-=LogMeIn (LOGM) to be acquired for $86.05 per share

• Update Mon 8/31/20 : LogMeIn go-private acquisition by Francisco Partners and Evergreen Coast Capital completed.

LogMeIn to be acquired by affiliates of Francisco Partners and Evergreen Coast Capital for $86.05 per share in cash

Under the terms of the Agreement, LogMeIn shareholders will receive $86.05 in cash for each share of LogMeIn's common stock they hold. This consideration represents a premium of approximately 25% to LogMeIn's unaffected closing stock price on September 18, 2019, the last trading day before a media report was published speculating about a potential sale process. The all-cash transaction values LogMeIn at an aggregate equity valuation of approximately $4.3 billion. The Board of Directors of LogMeIn approved the Agreement and recommended that shareholders vote in favor of the transaction. The transaction is expected to close in mid-2020, subject to customary closing conditions, including the receipt of stockholder and regulatory approvals.

The definitive agreement for the transaction includes a customary 45-day "go-shop" period which permits LogMeIn and its advisors to actively solicit alternative acquisition proposals, and potentially enter negotiations with other parties that make alternative acquisition proposals. LogMeIn will have the right to terminate the definitive agreement to accept a superior proposal subject to the terms and conditions of the definitive agreement. There can be no assurance that this process will result in a superior proposal, and LogMeIn does not intend to disclose developments with respect to the solicitation process unless and until its Board of Directors makes a determination requiring further disclosure.

=LogMeIn (LOGM) reported earnings on Thur 14 Feb 2019 (a/h)

LogMeIn beats by $0.06, beats on revs; guides Q1 revs in-line; guides FY19 revs in-line 

• Reports Q4 (Dec) earnings of $1.47 per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $1.41; Non-GAAP revenues rose 12.6% year/year to $310.7 mln vs the $306.57 mln S&P Capital IQ Consensus.
• Co issues in-line guidance for Q1, sees Q1 Non-GAAP revs of $304-306 mln vs. $305.23 mln S&P Capital IQ Consensus. Adjusted EBITDA is expected to be in the range of $94 million to $96 million, or approximately 31% of non-GAAP revenue.
• Co issues in-line guidance for FY19, sees FY19 Non-GAAP revs of $1.25-1.26 bln vs. $1.26 bln S&P Capital IQ Consensus.  Adjusted EBITDA is expected to be in the range of $407 million to $412 million, or approximately 33% of non-GAAP revenue.
• The Company is announcing a board succession plan whereby the Company's co-founder and Chairman, Michael K. Simon, will resign from the board, effective upon the conclusion of the Company's Annual Meeting of Stockholders on May 30, 2019 and his position as Chairman effective March 1, 2019. The Board has named Robert Calderoni, who is currently serving as a member of the Board, to succeed Mr. Simon as the Company's Chairman.
• In order to help fund these growth initiatives, the Company will undertake a global restructuring plan designed to streamline our organization and reallocate resources to better align with our growth acceleration goals. The Company expects to substantially complete this restructuring by the end of fiscal year 2019.

Earnings this week : Feb. 11 - 15, 2019 (wk 7)

Earnings confirmed to report this week:

Monday (Feb 11)

• Morning: CNA DO GPRE KMPR L MCY MDP MPAA NSP QSR
• Afternoon: AMBR, AMKR ACB BHF BRS BRX BRKR CHGG CMP ROAD DCP ELVT RE FARM FMC RAMP MIME MOH MGI LABL NWE OHI OMF PYX RNG VRNS VECO VNO 

Mon pm/Tue am (vol): https://finviz.com/screener.ashx?v=211&t=AMBR,AMKR,ACB,BHF,BRS,BRX,BRKR,CHGG,CMP,ROAD,DCP,ELVT,RE,FARM,FMC,RAMP,MIME,MOH,MGI,LABL,NWE,OHI,OMF,PYX,RNG,VRNS,VECO,VNO,AYR,ARCC,FIS,HUN,IPGP,JLL,MLM,MDSO,TAP,NNN,NP,NRZ,OMC,ONDK,SABR,SHOP,STE,TOWR,UAA,USFD,WEC,WELL&ta=0&o=-volume

