Polycom Inc. (PLCM) announced Thursday morning that it now expects to report first quarter non-GAAP EPS of $0.21 to $0.23 and revenues of $364 million to $370 million. The consensus estimates are for EPS of $0.30 and revenues of $400.67 million.
Polycom gapped open sharply lower Thursday and drifted further during the final 2 hours of trade. The stock closed down by 3.63 at $14.56 on the highest volume in over 5 months. Polycom dropped below a one-month range and set over a 5-month low.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.