Plantronics Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Plantronics in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Plantronics stock.
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Plantronics saw a increase in short interest in April. As of April 15th, there was short interest totaling 3,130,000 shares, an increase of 21.8% from the March 31st total of 2,570,000 shares. Based on an average daily trading volume, of 587,100 shares, the short-interest ratio is presently 5.3 days.
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Plantronics is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
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Plantronics, Inc. (NYSE:PLT) posted its quarterly earnings results on Thursday, May, 13th. The technology company reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.30. The technology company earned $478 million during the quarter, compared to analyst estimates of $454.93 million. Plantronics had a negative net margin of 53.39% and a positive trailing twelve-month return on equity of 70.65%. The business's revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 EPS.
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Plantronics' stock was trading at $10.00 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PLT stock has increased by 194.4% and is now trading at $29.44.
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Plantronics updated its first quarter earnings guidance on Thursday, May, 13th. The company provided EPS guidance of $0.35-0.55 for the period, compared to the Thomson Reuters consensus estimate of $0.79. The company issued revenue guidance of $410-430 million, compared to the consensus revenue estimate of $438.76 million.

5 Wall Street analysts have issued 12-month price objectives for Plantronics' shares. Their forecasts range from $19.00 to $48.00. On average, they expect Plantronics' share price to reach $36.60 in the next year. This suggests a possible upside of 24.3% from the stock's current price.
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15 employees have rated Plantronics CEO Dave Shull on Glassdoor.com. Dave Shull has an approval rating of 38% among Plantronics' employees. This puts Dave Shull in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Plantronics include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), F5 Networks (FFIV), Juniper Networks (JNPR), Ciena (CIEN), Viasat (VSAT), Calix (CALX), EchoStar (SATS), InterDigital (IDCC), Infinera (INFN), Extreme Networks (EXTR), NETGEAR (NTGR) and Ribbon Communications (RBBN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Plantronics investors own include NVIDIA (NVDA), Alibaba Group (BABA), The Walt Disney (DIS), PayPal (PYPL), AT&T (T), Carnival Co. & (CCL), Gilead Sciences (GILD), Lululemon Athletica (LULU), Verizon Communications (VZ) and Advanced Micro Devices (AMD).

Plantronics trades on the New York Stock Exchange (NYSE) under the ticker symbol "PLT."

Plantronics' stock is owned by a variety of retail and institutional investors. Top institutional investors include Primecap Management Co. CA (14.71%), BlackRock Inc. (14.51%), Geode Capital Management LLC (1.42%), Northern Trust Corp (1.04%), Palisade Capital Management LLC NJ (0.98%) and Bank of New York Mellon Corp (0.96%). Company insiders that own Plantronics stock include Brian S Dexheimer, Jeff Loebbaka, Joseph B Burton, Private Holdings I L Triangle and Robert C Hagerty.
View institutional ownership trends for Plantronics.

PLT stock was sold by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Renaissance Technologies LLC, Rafferty Asset Management LLC, Russell Investments Group Ltd., Occudo Quantitative Strategies LP, Northern Trust Corp, Primecap Management Co. CA, and Teton Advisors Inc..
View insider buying and selling activity for Plantronics or view top insider-selling stocks.

PLT stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Cooper Creek Partners Management LLC, Prudential Financial Inc., Palisade Capital Management LLC NJ, Geode Capital Management LLC, Teacher Retirement System of Texas, Bank of New York Mellon Corp, and BNP Paribas Arbitrage SA. Company insiders that have bought Plantronics stock in the last two years include Brian S Dexheimer, and Robert C Hagerty.
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Shares of PLT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PLT stock can currently be purchased for approximately $29.44.

Plantronics has a market capitalization of $1.21 billion and generates $1.70 billion in revenue each year. The technology company earns $-827,180,000.00 in net income (profit) each year or $1.99 on an earnings per share basis.

Plantronics employs 6,584 workers across the globe.

The official website for Plantronics is www.poly.com.

Plantronics is headquartered at 345 ENCINAL STREET, SANTA CRUZ CA, 95060.

Plantronics' mailing address is 345 ENCINAL STREET, SANTA CRUZ CA, 95060. The technology company can be reached via phone at 831-426-5858 or via email at [email protected]