Logitech Integrates Harmony Remote with Nest Thermostat - Analyst Blog


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Logitech International ( LOGI ) 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 system.

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 settings.

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 . ( MRCY ), Synaptics Inc . ( SYNA ) Planar Systems Inc . ( PLNR ). While Mercury Systems and Synaptics sport a Zacks Rank #1 (Strong Buy), Planar Systems carries a Zacks Rank #2 (Buy).

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This article appears in: Investing , Business , Stocks
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