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POLY - POLY STOCK NEWS

Welcome to our dedicated page for POLY news (Ticker: POLY), a resource for investors and traders seeking the latest updates and insights on POLY stock.

Poly, formerly known as Plantronics and Polycom, is a leading company in the audio and video communications industry. Poly's portfolio includes premium headsets, video and audio-conferencing products, desk phones, and analytics software. These products are meticulously designed and engineered to provide users with seamless and clear communication experiences.

The company's solutions are pro-grade and easy to use, ensuring compatibility with all major video and audio conferencing services. Whether it's for a remote meeting, a conference call, or a video interview, Poly's products allow users to connect with incredible clarity.

Poly is committed to helping people stand out in their professional communications. The company’s headsets and conferencing products are designed to facilitate better collaboration and productivity, regardless of the location. Recent achievements include innovative designs in video conferencing systems and enhancements in audio quality for their headsets and desk phones.

In terms of financial condition, Poly has maintained a strong presence in the market by continuously adapting to the needs of modern workplaces. Their partnerships with leading conferencing service providers ensure that their products remain at the forefront of technology.

With a focus on delivering high-quality products and services, Poly aims to keep people connected anytime, anywhere, and every time.

Latest News: Source: GlobalMeet

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On Aug. 10, 2021, Poly (NYSE: POLY) announced a partnership with KORU Independent AP Academy in London to enhance remote learning. The academy, catering to students aged 11-16, implemented Poly's professional-grade technology, including EagleEye Mini cameras and Blackwire 3200 headsets. This collaboration aims to provide uninterrupted learning experiences, ensuring accessibility for all students. In just six weeks, these solutions were fully deployed, enabling a hybrid learning approach. The partnership highlights the critical role of technology in adapting to educational challenges during the pandemic.

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Poly (NYSE: POLY) reported strong fiscal Q1 results with revenues up by 20% year-over-year, reaching $431 million, driven by a 94% increase in Video demand and a 34% rise in Voice technology. The company entered an OEM agreement with a PC manufacturer and was recognized as a finalist for the Microsoft Partner of the Year award. However, GAAP gross margin fell to 40.6%, down from 43.9%. Despite operational challenges, Poly expects Q2 revenues between $420M and $440M, with non-GAAP diluted EPS guidance of $0.50 to $0.70.

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On July 15, 2021, Poly (NYSE: POLY) announced the grant of equity awards to Warren Schlichting, appointed as Executive Vice President and Chief Operating Officer effective June 14, 2021. These awards include 28,125 restricted stock units (RSUs) vesting over three years and 65,625 performance stock units (PSUs) tied to the company's fiscal year 2022 performance metrics. The awards comply with NYSE Rule 303A.08, necessitating public announcements for inducement grants. This strategic appointment and associated equity awards aim to enhance leadership effectiveness at Poly.

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Poly (NYSE: POLY) announced it will release its first quarter fiscal year 2022 financial results on July 29, 2021, after market close. A conference call will take place the same day at 2 PM Pacific / 5 PM Eastern to discuss the results. Investors can access the call via the Investor Relations website. The company specializes in advanced audio and video products for effective communication.

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Poly (NYSE: POLY) announced on June 15, 2021 the execution of an interest rate hedge transaction aimed at minimizing the risk of rising interest rates. This hedge will fix the rate on much of its floating-rate term loan at 2.9% effective July 30, 2021, replacing a prior hedge at 5.3%. CFO Chuck Boynton stated this move, alongside earlier bond refinancing, significantly reduces interest rate risks, leading to a more predictable expense structure that will enhance shareholder value.

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Poly has announced an investment and partnership with CLIPr, a video analysis platform, to enhance productivity via AI-driven video indexing. This collaboration aims to utilize CLIPr’s services for managing recorded video assets like global sales meetings. With a significant rise in virtual meetings, the partnership addresses the challenges of video fatigue and inefficiencies. CLIPr’s platform processes videos to highlight key moments, optimizing content retrieval and follow-ups, ultimately improving employee performance and meeting experiences.

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Poly (NYSE: POLY) appointed Warren Schlichting as Executive Vice President and Chief Operating Officer, effective June 14, 2021. Schlichting, the first COO under CEO Dave Shull, will manage product units and corporate strategy while championing Poly's Low Carbon Solutions. His extensive experience includes leadership roles at Sling TV and DISH, where he drove profitability and forged key partnerships. This appointment aims to bolster Poly's growth ambitions and enhance operational capabilities amid ongoing shifts in global communication needs.

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Poly has been awarded the 2021 Global Product Leadership Award by Frost & Sullivan for its innovative Blackwire 8225 corded UC headsets. These headsets feature hybrid active noise cancelation and Acoustic Fence technology, designed for effective communication in hybrid work environments. With four digital microphones, users can select different ANC settings to manage noise levels. The headsets provide all-day comfort and are available with USB-A and USB-C connectivity. Frost & Sullivan recognizes products that exhibit exceptional innovation and market acceptance.

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Poly (NYSE: POLY) has officially changed its ticker symbol from 'PLT' to 'POLY', effective May 24, 2021. This transition marks a significant milestone in Poly's journey, coinciding with its 60th anniversary. CEO Dave Shull emphasized the new ticker reflects the company's commitment to providing comprehensive communication solutions. Shareholders do not need to take any action regarding this change, as the stock will continue being listed on the NYSE with the same CUSIP number. To celebrate, Shull will ring the NYSE closing bell on the same day.

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Poly (NYSE: PLT) will change its ticker symbol to 'POLY' effective May 24, 2021, as part of a rebranding strategy. This update marks a significant milestone as Poly celebrates its 60th anniversary. The company, previously known as Plantronics and Polycom, has traded under PLT since 1994. CEO Dave Shull emphasized that this change reflects Poly's commitment to delivering premium audio and video products to enhance communication. No action is required from shareholders regarding the ticker change, as the common stock will continue to be traded on the NYSE with the same CUSIP.

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FAQ

What is the market cap of POLY (POLY)?

The market cap of POLY (POLY) is approximately 1.8B.

What products does Poly offer?

Poly offers premium headsets, video and audio-conferencing products, desk phones, and analytics software.

What is Poly known for?

Poly is known for its pro-grade, beautifully designed audio and video communication products that provide incredible clarity.

Are Poly's products compatible with all conferencing services?

Yes, Poly's products are designed to work seamlessly with all major video and audio conferencing services.

What was Poly formerly known as?

Poly was formerly known as Plantronics and Polycom.

How does Poly help in professional communications?

Poly's products facilitate better collaboration and productivity by providing high-quality audio and video communication solutions.

What are some recent achievements of Poly?

Poly has achieved innovative designs in video conferencing systems and enhancements in audio quality for their headsets and desk phones.

Does Poly offer analytics software?

Yes, Poly offers analytics software as part of its product portfolio.

Where can I find the latest news about Poly?

You can find the latest news about Poly on GlobalMeet at https://globalmeet.com/news.

Why choose Poly products?

Poly products are chosen for their professional-grade quality, ease of use, and compatibility with major conferencing services, ensuring superior communication.

What is Poly's vision for its products?

Poly aims to keep people connected with incredible clarity, anytime, anywhere, and every time, helping them stand out in professional communications.

POLY

NYSE:POLY

POLY Rankings

POLY Stock Data

1.75B
43.11M
Telephone Apparatus Manufacturing
Manufacturing
Link
United States
Santa Cruz