Gold Sponsors
Array Telepresence Logo   Human Productivity Lab Logo   Ashton Bentley Logo
Silver Sponsors
Bronze Sponsors
Telepresence Options Magazine

Latest Telepresence and Visual Collaboration News:
Full Article:

LogMeIn expects $1B in sales in 2017 -- and investors are loving it

March 1, 2017 | Telepresence Options

logmein.jpg

Story and images by Boston Business Journal

LogMeIn Inc.'s stock price got a boost Wednesday morning after the cloud connectivity company announced a $700 million capital return plan and projected that revenue could hit $1 billion in 2017 thanks to the recently completed merger with Citrix's GoTo business.

The company's shares rose 7 percent as of mid-morning Wednesday to $98.20. Shares have been on a tear over the past 12 months, rising 87 percent over that time.

The Boston-based company said it plans to return the $700 million over the next three years through a combination of share buybacks and dividends. Quarterly cash dividends of 25 cents per share will begin in May.

Continue Reading...







Add New Comment

Telepresence Options welcomes your comments! You may comment using your name and email (which will not be displayed), or you may connect with your Twitter, Facebook, Google+, or DISQUS account.