Revenue Update on Polycom Inc(NASDAQ:PLCM)

Polycom Inc(NASDAQ:PLCM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $287.78M. Analysts estimated a revenue of $294.97M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.20.

Polycom Inc (PLCM) made into the market gainers list on Wednesdays trading session with the shares advancing 0.32% or 0.04 points. Due to strong positive momentum, the stock ended at $12.38, which is also near the day’s high of $12.38. The stock began the session at $12.35 and the volume stood at 24,80,434 shares. The 52-week high of the shares is $14.09 and the 52 week low is $8.79. The company has a current market capitalization of $1,679 M and it has 13,56,20,260 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 5, 2015, D Scott Mercer (director) sold 7,500 shares at $11.14 per share price.Also, 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.

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