Polycom Stock Hits New 52-Week Low (PLCM)

NEW YORK ( TheStreet) -- Polycom (Nasdaq: PLCM) hit a new 52-week low Monday as it is currently trading at $9.87, below its previous 52-week low of $9.91 with 328,527 shares traded as of 10:25 a.m. ET. Average volume has been four million shares over the past 30 days.

Polycom has a market cap of $1.89 billion and is part of the technology sector and telecommunications industry. Shares are down 36.7% year to date as of the close of trading on Friday.

Polycom, Inc. provides communications equipment that enables businesses, telecommunications service providers, governmental and educational institutions, and healthcare customers to conduct video, voice, data, and Web communications. The company has a P/E ratio of 16.6, above the average telecommunications industry P/E ratio of 16.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Polycom as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and weak operating cash flow. You can view the full Polycom Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.
null

If you liked this article you might like

5 Tech Stocks George Soros Loves for 2016

5 Tech Stocks George Soros Loves for 2016

Polycom (PLCM) Stock Advancing on Mixed Q2 Results

Polycom (PLCM) Stock Advancing on Mixed Q2 Results

Polycom (PLCM) Stock Spiked Today on Siris Deal

Polycom (PLCM) Stock Spiked Today on Siris Deal

S&P 500 Hovers at Records as Jobs Report Brings Economic Confidence

S&P 500 Hovers at Records as Jobs Report Brings Economic Confidence

Mitel's Breakup With Polycom Has Major Silver Lining

Mitel's Breakup With Polycom Has Major Silver Lining