Polycom Rises On Unusually High Volume (PLCM)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Polycom (Nasdaq: PLCM) is trading at unusually high volume Wednesday with 6.1 million shares changing hands. It is currently at two times its average daily volume and trading up 69 cents (+6.5%) at $11.34 as of 1:36 p.m. ET.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Polycom has a market cap of $1.88 billion and is part of the technology sector and telecommunications industry. Shares are up 1.8% year to date as of the close of trading on Tuesday.

Polycom, Inc. provides standards-based unified communications and collaboration (UC&C) solutions for voice and video collaboration.

TheStreet Ratings rates Polycom as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Polycom Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

5 Tech Stocks George Soros Loves for 2016

Polycom (PLCM) Stock Advancing on Mixed Q2 Results

Polycom (PLCM) Stock Spiked Today on Siris Deal

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

Mitel's Breakup With Polycom Has Major Silver Lining