Tuesday (Feb 12)

• Morning: AYR ARCC FIS HUN IPGP JLL MLM MDSO TAP NNN NP NRZ OMC ONDK SABR SHOP STE TOWR UAA USFD WEC WELL 
• Afternoon: ACGL AIZ AKAM AQ ATVI AVLR BFAM BXMT CNO CRAY CSOD DEI DENN EXEL GRPN HUBS IRTC JCOM KRNT LSCC MPWR OXY QLYS QUOT REXR RPAI RRR SHO SPSC TRIP TWLO UDR UIS

Tue pm/Wed am (vol):  https://finviz.com/screener.ashx?v=211&ta=0&o=-volume&t=ACGL,AIZ,AKAM,AQ,ATVI,AVLR,BFAM,BXMT,CNO,CRAY,CSOD,DEI,DENN,EXEL,GRPN,HUBS,IRTC,JCOM,KRNT,LSCC,MPWR,OXY,QLYS,QUOT,REXR,RPAI,RRR,SHO,SPSC,TRIP,TWLO,UDR,UIS,AB,ACCO,BABY,BKI,CAMT,CBM,CBRE,CBZ,CEVA,CFX,CIGI,CIM,CRL,CRTO,CVE,DBD,DISH,ECOM,FLIR,FUN,GLPI,GOLD,GPN,HLT,IPG,IRWD,KELY-A,LAD,LPX,LXFT,NVMI,TECK,TEVA,TMHC,WH

Wednesday (Feb 13)

• Morning: AB ACCO BABY BKI CAMT CBM CBRE CBZ CEVA CFX CIGI CIM CRL CRTO CVE DBD DISH ECOM FLIR FUN GLPI GOLD GPN HLT IPG IRWD KELY.A LAD LPX LXFT NVMI TECK TEVA TMHC WH 
• Afternoon: AIG AKR AMGP ANDE AR ARES ARI ASGN BAND BCOV BKD CF CHEF CPA CRY CSCO CTL CTRE CXP DIOD DVA EQC EQIX FCPT FNF FOSL FR FRT H HCP HR IFF IVC KAI KGC LPI MFC MGM MRO NGVT NLY NPO NTAP NUS OII OIS PGRE PPC PRSP PS PXD QDEL QTWO REG RYAM SKT SLF SNBR SPWR STAG SVMK SWIR TCO TCX TRUP TSE VNDA WCN WMB YELP

Thursday (Feb 14)

• Morning: AAN AEE AER AGIO ALE ALKS ARCH AVP AZN BAM BCOR BGCP BLMN BWA CBB CCEP CME COWN CYBR DGX DNOW DUK EEX EPAM EQM EQT FAF GEO GLOG GNRC GOOS GTLS HII HPP INCY IQV IRM KO LECO MANU MGP MTRN NICE NSIT PATK PBF PBFX PDS POOL PPL R SIX SMI SMP SON STFC STNG THS TPX TRP TRTN TRU TU VMC WLH WM WSO WST YETI ZBRA ZTS
• Afternoon: AEM AIRG AMAT AMN ANET AUY BL CBS CC CGC CGNX CPS CVA ELLI GLOB HTA INVH  LOGM  MERC MRC MX NVDA PDFS RDFN RWT SPXC SSNC TLND TNET TREX TRUE VICI WES WGP WRE XPO 

Friday (Feb 15)

• Morning: ABR AXL CHH CPSI DAN DE TSX:ENB FTS MCO NWL PEP POR SXT TYPE WBC YNDX ZEUS

=LogMeIn (LOGM) reported earnings on Thur 25 Oct 2018 (a/h)

