Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Pacific Growth Cuts Estimates on Polycom

Polycom Inc. (PLCM) sees $0.16-$0.18 Q1 earnings per share (pro forma) on revenues of $95-$97 million. Pacific Growth cut its estimates for Polycom.

Analyst Brian Alger told S&P MarketScope that the revenue number was "a bit concerning." He says many analysts - himself included -- cut estimates last week in anticipation of this announcement. However, actual revenue guidance was worse than expected. He has been watching sales in the month of March; the sales channel won't take any inventory, according to the analyst. The company has been able to control costs pretty well; EPS guidance allows the company "a pat on the back. "

The analyst cut his $0.80 2001 EPS estimate to $0.70 and his $491 million revenue forecast to $429 million; for 2002, he lowered his estimates for EPS from $1.08 to $1.00 and for revenues from $650 million to $600 million. He is keeping his buy rating and $25 price target on the stock. Alger says the stock is trading at historical low levels.

blog comments powered by Disqus