Key Developments: Polycom Inc (PLCM.O)

PLCM.O on Nasdaq

12.34USD
1 Oct 2014
Price Change (% chg)

$0.05 (+0.41%)
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Latest Key Developments (Source: Significant Developments)

Polycom Inc gives Q3 2014 guidance in line with analysts' estimates - Conference Call
Wednesday, 23 Jul 2014 05:00pm EDT 

Polycom Inc:Expects Q3 2014 revenue ranging from $330 million to $340 million.Expects Q3 2014 non-GAAP EPS ranging from $0.18 to $0.20 per share.Expects Q3 2014 GAAP EPS to range from $0.07 to $0.09 per share.Q3 2014 revenue of $339 million and EPS of $0.19 - Thomson Reuters I/B/E/S.  Full Article

Polycom announces new $200 mln share repurchase authorization
Wednesday, 23 Jul 2014 04:00pm EDT 

Polycom Inc:Approves a new share repurchase authorization of up to $200 million in share repurchases.Expects to fund the share repurchases through cash on hand and future cash flow from operations.  Full Article

Polycom Inc names Laura Durr chief financial officer
Wednesday, 28 May 2014 05:30am EDT 

Polycom Inc:Says Laura Durr has been appointed chief financial officer, effective immediately.This follows Durr's appointment to Interim CFO in March 2014.  Full Article

Polycom Inc gives Q2 2014 guidance in line with analysts' estimates - Conference Call
Wednesday, 23 Apr 2014 05:00pm EDT 

Polycom Inc:Expects Q2 2014 revenue ranging from $333 million to $343 million.Expects Q2 2014 non-GAAP EPS ranging from $0.17 to $0.19 per share.Expects Q2 2014 GAAP EPS to range from $0.04 to $0.05 per share.Q2 2014 revenue of $339 million and EPS of $0.18 - Thomson Reuters I/B/E/S.  Full Article

Polycom Inc announces resignation and appointment of Interim Chief Financial Officer
Thursday, 13 Mar 2014 08:30am EDT 

Polycom Inc:Chief Accounting Officer, Laura Durr, has been appointed Interim Chief Financial Officer effective immediately and will serve in that role while Polycom conducts executive search for new Chief Financial Officer.Eric Brown will leave company to pursue other opportunities.  Full Article

Polycom Inc gives Q1 2014 guidance in line with analysts' estimates - Conference Call
Wednesday, 22 Jan 2014 05:00pm EST 

Polycom Inc:Expects Q1 2014 revenue ranging from $322 million to $332 million.Expects Q1 2014 non-GAAP EPS ranging from $0.13 to $0.15 per share.Expect Q1 2014 GAAP EPS to range from a loss of $0.15 to $0.13 per share.Says Q1 2014 guidance includes a GAAP restructuring charge of about $30 million relating to downsizing real estate footprint, as well as the reduction of about 6pct of positions worldwide.Q1 2014 revenue of $331 million and EPS of $0.14 - Thomson Reuters I/B/E/S.  Full Article

Polycom Inc announces $115 million accelerated share repurchase program
Wednesday, 4 Dec 2013 09:09pm EST 

Polycom Inc:Says plans to repurchase an aggregate of $115 million of common stock through an accelerated share repurchase (ASR) program.Says it has entered into separate ASR agreements with JPMorgan Chase Bank, N.A. and Barclays PLC.Says that this announcement represents the concluding phase of Polycom`s $400 million Return of Capital program announced on Sep. 11.Says under the terms of the ASR transactions, Polycom has agreed to repurchase a combined $115 million of its common stock with an initial delivery of approximately 8.0 million shares.Says transactions are expected to be completed by June 30, 2014.  Full Article

Polycom Inc appoints Peter A. Leav as President and Chief Executive Officer
Tuesday, 3 Dec 2013 08:30am EST 

Polycom Inc:Says Peter A. Leav has joined the company as President and Chief Executive Office.Says Leav will also serve as a Director on Polycom`s Board of Directors.Says Leav succeeds interim CEO Kevin Parker, who will continue serving as Chairman of the Board of Polycom.Says Leav assumed the role on Dec. 2, and will be based out of the company`s global headquarters in Silicon Valley.  Full Article

Polycom Inc Issues Q4 2013 EPS Guidance; Revenue Guidance Below Analysts' Estimates - Conference Call
Wednesday, 23 Oct 2013 03:30pm EDT 

Polycom Inc announced that for the fourth quarter of 2013, it expects revenue ranging from $336 million to $346 million, non-GAAP EPS ranging from $0.13 to $0.16 per share and GAAP EPS, excluding tender offer charges, to range from a loss of $0.01 to income of $0.02 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $353 million and EPS of $0.16 for the fourth quarter of 2013.  Full Article

Law Offices of Todd M. Garber Announces Class Action Lawsuit Against Polycom Inc
Monday, 16 Sep 2013 08:15pm EDT 

The Law Offices of Todd M. Garber announced that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of a class comprising all purchasers of Polycom Inc securities between July 24, 2012 and July 23, 2013, inclusive. On July 23, 2013 Polycom issued a press release announcing the resignation of the Company`s President and Chief Executive Officer, Andrew Miller. According to the Company, on July 17, 2013 the Audit Committee of the Board of Directors completed a review of certain of Mr. Miller`s expense submissions and found certain irregularities in these submissions.  Full Article

Polycom adjusted profit beats Street as cost cuts boost margins

- Videoconferencing equipment maker Polycom Inc reported a better-than-expected quarterly adjusted profit as cost cuts, including workforce reductions, boosted margins.

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