In his first Executive Decision segment of "Mad Money" Tuesday, host Jim Cramer spoke with Bracken Darrell, CEO of Logitech International (LOGI) , the computer and gaming peripherals maker that delivered quarterly earnings of $1.87 a share when analysts were only looking for 59 cents. Logitech shares rallied nearly 16% Tuesday on the news.
Darrell said sales at Logitech have only gotten stronger as the pandemic continues. Logitech has a long history of making low-cost but high-quality products, he said, and it is applying that legacy to a whole new generation of innovative products.
Turning to the topic of video conferencing, Darrell noted that we are still in the early days of virtual meetings and virtual classrooms. In the beginning, people were doing whatever it took to simply get online. But now, they're getting comfortable with being on video and are outfitting their home offices for the long term.
Let's check and see what is going on with the charts. We reviewed LOGI back on Sept. 8 and looked for a deeper correction to unfold, but that did not materialize and prices were making new highs by the end of the month.