LogMeIn beats by $0.06, beats on revs; guides Q4 EPS, revs above consensus

• Reports Q3 (Sep) earnings of $1.40 per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $1.34; revenues rose 14.7% year/year to $308.93 mln vs the $302.98 mln S&P Capital IQ Consensus.
• Co issues upside guidance for Q4, sees EPS of $1.41-1.42, excluding non-recurring items, vs. $1.35 S&P Capital IQ Consensus; sees Q4 revs of $306-307 mln, excluding non-recurring items, vs. $300.20 mln S&P Capital IQ Consensus.

This week's biggest % winners & losers : July 23 - 27, 18 (wk 30)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: LPNT (64.65 +34.97%), ANIK (40.05 +17%), CYH (3.12 +15.13%), HCA (124.15 +14.95%)
• Materials: HCLP (15.25 +40.55%), CSTM (12.85 +19.53%), SID (2.45 +15.02%)
• Industrials: JBT (114.75 +18.73%)
• Consumer Discretionary: BPI (12.43 +63.98%), STON (4.25 +19.05%)
• Information Technology: GRUB (131 +17.03%), GLW (33.54 +15.18%), AMD (18.94 +14.79%), LSCC (7.67 +14.65%)
• Financials: SUPV (13.58 +18.91%)
• Energy: INT (27.05 +25.81%), TGS (16.45 +14.95%)
• Consumer Staples: SVU (32.07 +55.6%)
• Telecommunication Services: NIHD (5.41 +45.43%)

This week's top 20 % losers

• Healthcare: ACIU (9.42 -42.14%), MGLN (72 -21.65%), ENTA (96 -21.53%), NVAX (1.17 -18.18%), EDIT (29.7 -18.07%)
• Materials: NGD (1.26 -33.68%)
• Industrials: NLSN (22.36 -25.14%), ASTE (48.27 -21.35%)
• Consumer Discretionary: MHK (183.06 -18.36%)
• Information Technology: LOGM (77.85 -28.64%), TWTR (34.12 -21.42%), EIGI (8.43 -18.2%), BHE (24.15 -17.72%)
• Financials: VIRT (21.4 -18.16%), ENVA (31.5 -17.65%)
• Energy: AMID (6.6 -41.07%)
• Consumer Staples: UNFI (32.51 -24.76%)

LogMeIn (LOGM) reported earnings on Thur 26 July 2018 (a/h)

** charts before earnings **

** charts after earnings **

 

LogMeIn beats by $0.07, reports revs in-line; guides Q3 below consensus; lowers FY18 below consensus 

• Reports Q2 (Jun) earnings of $1.32 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus of $1.25; revenues rose 15.0% year/year to $307 mln vs the $305.13 mln Capital IQ Consensus.
• Co issues downside guidance for Q3, sees EPS of $1.33-1.35, excluding non-recurring items, vs. $1.36 Capital IQ Consensus Estimate; sees Q3 revs of $302-304 mln vs. $312.01 mln Capital IQ Consensus Estimate.
• Co issues downside guidance for FY18, sees EPS of $5.17-5.26, excluding non-recurring items, vs. $5.27 Capital IQ Consensus Estimate; sees FY18 revs of $1.185-1.195 bln vs. $1.22 bln Capital IQ Consensus Estimate. 
• "While we expect isolated headwinds in the second half of the year, we continue to be pleased with the trajectory of our long-term growth drivers-Unified Communications, Digital Engagement and Identity-all of which accelerated in the quarter."

Earnings this week : July 23 - 27, 2018 (wk 30)

This week marks the first of three very heavy weeks of earnings reports -- roughly 1/3 of the S&P 500 will report quarterly results.

