Ashraf Eassa
Long/short equity, contrarian, independent research, tech

Plantronics: A Great Growth Story, But Is It Priced In?

Plantronics (NYSE:PLT) is a leading provider of audio communications solutions for both enterprise/business solutions as well as the consumer space. The company has been on a tear, with shares up 39% YTD and 47% over the last 12 months. Further, the company's strong, consistent growth in a set of end markets that have also seen tremendous growth (with more to come), have made shares an incredibly solid investment over the last several years. While shares are near all-time highs, I believe that there is about 27% upside to the $60 level from current levels, an as a result would consider buying shares on a pullback (preferably broad market/macro based) to take advantage of this solid growth story.

The ...

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