LogMeIn Inc. (LOGM) and Citrix Systems Inc. (CTXS) announced a definitive merger agreement for LogMeIn to combine with Citrix's GoTo business in a Reverse Morris Trust transaction, valued at approximately $1.8 billion.
LogMeIn also reported second quarter non-GAAP EPS of $0.49, up from $0.35 in the previous year. Analysts expected EPS of $0.46. The company expects to report third quarter non-GAAP EPS of $0.52 to $0.53 and between $1.91 and $1.97 for the full year. The consensus estimates are for EPS of $0.51 and $1.88.
LogMeIn broke out of Tuesday's range going into the close and finished up by 4.40 at $69.71 on above average volume. The stock is now up 13.23 on 378K shares after the bell.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.