Plantronics, Inc. designs, manufactures, markets, and sells integrated communications and collaborations solutions for corporate customers, small businesses, and individuals in the United States, Europe, the Middle East, Africa, the Asia Pacific, and rest of the Americas. Its principal product categories include headsets, which comprises wired and wireless communication headsets; voice that includes open session initiation protocol and native ecosystem desktop phones, and conference room phones; video conferencing solutions and peripherals, including cameras, speakers, and microphones designed to work with a range of unified communication and collaboration, unified communication as a service, and video as a service environments, including RealPresence collaboration solutions of infrastructure to endpoints that allows people to connect and collaborate; and content sharing solutions. The company also offers services that include video interoperability, and hardware and support for our solutions and hardware devices, as well as professional, hosted, and managed services; and cloud management and analytics software, which enables information technology administrators to configure and update firmware, monitor device usage, troubleshoot, and gain understanding of user behavior. It sells its products through value-added resellers, integrators, direct marketing resellers, service providers, direct and indirect resellers, network and systems integrators, enterprise distributors, wireless carriers, and mass merchants, as well as through both traditional and online retailers, and e-commerce channels under the Poly, Plantronics, and Polycom brands. Plantronics, Inc. was incorporated in 1961 and is headquartered in Santa Cruz, California.
IPO Year:
Exchange: NYSE
Website: poly.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/30/2021 | $37.00 → $35.00 | Equal-Weight | Morgan Stanley |
| 7/6/2021 | $31.00 → $37.00 | Equal-Weight | Morgan Stanley |
Virtual event leader onboards former Cisco (NASDAQ:CSCO), 8x8 (NASDAQ:EGHT) President, and Polycom (NASDAQ:POLY) executive to lead premium webcasting solution into the next phase of world-class virtual event services GlobalMeet, the fastest-growing, unrivaled leader in virtual event technology used by 5 out of 10 of the largest US banks, all Big Four Consulting Firms, and 50% of Fortune 500 pharmaceutical and biotech companies, today announces the appointment of visionary leader Kim Niederman as CEO. GlobalMeet enables live and fully interactive events to audiences as large as 100,000+ people. Niederman has a formidable track record in steering tech companies to record success and will dr
SANTA CRUZ, Calif., June 14, 2021 /PRNewswire/ -- Poly (NYSE:POLY) today announced the appointment of Warren Schlichting as its Executive Vice President, Chief Operating Officer (COO), effective June 14, 2021. Mr. Schlichting joins Poly as the company's first COO under Poly President and CEO, Dave Shull. Schlichting will oversee product and services business units, product and alliance marketing, corporate strategy and business development. He will also serve as executive sponsor of Poly's Low Carbon Solutions pillar under the company's Corporate Social Responsibility work to reduce emissions.
Morgan Stanley reiterated coverage of Plantronics with a rating of Equal-Weight and set a new price target of $35.00 from $37.00 previously
Morgan Stanley reiterated coverage of Plantronics with a rating of Equal-Weight and set a new price target of $37.00 from $31.00 previously
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Virtual event leader onboards former Cisco (NASDAQ:CSCO), 8x8 (NASDAQ:EGHT) President, and Polycom (NASDAQ:POLY) executive to lead premium webcasting solution into the next phase of world-class virtual event services GlobalMeet, the fastest-growing, unrivaled leader in virtual event technology used by 5 out of 10 of the largest US banks, all Big Four Consulting Firms, and 50% of Fortune 500 pharmaceutical and biotech companies, today announces the appointment of visionary leader Kim Niederman as CEO. GlobalMeet enables live and fully interactive events to audiences as large as 100,000+ people. Niederman has a formidable track record in steering tech companies to record success and will dr
Poly's Breadth of Pro-Grade Audio and Video Solutions Take Hybrid Work to the Next Level SANTA CRUZ, Calif., Oct. 12, 2022 /PRNewswire/ -- Poly, a global provider of pro-grade audio and video solutions, today announced its expanded portfolio of Microsoft Teams certified solutions designed to deliver greater meeting equity and collaboration worldwide. Poly's diverse product portfolio of Microsoft Teams certified devices are designed for every type of meeting space and workstyle. The latest Poly Microsoft Teams certified devices and solution updates include: Poly Strengthens its
