Computer peripherals and software company, Logitech International (NASDAQ: LOGI) was on a downward trajectory at the time of writing in pre-market trading on Wednesday after the company announced the departure of Bracken Darrell, President and CEO effective from today.
Darrell has resigned from the company to pursue another opportunity, but he will remain with Logitech “to ensure a seamless transition.”Board member Guy Gecht will be the interim CEO while a global search for candidates is conducted.
Analysts are cautiously optimistic about LOGI stock with a Moderate Buy consensus rating based on five Buys, four Holds, and one Sell.
