Shares of Logitech International LOGI hit a new 52-week high of $46.12, eventually closing a tad lower at $45.98 on Jun 14. This Zacks Rank #1 (Strong Buy) stock has a market cap of $7.6 billion. Shares of Logitech have been witnessing an upside, appreciating 36.7% in the year so far against the industry’s decline of 3.2%.Logitech is benefiting from increasing growth in Gaming, Video collaboration, Tablet & Accessories and Smart home business segments. Notably, in its fourth-quarter fiscal 2018, the company attained its highest ever yearly sales of $2.57 billion, which also marked a remarkable year-over-year jump of 16%.Moreover, with increasing customer interaction with digital content, Logitech is placed well with its products helping people to connect with digital and cloud-based platforms.Additionally, the company is witnessing growth in its addressable markets with more consumers shifting to smarter alternatives like smartphones, tablets, wireless keyboards and AI powered speakers.ASTRO Buyout Drives Gaming RevenuesLast year’s acquisition of ASTRO Gaming is helping Logitech carve a niche in the gaming peripheral market. ASTRO Gaming caters to enthusiast and professional console gamers. This acquisition is a strategic move on Logitech’s part to get a jumpstart in the console market, as it has historically targeted PCs, tablets and phones.The acquisition has helped the company to expand its reach in console gaming markets. Notably, in the last reported quarter, the company’s Gaming revenues surged 77% year over year to $127 million.Other PositivesGrowing adoption of new mobile platforms in both mature and emerging markets is fueling demand for Logitech’s peripherals and accessories. The company witnessed double-digit sales growth across most of its regions and main product categories in fiscal 2018.Logitech has been able to leverage its software and go-to-market capabilities to drive market share gains and growth. Encouragingly, the company is focused on venturing into new businesses. Over the past three years, it has witnessed success in businesses including Bluetooth Speakers and Video Collaboration through its advanced offerings. Moreover, Logitech’s cloud-based video conferencing services were also among the key growth drivers.Apart from this, over the past few quarters, the company’s tablet business has been witnessing growth in demand, which has boosted its top line.Estimate RevisionsLogitech has a strong earnings surprise history. It beat the Zacks Consensus Estimate in 15 consecutive quarters. Following last quarter’s solid results, the stock witnessed upward estimate revision for the current quarter as well as fiscal 2019.Over the last 60 days, the Zacks Consensus Estimate for the current quarter was revised a penny upward to 26 cents, indicating year-over-year increase of 8.3%. Analysts polled by Zacks expect revenues for the quarter to grow 9.5% to $580.1 million.Similarly, for fiscal 2019, the consensus estimate increased 5 cents to $1.79, indicating year-over-year growth of 11.9%. The Zacks Consensus Estimate for revenues is currently pegged at $2.8 billion, up 8%.Other Stocks to ConsiderSome other top-ranked stocks in the broader technology sector are Western Digital WDC, Mellanox MLNX and Micron MU, each sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.The long-term projected earnings growth rate for Western Digital, Mellanox and Micron is 19%, 15% and 10%, respectively.Wall Street’s Next AmazonZacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.Click for details >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis Report Logitech International S.A. (LOGI): Free Stock Analysis Report Mellanox Technologies, Ltd. (MLNX): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here.