Inc : LogMeIn announces merger with Citrix's GoTo family of products to create billion dollar industry leader . Deal for $1.8 billion . Run rate cost synergies of $65 million expected in year one and more than $100 million expected in year two . Bill Wagner, LogMeIn president and CEO, to lead combined company . Citrix and LogMeIn shareholders to each own approximately 50% of combined company . LogMeIn plans to issue $1.50 per share in dividends to its shareholders prior to closing . LogMeIn's Bill Wagner will continue in his role as president and CEO . LogMeIn's Ed Herdiech will serve as chief financial officer . Certain members of GoTo management team are expected to join combined company as well . Combined company is expected to achieve run rate cost synergies of more than $100 million within two years post-close . Board will form an operating committee upon close of transaction, which will consist of two LogMeIn directors and two Citrix directors . Combined company will be headquartered in Boston . Combination to result in Citrix equity holders receiving approximately 27.6 million LogMeIn shares on a fully diluted basis . Under RMT structure, transaction is expected to be tax-free to Citrix and its shareholders for U.S. federal income tax purposes . Expects combined company to have pro forma revenue of more than $1 billion.  Full Article

RPT-New kids on the block: tech giants turning Sydney's CBD into 'Silicon Place'

SYDNEY, Nov 12 Global technology titans including Amazon.com Inc, LinkedIn and Expedia are moving into Sydney's central business district, providing a commercial property fillip just as Australia's record housing boom starts to tire.