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Polycom (NASDAQ:PLCM) set a new 52-week high during trading hours on Friday, American Banking News.com reports. The company traded as high as $12.35 and last traded at $12.32, with a volume of 2,975,572 shares. The stock had previously closed at $12.05.

A number of analysts have recently weighed in on PLCM shares. Analysts at Citigroup Inc. initiated coverage on shares of Polycom in a research note to investors on Tuesday, December 10th. They set a “neutral” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Polycom in a research note to investors on Tuesday, November 12th. They now have a $11.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Polycom has a consensus rating of “Hold” and a consensus target price of $11.00.

Polycom has a 52-week low of $9.00 and a 52-week high of $12.40. The stock has a 50-day moving average of $11.64 and a 200-day moving average of $10.78. The company’s market cap is $1.670 billion.

Polycom (NASDAQ:PLCM) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.01. The company had revenue of $348.00 million for the quarter, compared to the consensus estimate of $341.62 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, analysts predict that Polycom will post $0.72 earnings per share for the current fiscal year.

Polycom, Inc is a provider of unified communications (NASDAQ:PLCM) solutions and a provider of telepresence, video, voice and infrastructure solutions based on open standards.

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