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LogMeIn, Inc. (LOGM) provides cloud-based collaboration, IT management, and customer service offerings to address the multi-device security, management, and accessibility requirements of the new mobile workplace in the United States, the United Kingdom, and internationally.
It offers collaboration cloud services, such as join.me and join.me pro, which are browser-based online meetings and screen sharing services; Cubby Basic, Cubby Pro, and Cubby Enterprise that are cloud-based file syncing, storage, and sharing services; and LogMeIn Pro, a remote access service.
The company also provides service cloud services comprising LogMeIn Rescue and LogMeIn Rescue+Mobile, which are Web-based remote support and customer care services offering remote support via the Internet; and BoldChat, a Web-based live chat service that helps customer service staff to directly engage and provide assistance to visitors to their organizations Website. Its IT management cloud services consist of LogMeIn Central, a Web-based management console; and AppGuru, an application management product, as well as connected object cloud services comprise Xively, an Internet of Things Platform-as-a-Service, which provides the infrastructure, such as Internet-connected products, applications, and customer services to help businesses.
In addition, the company offers RemotelyAnywhere, a LAN-based systems administration product used to manage personal computers and servers from within the IT system of an enterprise; and LogMeIn Backup, a service that subscribers install on two or more computers to create a backup network; LogMeIn Hamachi, a hosted virtual private network service; and LogMeIn for iOS services. It serves SMBs, IT service providers, mobile carriers, customer service centers, OEMs, and consumers.
Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.
52-Week Trading Range: $31.08 - $53.38
Entry Point: $51.50
Stop Loss: $48.92
Target Price: $56.65
LOGM fell below our stop loss. Closed at $48.80
