Polycom Stock Gaps Up On Today's Open (PLCM)

NEW YORK ( TheStreet) -- Shares of Polycom (Nasdaq: PLCM) were gapping up Tuesday morning with an open price 14.7% higher than Monday's closing price. The stock closed at $18.42 Monday and opened today's trading at $21.13.

The average volume for Polycom has been 2.6 million shares per day over the past 30 days. Polycom has a market cap of $3.14 billion and is part of the technology sector and telecommunications industry. Shares are up 13% year to date as of the close of trading on Monday.

Polycom, Inc. provides communications solutions to enterprise, government, education, and healthcare customers to enable voice, video, and content communications. The company has a P/E ratio of 16.9, below the average telecommunications industry P/E ratio of 26.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Polycom as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Polycom Ratings Report.

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