Analyst Rating Update on Polycom (PLCM)

Polycom (NASDAQ:PLCM) : 3 analysts are covering Polycom (NASDAQ:PLCM) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Raymond James downgrades its rating on Polycom (NASDAQ:PLCM).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on April 18, 2016.

Polycom (NASDAQ:PLCM): stock turned positive on Tuesday. Though the stock opened at $11.04, the bulls momentum made the stock top out at $11.185 level for the day. The stock recorded a low of $10.89 and closed the trading day at $11, in the green by 0.27%. The total traded volume for the day was 1,151,886. The stock had closed at $10.97 in the previous days trading.

In an insider trading activity,The director of Polycom Inc, Mercer D Scott sold 7,500 shares at $11.14 on August 3, 2015. The Insider selling transaction had a total value worth of $83,550. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Polycom, Inc. offers solutions for voice, video and content sharing. The Companys video, voice and content-management and content-sharing solutions include immersive telepresence and conference room systems, home/work office solutions, applications for mobile devices, browser-based video collaboration and cloud-delivered services. The Company operates in three geographic segments: Americas, Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company offers various products and solutions, which include UC Group Systems, UC Platform and UC Personal Devices. UC Group Systems includes immersive telepresence, group video and group voice systems. UC Platform includes universal collaboration servers, virtualization management (distributed media optimization), resource management, and recording and streaming and remote access technologies that constitute the RealPresence Platform. UC Personal Devices includes desktop video devices and desktop voice products.

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