Welcome to our dedicated page for PLT news (Ticker: PLT), a resource for investors and traders seeking the latest updates and insights on PLT stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PLT's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PLT's position in the market.
Poly (NYSE: PLT) will release its fiscal Q3 2021 financial results on February 4, 2021, after market close. A conference call is scheduled for the same day at 2 PM PT / 5 PM ET to discuss the results. Investors can access the call via Poly's Investor Relations website. Poly specializes in premium audio and video products designed to enhance remote communication.
Poly (NYSE: PLT) has appointed Grant Hoffman as the new Executive Vice President and Chief Supply Chain Officer, effective January 28, 2021. He replaces Alejandro Bustamante, who is retiring after 26 years but will serve as an advisor until August 2021. Hoffman brings extensive experience from Lenovo Mobile and Motorola, and his expertise is expected to support Poly's strategic product expansion given the rising demand for video conferencing technology.
Poly (NYSE: PLT) announced its participation in the 23rd Annual Needham Virtual Growth Conference on January 12, 2021, at 11:45 AM PT.
The event will feature live discussions led by Dave Shull, President & CEO, and Chuck Boynton, Executive Vice President & CFO. A live audio webcast will be available on the Poly Investor Relations website, with a replay shortly after.
Poly specializes in premium audio and video products, designed to enhance remote meetings.
Poly (NYSE: PLT) has announced its participation in several upcoming financial conferences in November and December 2020. Notable events include the Credit Suisse 24th Annual Technology Conference on November 30, featuring Chuck Boynton, CFO, and the Wells Fargo Technology, Media, and Telecommunications Summit on December 1, with CEO Dave Shull and CFO Chuck Boynton. The Barclays Global Conference on December 10 and Cowen's Annual Networking Summit on December 14 will also feature key executives. A live audio webcast of the Credit Suisse event will be accessible on the Poly Investor Relations website.
Poly (NYSE: PLT) appointed Yael Zheng, chief marketing officer of Bill.com, to its Board of Directors and Strategy Committee effective November 12, 2020. Zheng brings extensive B2B marketing experience, crucial during a time of record demand for Poly's products. CEO Dave Shull expressed confidence in Zheng's ability to enhance shareholder value as the company navigates growth opportunities in a rapidly changing work environment. Zheng's prior roles include leadership positions at Medallia and VMware, where she supported significant company growth.
On November 16, 2020, Poly (NYSE: PLT) announced the granting of equity awards to Lisa Bodensteiner, its new Executive Vice President, Chief Legal and Compliance Officer. The awards include 15,000 restricted stock units (RSUs) vesting over three years and 35,000 performance stock units (PSUs) aligned with the fiscal year 2021. These awards were approved by Poly's Leadership Development and Compensation Committee as a material inducement to secure her employment, in accordance with NYSE regulations, ensuring a strategic move to strengthen corporate governance.
Poly (NYSE: PLT) has appointed Lisa Bodensteiner as executive vice president and chief legal and compliance officer, and John Goodwin as senior vice president of public affairs, enhancing its senior leadership team. Bodensteiner has extensive experience in the renewable energy sector, having previously served as general counsel at SunPower Corporation and Calpine Corporation. Goodwin brings over 20 years of expertise in media relations and corporate communications from major firms like TiVo and The Weather Channel. These appointments aim to deliver fresh perspectives and strengthen the company’s operational framework.
Poly (NYSE: PLT) reported its Q2 FY21 results, highlighting record revenue from Enterprise Headsets and Video endpoints since the Polycom acquisition. Total GAAP revenue was $411M, showing a decline from $462M in Q2 FY20. The company retired $37M of debt, ending the quarter with $228M in cash. Non-GAAP diluted EPS was $0.93, surpassing guidance of $0.25 - $0.65. The strong performance reflects Poly's focus on hybrid work solutions and potential for future growth in headsets and video markets.
Poly (NYSE: PLT) introduced the Poly Sync Family, a new range of smart USB and Bluetooth speakerphones at Zoomtopia 2020. These devices leverage proprietary technology to provide exceptional audio quality, making them suitable for remote work and office environments. The lineup includes Poly Sync 20, 40, and 60, designed for diverse hybrid work setups. The Poly Sync 20 is notable for being among the first to achieve Zoom's Personal USB Speakerphone certification, highlighting its premium audio capabilities. Availability starts from November 2020 for the Sync 20 and early 2021 for the other models.
