Beaten-down Polycom (PLCM +13.6%) is soaring after topping Q3 estimates and reaching a deal to...

|By:, SA News Editor

Beaten-down Polycom (PLCM +13.6%) is soaring after topping Q3 estimates and reaching a deal to close the sale of its enterprise cordless phone business. The videoconferencing hardware vendor guided on its earnings call guidance for Q4 revenue of $345M-$355M and EPS of $0.14-$0.16 - that's below a consensus of $358.9M and $0.16, but may have been baked in following months of bad earnings news (I, II), and the decline seen in Cisco's "collaboration" hardware sales.