Plantronics

(PLT) - Get Report

said today it will buy back up to 1 million common shares.

Currently, the company, a maker of lightweight headsets and accessories, has about 49 million shares outstanding. The company, which is based in Santa Cruz, Calif., already repurchased 1 million shares in a previous buyback program.

On Feb. 12, Plantronics said it expects bookings and revenue for the fiscal fourth quarter to

fall below forecasts and cut its earnings projections.

Shares of Plantronics rose 8 cents, or 0.3%, to $26.90 in recent

New York Stock Exchange

composite trading.