Provides a direct line for Poly's developer and partner community to access APIs in one central hub RapidAPI, provider of the world's largest API Hub that enables millions of developers and enterprises to find, connect to and manage thousands of APIs, today announced the launch of Poly API Marketplace. Poly is a global outfitter of professional-grade audio and video technology. The newly formed hub is a single platform powered by RapidAPI for third-party software developers to find, connect to, and manage APIs across Poly's vast ecosystem of technology solutions. Hybrid work, transitions to the cloud, divergence from standards and a return to office have all led to a complex marketplace o
NEW YORK, Aug. 29, 2022 /PRNewswire/ -- Avid Technology Inc. (NASD:AVID) will replace Plantronics Inc. (NYSE:POLY) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, September 1. S&P 500 constituent HP Inc. (NYSE:HPQ) acquired Plantronics in a deal that closed today. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Sept. 1, 2022 S&P SmallCap 600 Addition Avid Technology AVID Information Technology S&P SmallCap 600 Deletion Plantronics POLY Information Technology For more information about S&P Dow Jones Indices, please visit www.spdji.com A
Findings show collaboration tools designed to deliver workplace equity are fundamental in today's hybrid landscape SANTA CRUZ, Calif., Aug. 16, 2022 /PRNewswire/ -- A new report from Poly (NYSE:POLY) today indicates that the key to a successful return to office (RTO) is reliant on an organization's hybrid work strategy. The "Journey to Hybrid Working" report highlights that getting employees back to the office in a hybrid model is being impacted by a reluctance to return, with employees citing concerns over work-life balance and productivity. "In today's modern day hybrid work
PALO ALTO, Calif., Aug. 15, 2022 (GLOBE NEWSWIRE) -- HP Inc. (NYSE:HPQ) ("HP" or the "Company") announced today that it has further extended the previously extended expiration date of the previously announced offer to exchange (the "Exchange Offer") any and all outstanding notes (the "Poly Notes") of Plantronics, Inc. (NYSE:POLY) ("Poly") for up to $500,000,000 aggregate principal amount of new notes to be issued by the Company (the "HP Notes"). HP hereby extends such expiration date from 5:00 p.m., New York City time, on August 15, 2022, to 5:00 p.m., New York City time, on August 31, 2022 (as the same may be further extended, the "Expiration Date"). At 5:00 p.m., New York City time, o
SANTA CRUZ, Calif., Aug. 11, 2022 /PRNewswire/ -- Poly (NYSE:POLY), a global outfitter of professional-grade audio and video technology, today announced first quarter results for the period ended July 2, 2022. Highlights for the first quarter include: GAAP revenues for fiscal Q1 were $416M, a 4% year-over-year decline driven primarily by supply chain constraints impacting all product categories. Headset revenue of $176M and Voice revenue of $65M grew 2% and 7% year over year, respectively, while Video revenues of $123M and Services revenue of $52M declined -11% and -14%, respe
PALO ALTO, Calif., Aug. 01, 2022 (GLOBE NEWSWIRE) -- HP Inc. (NYSE:HPQ) ("HP" or the "Company") announced today that it has extended the expiration date of the previously announced offer to exchange (the "Exchange Offer") any and all outstanding notes (the "Poly Notes") of Plantronics, Inc. (NYSE:POLY) ("Poly") for up to $500,000,000 aggregate principal amount of new notes to be issued by the Company (the "HP Notes"). HP hereby extends such expiration date from 11:59 p.m., New York City time, on August 1, 2022, to 5:00 p.m., New York City time, on August 15, 2022 (as the same may be further extended, the "Expiration Date"). At 5:00 p.m., New York City time, on July 18, 2022 (the "Early Pa
"Get Connected" helps bolster productivity and streamline voice collaboration anywhere and at any time PLANO, Texas, July 27, 2022 /PRNewswire/ -- Ribbon Communications Inc. (NASDAQ:RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced it has partnered with Poly and TD SYNNEX to launch the "Get Connected" Microsoft Teams bundle. The new solution offers remote and hybrid businesses a quick, risk-free approach to adopting Microsoft Teams so employees can stay focused, engaged and efficient reg
PALO ALTO, Calif., July 19, 2022 (GLOBE NEWSWIRE) -- HP Inc. (NYSE:HPQ) ("HP" or the "Company") announced today that it has received the requisite consents to adopt certain proposed amendments (the "Amendments") with respect to all outstanding notes (the "Poly Notes") of Plantronics, Inc. (NYSE:POLY) ("Poly"). The results are based on early tenders in (i) the offer to exchange (the "Exchange Offer") any and all outstanding Poly Notes for up to $500,000,000 aggregate principal amount of new notes to be issued by the Company (the "HP Notes") and (ii) the related solicitation of consents (the "Consent Solicitation" and, together with the Exchange Offer, the "Exchange Offer and Consent Solicit
