Polycom Inc (PLCM) Releases Earnings Results, Reports EPS of $0.19 EPS

Polycom Inc (PLCM) reported quarterly earnings results on Wednesday, Apr-20-2016. The company reported $0.19 EPS for the quarter. Analysts had a consensus estimate of $0.19. The company posted revenue of $290.08 million in the period, compared to analysts expectations of $301.40 million. The company’s revenue was down -12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Polycom Inc closed down -0.12 points or -1.00% at $11.9 with 39,25,263 shares getting traded on Monday. Post opening the session at $11.95, the shares hit an intraday low of $11.67 and an intraday high of $12.13 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Aug 5, 2015, D Scott Mercer (director) sold 7,500 shares at $11.14 per share price. According to the SEC, on Aug 5, 2015, Laura Durr (CFO) sold 3,000 shares at $11.16 per share price. On Jun 16, 2015, Martha Helena Bejar (director) sold 2,500 shares at $12.84 per share price, according to the Form-4 filing with the securities and exchange commission.

Polycom Inc. offers solutions for voice video and content sharing. The Company’s 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.

Polycom Inc

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