UBS Maintains a 'Buy' on Polycom (PLCM); Is This a Value Trap or Value Pick?
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Price: $12.47 --0%
Rating Summary:
2 Buy, 12 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 12 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on Polycom (NASDAQ: PLCM) price target lowered from $22.50 to $17.
Analyst, Jack Monti, said, "Despite Polycom’s recent disappointing 1Q performance, it remains a leader in the unified communications space, has strong partnerships (Microsoft (Nasdaq: MSFT), IBM (NYSE: IBM), HP (NYSE: HPQ) and others), competes in growing market (analysts estimate a ~14-18% grower), and has a strong balance sheet (~$620M in net cash/ $3.50 per shr). It is increasing focus on large enterprises, ramping productivity of new sales reps, and expects VAS and SAS products to launch in 2H12, all likely to help near-term challenges...We now forecast CY12 and CY13 sales and EPS of $1.54B (+3%) and $0.91 and $1.65B (+7%) and $1.02."
For an analyst ratings summary and ratings history on Polycom click here. For more ratings news on Polycom click here.
Shares of Polycom closed at $13.30 yesterday.
Analyst, Jack Monti, said, "Despite Polycom’s recent disappointing 1Q performance, it remains a leader in the unified communications space, has strong partnerships (Microsoft (Nasdaq: MSFT), IBM (NYSE: IBM), HP (NYSE: HPQ) and others), competes in growing market (analysts estimate a ~14-18% grower), and has a strong balance sheet (~$620M in net cash/ $3.50 per shr). It is increasing focus on large enterprises, ramping productivity of new sales reps, and expects VAS and SAS products to launch in 2H12, all likely to help near-term challenges...We now forecast CY12 and CY13 sales and EPS of $1.54B (+3%) and $0.91 and $1.65B (+7%) and $1.02."
For an analyst ratings summary and ratings history on Polycom click here. For more ratings news on Polycom click here.
Shares of Polycom closed at $13.30 yesterday.
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