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| 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 |
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
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
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EFFECT - PLANTRONICS INC /CA/ (0000914025) (Filer)
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
4 - PLANTRONICS INC /CA/ (0000914025) (Issuer)
4 - PLANTRONICS INC /CA/ (0000914025) (Issuer)
4 - PLANTRONICS INC /CA/ (0000914025) (Issuer)
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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.
Plantronics (NYSE:POLY) reported quarterly earnings of $0.37 per share. This is a 38.33 percent decrease over earnings of $0.60 per share from the same period last year. The company reported $416.00 million in sales this quarter. This is a 3.80 percent decrease over sales of $432.43 million the same period last year.
Plantronics (NYSE:POLY) brought in sales totaling $421.85 million during Q4 according to data provided by Benzinga Pro. However, earnings decreased 176.72%, resulting in a loss of $30.89 million. In Q3, Plantronics brought in $410.47 million in sales but lost $11.16 million in earnings. What Is ROCE? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q4, Plantronics posted an ROCE of -1.5
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.