LogMeIn, Inc. Buyback
OLI recorded this information on 8/13/2013
LogMeIn, Inc. (Nasdaq:LOGM), a leading cloud and mobile services provider, announced that its Board of Directors has authorized a share repurchase program for up to $50 million of the company's outstanding common stock. Repurchases under the program may be made from time to time on the open market or in privately negotiated transactions through the end of 2015.
LogMeIn provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. Co.'s cloud-based services are categorized into three business units: Unified Communications and Collaboration, which includes GoToConnect, GoToMeeting, GoToRoom, GoToTraining, GoToWebinar, Grasshopper, Jive, join.me and OpenVoice; and Customer Engagement and Support, which includes Bold360, RescueAssist, GoToAssist Corporate and GoToAssist Seeit, and LogMeIn Rescue; and Identity and Access Management, which includes LogMeIn Central, GoToMyPC, LastPass and LogMeIn Pro.
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Hold (2.00 out of 4)
(ranked lower than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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