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LogMeIn, Inc. (LOGM) provides cloud-based services for individuals and businesses to securely connect to their workplace, colleagues, and customers.
It offers services, such as join.me, join.me pro, and join.me enterprise that 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 support 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.
In addition, it offers IT management services, such as LogMeIn Central, a Web-based management console; Meldium, a password and identity management product to manage, store, and share login credentials; and AppGuru, an application management product, as well as connected products comprising Xively, a platform as a service, which provides the infrastructure, such as Internet-connected products, applications, and customer services to help businesses.
Further, the company provides RemotelyAnywhere, a LAN-based systems administration product used to manage personal computers and servers from within the IT system of an enterprise; 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, original equipment manufacturers, and consumers.
Shares have formed a bullish "flag" following the company's quarterly results. The firm reported net profit of 33 cents per share vs. estimates of 27 cents. Higher share prices are expected for this company.
52-Weeks Trading Range: $39.06 - $70.00
Entry Point: $65.00
Stop Loss: $61.75
Target Price: $71.50
LOGM closed at $65.14 after its 30 days expired. We do believe that this stock is heading higher from these levels.
