) recently announced an upgrade to its Harmony Ultimate remote to
help control home devices through a single remote. The company has
recently integrated the Nest Thermostat feature into the Harmony
remote, allowing customers the convenience of adjusting temperature
along with changing modes or completely switching off the
The Logitech Harmony remote controls various devices in a
household and enables users to perform a wide range of tasks such
as diming Phillips Hue lights, turning on a TV, starting a movie
among other functions. The latest Nest Thermostat inclusion has
widened the scope of the Harmony Ultimate remote operations and
users will now enjoy additional features of the remote. Apart from
adjusting temperature, the Nest Thermostat feature will also allow
customers the convenience of adjusting temperature along with
changing modes or completely switching off the system.
As both the remote and Nest Thermostat are connected to the
user's home network, the lifting of the remote notifies Nest
Thermostat that it needs to adjust temperature according to custom
Logitech is a leading developer of peripherals for personal
computers and other digital platforms. The company also develops
and markets innovative products in PC navigation, Internet
communications, digital music, home-entertainment control, video
security, interactive gaming and wireless devices.
In the last reported quarter (fourth quarter 2014), Logitech's
remote category reported 15.3% growth in revenues, bringing the
total to $13.1 million.
Logitech currently has a Zacks Rank #3 (Hold). Some
better-ranked companies in the industry include
Mercury Systems Inc
Planar Systems Inc
). While Mercury Systems and Synaptics sport a Zacks Rank #1
(Strong Buy), Planar Systems carries a Zacks Rank #2 (Buy).
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LOGITECH INTL (LOGI): Free Stock Analysis
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MERCURY SYSTEMS (MRCY): Free Stock Analysis
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