UBS Maintains a 'Buy' on Polycom (PLCM); 2H Guidance Disappointing; New Products Could Drive Growth In 2013

UBS maintains a 'Buy' on Polycom (NASDAQ: PLCM) price target of $12.00 (from $17.00.

Analyst, Amitabh Passi, said, PLCM beat consensus estimates (and UBS estimates) for Q2, but second half guidance was disappointing."

Passi said, "Despite disappointing NT outlook, PLCM’s new, broad, product launches focused on software, cloud and web video collaboration solutions could
help drive growth mid-long term...We lower our C.Y12/CY13 EPS ests to $0.67/$0.79 from $0.86/$1.02 previously."

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 $9.11 yesterday.

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