Monday (July 23)

• Morning: ITW HAL PHG HAS LII
• Afternoon: GOOG GOOGL AMTD CDNS STLD ZION WHR

Tuesday (July 24)

• Morning: VZ MMM UTX LLY LMT BIIB SHW KMB CNC PCAR IQV DGX WAT EDU TRU WAB
• Afternoon: T TXN SYK CB EQR AMP WCN TSS CSGP IEX WRB RHI TER CSL MKSI  USNA

Wednesday (July 25)

• Morning: UMC BA KO UPS TMO NEE ANTM GD NOC GM BSX NSC HCA WM AEP TEL SIRI SRE TROW APH FCAU HLT GLW FCX IR ROK DTE HES LH STM CHKP S GRUB USG SIX TRVG IMAX  OC  TUP

• Afternoon: FB V PYPL GILD QCOM MDLZ LVS VRTX F SU NOW ALGN ORLY XLNX MHK AMD EFX CTXS FTI RJF PKG UHS VAR AEM FFIV SNBR ECHO

  DRE TMK AGNC GGG SUI MEOH KRC EHC DLB KNX MPWR MAT CW TRN KEX CHE CLB AXS LSTR CLGX ASGN STAY FR CUZ MSA NGVT CVRR JBT CCMP ESV LM QEP ESRT PEB OII DDR ARI ALGT DRQ ROIC QTS FOE MTH FWRD BEAT FCPT CDE KRA WPG EIG TILE FARO ETH ANIK SFS SB AXTI BPI ABX GG CCJ

Thursday (July 26)

• Morning: RDS.A MA CMCSA MCD AUO MO BMY COP AZN CELG AGN RTN CME SPGI PX VLO MMC BAX KDP APD MPC SPOT LUV ALXN ROP MPLX MCK AAL CVE DHI LLL YNDX MLCO NLSN UAA PHM ALK ALKS RS HP XRX WWE DNKN B SAVE ALLY OAK CPG  AAN    NGD   

     XEL TAL IP PCG NEM HSY ABMD TECK AAL  EQT KKR CNHI MLM CMS YNDX LEA ODFL IVZ  LKQ LDOS TSCO BWA UAA PHM ALLE ICLR AXTA WST CFR  KIM EQM LAZ NOK NRZ ORI FAF BC UTHR CRI ENTG GRA EME VLY ADNT FCFS PAG SPB ARD BMS UBSI COR RDN VC PRLB PTEN SYNT NVCR  PENN COLB DLX TREE AB TPX VLP  FCN GWB NTCT AXE TSEM MNRO MINI CWT THRM PATK 

• Afternoon: LOGM  AUY  AMZN INTC AMGN SBUX EA AFL EW LRCX FTV DFS DLR WDC EIX EXPE HIG VRSN MXIM NOV TEAM CMG JNPR COLM PFPT FSLR BYD RARE FHB SAM NCR ISBC ELLI DECK SKYW BOFI EGHT IMPV ABAX MATW FIX MSTR 

Friday (July 27)

• Morning: GT  VIRT   XOM CVX MRK ABBV CL PSX AON MCO TWTR WY SYF ZBH

Earnings this week : Oct 23 - 27, 17 (wk 43)

LogMeIn (LOGM) to merge with Citrix’s (CTXS) GoToMeeting unit

• February 2017: LogMeIn completed a merger with GetGo, the corporate spin-off of the GoTo product line from Citrix Systems.

 

LogMeIn stock, after having been halted late in the regular session on rumors of a deal, surged by $13.32, or almost 19%, to $83.03, in late trading.

 

The following day

The deal, as described separately by LogMeIn and Citrix, is what’s known as a “Reverse Morris Trust” transaction, which is designed to avoid taxes for Citrix holders.

LogMeIn listed several benefits of the transaction, including combined revenue of $1 billion, and first-year “synergies” on costs of $65 million. LogMeIn chief Bill Wagner will maintain his current role for the combined entities.

LogMeIn said it would issue a special 50-cent-per-share dividend to its holders on August 26th, to holders of record as of August 8th.