This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

9 IT Services Stocks With Upside

Stocks in this article: VRSN SAPE EQIX SYNT IGTE LOGM INXN

4. LogMeIn (LOGM) offers on-demand, remote-connectivity and support solutions for small- and medium-sized businesses (SMBs), information technology (IT) service providers, mobile carriers and consumers. The company's solutions enable users to remotely access support and manage computers and other Internet-enabled devices on demand, as well as to collaborate with other users.

All the 10 analysts covering the stock recommend a buy. The stock's average 12-month price target is $47.14, which is 25% higher than the current price, according to a Bloomberg consensus.

For the 2011 third quarter, total revenue was up 22% year-over-year to $31.0 million from $25.3 million during the third quarter of 2010. Core product revenue, excluding $1.7 million revenue from the company's Intel agreement in the third quarter of 2010, grew 31% year-over-year. Net income for the 2011 third quarter stood at $1.1 million, or 4 cents per diluted share. Cash flow from operations reached $10.2 million, vs. $7.0 million in the 2010 third quarter.

For the fourth quarter of 2011, the company expects revenue to be in the range of $31.6 million to $32.0 million, while GAAP net income are seen in the range of $1.5 million to $1.8 million, or 6 cents to 7 cents per diluted share.

For full year 2011 outlook, the company expects revenue in the range of $118.7 million to $119.1 million, while GAAP net income including the stock compensation expense, acquisition related expenses, and patent litigation related expenses are forecast between $5.2 million and $5.5 million, or 21cents to 22 cents per diluted share.

Last month, LogMeIn launched a free mobile app to bring its signature remote desktop capabilities to more iPads and iPhones. Pachube, a LogMeIn company, has just released the beta of OnBoard, a turnkey service for commercial manufacturers to get their devices onto the Internet of Things and create Internet-connected services.

7 of 10

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs