3 Reasons Logitech's Post-Earnings Selloff Is a Buying Opportunity

·4 min read
3 Reasons Logitech's Post-Earnings Selloff Is a Buying Opportunity

Logitech International (NASDAQ: LOGI) delivered another great quarterly report on Tuesday, with strong results reflecting continued high demand for keyboards, webcams, and other PC peripherals. The shares sank by 10% during the trading session after the fiscal Q1 2022 earnings report was released, but at its now-lower price, this stock could be a value investor's dream. Trading at a forward price-to-earnings (P/E) ratio of 25, it's hard to argue that the stock is overvalued, especially with analysts forecasting that Logitech's earnings per share will grow at an annualized rate of 30% over the next five years.

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