Polycom Director Betsy S. Atkins Sells 10,000 Shares (PLCM)
Polycom (NASDAQ:PLCM) Director Betsy S. Atkins unloaded 10,000 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $13.18, for a total transaction of $131,800.00. Following the transaction, the director now directly owns 11,500 shares of the company’s stock, valued at approximately $151,570. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Polycom (NASDAQ:PLCM) traded down 4.33% on Thursday, hitting $12.82. The stock had a trading volume of 1,709,789 shares. Polycom has a one year low of $9.57 and a one year high of $14.06. The stock has a 50-day moving average of $12.74 and a 200-day moving average of $12.71. The company’s market cap is $1.756 billion.
Polycom (NASDAQ:PLCM) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.03. The company had revenue of $332.00 million for the quarter, compared to the consensus estimate of $339.05 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts predict that Polycom will post $0.81 earnings per share for the current fiscal year.
A number of research firms have recently commented on PLCM. Analysts at Raymond James reiterated an “outperform” rating on shares of Polycom in a research note on Thursday, July 24th. They now have a $16.00 price target on the stock, up previously from $14.50. Separately, analysts at Northland Securities downgraded shares of Polycom from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 24th. They now have a $14.25 price target on the stock, down previously from $15.50. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Polycom in a research note on Wednesday, May 14th. They now have a $15.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $14.64.
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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