Research analysts at Citigroup (NYSE: C) raised their earnings per share estimates on shares of Polycom (NASDAQ: PLCM) in a report issued on Wednesday. They currently have a “buy” rating and a $24.00 price target on the company’s shares.
Separately, analysts at FBN Securities raised their price target on shares of Polycom to $25.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Analysts at Goldman Sachs (NYSE: GS) reiterated a “neutral” rating on shares of Polycom in a research note to investors on Tuesday. They now have a $21.00 price target on the stock. Also, analysts at Stifel Nicolaus raised their price target on shares of Polycom from $25.00 to $29.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock.
Polycom, Inc. (Polycom) is a provider of unified (UC) solutions and a provider of telepresence, video, voice and infrastructure solutions based on open standards. With its UC solutions, people all over the world can collaborate face-to-face without being in the same physical location. Individuals and teams can connect, solve and create through a visual experience from their desktops, meeting rooms, classrooms, and while mobile. The Company has three operating segments: Americas, which consist of North, Central and Latin Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). In March 2011, the Company acquired Accordent Technologies, Inc. In July 2011, the Company acquired Hewlett-Packard Company’s (HP) Visual Collaboration business. On October 14, 2011, it acquired ViVu, Inc.
Polycom traded down 0.48% on Wednesday, hitting $20.75. Polycom has a 52-week low of $14.45 and a 52-week high of $34.30. The stock has a 50-day moving average of $16.83 and a 200-day moving average of $20.55. The company has a market cap of $3.676 billion and a price-to-earnings ratio of 31.69.