Plantronics Inc (PLT) was Upgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Underperform ” on the company shares. Raymond James advised their investors in a research report released on May 4, 2016.
On the company’s financial health, Plantronics Inc reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.55. The company had revenue of $209.80 million for the quarter, compared to analysts expectations of $205.07 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
Plantronics Inc opened for trading at $38.49 and hit $39.72 on the upside on Monday, eventually ending the session at $39.66, with a gain of 3.15% or 1.21 points. The heightened volatility saw the trading volume jump to 3,40,730 shares. Company has a market cap of $1,335 M.
In a different news, on Mar 14, 2016, Philip Vanhoutte (TOP EXECUTIVE OFFICER – MAJOR) sold 17,941 shares at $37.53 per share price. According to the SEC, on Mar 8, 2016, Donald S Houston (TOP SALES EXECUTIVE – GLOBAL.E) sold 5,000 shares at $38.80 per share price. On Nov 23, 2015, Joseph B Burton (TOP DEVELOPMENT ENGINEERING EX) sold 3,800 shares at $52.75 per share price, according to the Form-4 filing with the securities and exchange commission.
Plantronics Inc. (Plantronics) is engaged in the design manufacture and distribution of headsets for business and consumer applications and other specialty products for the hearing impaired. The Company is a global designer manufacturer and marketer of lightweight communications headsets telephone headset systems other communication endpoints and accessories for the business and consumer markets under the Plantronics brand. Its headsets are used for applications such as Unified Communications (UC) in contact centers in the office and in the home with mobile phones and Internet telephony for gaming and for other specialty applications. Its product categories include Enterprise which includes corded and cordless communication headsets audio processors and telephone systems; and Consumer which includes Bluetooth and corded products for mobile phone applications personal computer (PC) and gaming headsets and specialty products marketed for hearing impaired individuals.