Polycom (PLCM) : Analyst Rating Update

Polycom (PLCM) : The consensus on Polycom (PLCM) based on 3 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Polycom (NASDAQ:PLCM): The stock opened at $10.88 on Wednesday but the bulls could not build on the opening and the stock topped out at $11.01 for the day. The stock traded down to $10.79 during the day, due to lack of any buying support eventually closed down at $10.87 with a loss of -0.55% for the day. The stock had closed at $10.93 on the previous day. The total traded volume was 745,611 shares.

Also, Major Brokerage house, Raymond James downgrades its ratings on Polycom (NASDAQ:PLCM). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on April 18, 2016. The company shares have dropped -1.44% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $14.09 and the one year low was seen on Feb 17, 2016. The 50-Day Moving Average price is $11.60 and the 200 Day Moving Average price is recorded at $11.20.

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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