Shares in Logitech (NASDAQ: LOGI) jumped 4.53% on Wednesday, a day after the Swiss-American computer keyboard and mouse maker raised its full-year outlook and posted a third-quarter sales beat.
The results underscore the company’s strong execution, driven by high demand across regions and product categories alongside a robust margin performance, which positions Logitech well for sustained long-term growth, said analysts from JP Morgan.
The guidance upgrade leaves room for an upside for the fourth quarter, the analysts added.
If gains persist, the stock will rise 17% so far this year.
Shares are on track for the best day since October 2023, topping the Swiss blue-chip index.