SANTA CRUZ, Calif., Aug. 11, 2022 /PRNewswire/ -- Poly (NYSE:POLY), a global outfitter of professional-grade audio and video technology, today announced first quarter results for the period ended July 2, 2022. Highlights for the first quarter include: GAAP revenues for fiscal Q1 were $416M, a 4% year-over-year decline driven primarily by supply chain constraints impacting all product categories. Headset revenue of $176M and Voice revenue of $65M grew 2% and 7% year over year, respectively, while Video revenues of $123M and Services revenue of $52M declined -11% and -14%, respe
SANTA CRUZ, Calif., May 27, 2022 /PRNewswire/ -- Poly (NYSE:POLY), a global outfitter of professional-grade audio and video technology, today announced fourth quarter results for the period ended April 2, 2022. Highlights for the fourth quarter and full-year fiscal 2022 include:On March 28, 2022, Poly announced it had entered into a definitive merger agreement with HP, Inc. (NYSE:HPQ), a leading global provider of workplace solutions, in an all-cash transaction for $40 per share, implying a total enterprise value of approximately $3.3 billion, inclusive of Poly's net debt.GAAP revenues for fiscal Q4 were $421M, a 12% year-over-year decline driven primarily by supply chain constraints impacti
PALO ALTO, Calif. and SANTA CRUZ, Calif., March 28, 2022 (GLOBE NEWSWIRE) -- HP Inc. (NYSE:HPQ) today announced a definitive agreement to acquire Poly (NYSE:POLY), a leading global provider of workplace collaboration solutions, in an all-cash transaction for $40 per share, implying a total enterprise value of $3.3 billion, inclusive of Poly's net debt. The acquisition accelerates HP's strategy to create a more growth-oriented portfolio, further strengthens its industry opportunity in hybrid work solutions, and positions the company for long-term sustainable growth and value creation. The rise of hybrid work is creating sustained demand for technology that enables seamless collaborati
SANTA CRUZ, Calif., Feb. 8, 2022 /PRNewswire/ -- Poly (NYSE:POLY), a global outfitter of professional-grade audio and video technology, today announced third quarter results for the period ended January 1, 2022. Highlights for the third quarter include: The Company delivered GAAP revenues of $410M, while supply chain constraints drove increased backlog across all product categories. The demand environment remains robust, as businesses worldwide prepare for a return to office and adjust to a hybrid work model.Poly continues to strengthen its strategic alliances with Microsoft,
SANTA CRUZ, Calif., Jan. 12, 2022 /PRNewswire/ -- Poly (NYSE:POLY) today announced it expects to release its third quarter fiscal year 2022 financial results before the market opens on February 8, 2022. The company will host a conference call and webcast on the same day at 5:30 a.m. Pacific / 8:30 a.m. Eastern to discuss these results. Investors are invited to listen to the event by accessing the webcast links on Poly's Investor Relations website at investor.poly.com/. About Poly Poly (NYSE:POLY) creates premium audio and video products so you can have your best meeting -- an
SANTA CRUZ, Calif., Oct. 28, 2021 /PRNewswire/ -- Poly (NYSE:POLY), a global outfitter of professional-grade audio and video technology, today announced second quarter results for the period ended October 2, 2021. Highlights for the second quarter include: Demand environment remains intact as businesses worldwide prepare for a return to office by modernizing their communications infrastructure, reflected by year-over-year revenue growth in Voice of 36% and Video of 15%. Professional Headsets revenue declined 5% year-over-year but grew 8% sequentially. Poly gained significant
SANTA CRUZ, Calif., Oct. 13, 2021 /PRNewswire/ -- Poly (NYSE:POLY) today announced it expects to release its second quarter fiscal year 2022 financial results after the market close on October 28, 2021. The company will host a conference call on the same day at 2pm Pacific / 5pm Eastern to discuss these results. Investors are invited to listen to the event by accessing the webcast links on Poly's Investor Relations website at investor.poly.com/. About Poly Poly (NYSE:POLY) creates premium audio and video products so you can have your best meeting -- anywhe
SANTA CRUZ, Calif., July 29, 2021 /PRNewswire/ -- Poly (NYSE:POLY), a global outfitter of professional-grade audio and video technology, today announced first quarter results for the period ended July 3, 2021. Highlights for the first quarter include: Poly sales momentum continues with fiscal Q1 revenues growing 20% year over year, driven by continued strength in Video and rebounding Voice demand, growing 94% and 34%, respectively, reflecting the continued need for reliable, high-fidelity solutions for both hybrid work and return to office. The Company has entered an OEM agre
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