Polycom (PLCM -2.5%) makes fresh 52-week lows again after posting its Q1 report. The...
Polycom (PLCM -2.5%) makes fresh 52-week lows again after posting its Q1 report. The videoconferencing gear vendor, recently crushed by a warning suggesting share losses to Cisco are growing, is guiding for Q2 revenue of $367M-$377M and EPS of $0.20-$0.22, below a consensus of $387.6M and $0.25. During its earnings call, Polycom blamed its woes on weak government demand, sales execution issues, and an industry shift to unified communications solutions.
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