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Stock Market & Financial Investment News

News Breaks
February 15, 2013
10:04 EDTLOGMLogMeln plunges after results, downgrades, levels to watch
The stock is one of the biggest losers on the session, falling further than its extended session last night. Shares have been downgraded this morning by JPMorgan, Oppenheimer, and Piper Jaffray. The company slashed its guidance for fiscal year 2013 to a range of 43 cents to 49 cents versus consensus of 81 cents. At the current price of $17.37, resistance is at $17.85, a level of support from last evening. Current support is at $16.71, a low area from early 2010.
News For LOGM From The Last 14 Days
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September 4, 2014
09:04 EDTLOGMLogMeln acquires Meldium for about $15M cash
LogMeIn announced the acquisition of San Francisco-based Meldium, incorporated as BBA, Inc., a provider of intuitive single-sign-on, or SSO, password management, and identity and access management, or IAM, solutions. The acquisition immediately expands LogMeIn's popular IT portfolio with an elegant SSO offering, while introducing a natural extension of the identity, cloud app, and device management capabilities in its other IT management products. As a result, the deal is expected to build upon and accelerate LogMeIn's strategic initiative of empowering IT professionals to embrace, manage, and secure today's cloud-centric, consumerized, workplace. Under the terms of the transaction, LogMeIn acquired BBA, Inc. for approximately $15M in cash, a portion of which is performance and retention based and is expected to be paid over time.

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