Post-earnings Insight - Polycom

LONDON, February 6, 2015 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings review on Polycom Inc. (NASDAQ: PLCM). On January 22, 2015, the company reported its Q4 FY14 and full-year FY14 financial results (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Polycom&d=06-Feb-2015&s=PLCM to read our free earnings review on Polycom Inc. (Polycom). During Q4 FY14, the company's non-GAAP net income improved 32% Y-o-Y, and non-GAAP EPS grew 50% Y-o-Y. President and CEO of Polycom, Peter A. Leav, expressed his pleasure with the significant turnaround in Polycom's operating performance during 2014. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=Polycom&d=06-Feb-2015&s=PLCM

Earnings Overview 

During Q4 FY14, Polycom's total revenue increased to $348.93 million from $347.94 million in Q4 FY13. The company's total revenue in Q4 FY14 outperformed Bloomberg analysts' forecasts of $347.91 million. Polycom's revenue from Europe, Middle East and Africa (EMEA) and Asia-Pacific geographical regions improved 5% Y-o-Y and 2% Y-o-Y, respectively during the reported quarter. However, revenues from the Americas geographical region fell 3% Y-o-Y in Q4 FY14. Free research on PLCM can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Polycom&d=06-Feb-2015&s=PLCM

In reported quarter, Polycom's non-GAAP operating margin improved to 12.3% from 9.8% in Q4 FY13. For Q4 FY14, the company's GAAP net income was $20.48 million, or $0.15 per diluted share, compared to GAAP net loss $1.97 million, or $0.01 loss per diluted share, in Q4 FY13. Analysts from Bloomberg had expected GAAP net income of $18.88 million, or $0.15 per diluted share, in Q4 FY14. Additionally, Polycom's non-GAAP net income came in at $33.62 million, or $0.24 per diluted share, compared to $25.39 million, or $0.16 per diluted share, in Q4 FY13.

For FY14, Polycom reported total revenue of $1.35 billion, compared to $1.37 billion in FY13. The company's FY14 total revenue outperformed Bloomberg analysts' expectation of $1.34 billion. Furthermore, Polycom's GAAP operating income was $46.45 million in FY14, compared to GAAP operating loss of $17.19 million in FY13. Sign up and read the free analyst's notes on PLCM at:

http://get.Investor-Edge.com/pdf/?c=Polycom&d=06-Feb-2015&s=PLCM

Polycom's non-GAAP operating margin was up 11.4% in FY14 from 8.9% in FY13. In FY14, the company reported GAAP net income of $42.06 million, or $0.30 per diluted share, compared to GAAP net loss of $18.08 million, or $0.11 loss per diluted share, in FY13. Analysts from Bloomberg had expected GAAP net income of $40.48 million, or $0.28 per diluted share, in FY14. Moreover, the company's non-GAAP net income increased to $120.03 million, or $0.30 per diluted share, from $93.89 million, or $0.11 per diluted share. Visit Investor-Edge and access the latest research on PLCM at:

http://get.Investor-Edge.com/pdf/?c=Polycom&d=06-Feb-2015&s=PLCM

Laura J. Durr, Chief Financial Officer and Executive Vice President at Polycom asserted that the company's operating margins grew significantly on both a quarterly and full year basis. Polycom also generated $91 million in operating cash flow and repurchased $25 million in common stock during Q4 2014, she added.

As of December 31 2014, the company reported total cash and investments balance of $688 million, compared to $584 million as on December 31 2013.

Stock Performance  

On the day following the earnings release, January 23, 2015, Polycom's stock rallied 6.94% to end the session at $13.41. Since then, the stock has moved both ways with gains outperforming losses. On the last close, Thursday, February 05, 2015, the stock surged 3.62% to finish at $13.74, after vacillating between $13.29 and $13.80. A total of 1.35 million shares were traded, which was above its three months average volume of 1.15 million shares. Over the last one month and the previous three months, the company's shares have gained 5.09% and 7.43%, respectively. Further, the stock has surged 17.64% in the past one year. Shares in Polycom closed above their 50-day and 200-day moving averages of $13.21 and $12.80, respectively. Furthermore, the stock traded at a PE ratio of 26.69 and has a Relative Strength Index (RSI) of 51.16.

Sneak Peek to Corporate Insider Trading 

In the last one month, there were two corporate insider transactions made by two individuals. On February 02, 2015, a total of 34,008 shares have been disposed at an average price of $13.04 per share and for a total value of $443,384. Peter A. Leav sold 30,000 shares at a price of $13.04 per share, while Laura J. Durr disposed 4,008 shares at price of $13.02 per share. Complimentary in-depth research on PLCM is available at:

http://get.Investor-Edge.com/pdf/?c=Polycom&d=06-Feb-2015&s=PLCM

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

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