NEW YORK (TheStreet) -- Shares of Polycom Inc. are higher by 8.70% to $13.62 in early afternoon trading on Friday, after the company reported its 2014 fourth quarter earnings results which improved year-over-year and beat analysts' expectations. For the most recent quarter the communications and networking company said its non-GAAP net income was $34 million, or 24 cents per diluted share. For the year ago period Polycom reported net income of $25.4 million, or 16 cents per share. Analysts had forecast for earnings of 20 cents per share. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Polycom's revenue for the latest quarter was $349 million versus $347.9 million for the 2013 fourth quarter. Analysts anticipated revenue of $334.07 million for the 2014 fourth quarter. Separately, TheStreet Ratings team rates POLYCOM INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation: "We rate POLYCOM INC (PLCM) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall." You can view the full analysis from the report here: PLCM Ratings Report PLCM data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Click to view a price quote on PLCM. Click to research the Telecommunications industry.
from Latest TSC Headlines http://ift.tt/1ySvucC
No comments:
Post a Comment