Investor Alert

New York Markets Open in:

Market Pulse Archives

March 26, 2020, 3:48 p.m. EDT

LogMeIn says usage of its remote-access tools jumped as much as 300% in past week

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Emily Bary


LogMeIn Inc. provided new usage statistics Thursday as the COVID-19 outbreak prompts more people to work from home and access remote tools. The company disclosed that use of remote-access tools including LogMeIn Pro and GoToMyPC rose as much as 300% in the past week while the company's unified-communications platform GoToConnect witnessed a 93% boost in voice calls with growth up nearly 20% day over day. Usage of LogMeIn's video-conference and meetings tools is up as much as 10 times from earlier 2020 levels, before the big spike in remote work that was brought on by COVID-19, a spokesperson said. LogMeIn shares have held up better than the overall market in the past month, falling about 4% compared with a 17% drop for the S&P 500 /zigman2/quotes/210599714/realtime SPX -2.57% .

-98.85 -2.57%
Volume: 3.80B
Jan. 27, 2021 4:53p

Get news alerts on S&P 500 Index — or create your own.
This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.