Plantronics Stock Forecast, Price & News

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 15.5% and is now trading at $11.55.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plantronics in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Plantronics is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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Plantronics Inc (NYSE:PLT) issued its quarterly earnings results on Tuesday, July, 28th. The technology company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of ($0.34) by $0.67. The technology company had revenue of $365 million for the quarter, compared to the consensus estimate of $353.03 million. Plantronics had a negative net margin of 52.48% and a positive return on equity of 17.30%. The business's revenue for the quarter was down 18.5% on a year-over-year basis. During the same quarter last year, the business posted $1.32 EPS.
View Plantronics' earnings history.

Plantronics declared a quarterly dividend on Tuesday, February 4th. Investors of record on Thursday, February 20th will be given a dividend of $0.15 per share on Tuesday, March 10th. This represents a $0.60 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend is Wednesday, February 19th.
View Plantronics' dividend history.

Plantronics announced that its board has approved a share repurchase plan on Thursday, November 29th 2018, which authorizes the company to buyback 1,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Plantronics issued an update on its second quarter earnings guidance on Tuesday, July, 28th. The company provided EPS guidance of $0.25-$0.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.41. The company issued revenue guidance of $346-$386 million, compared to the consensus revenue estimate of $395.23 million.

5 equities research analysts have issued 12-month price targets for Plantronics' shares. Their forecasts range from $10.00 to $22.00. On average, they anticipate Plantronics' share price to reach $17.50 in the next year. This suggests a possible upside of 51.5% from the stock's current price.
View analysts' price targets for Plantronics.

Plantronics saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 5,550,000 shares, an increase of 15.6% from the August 15th total of 4,800,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is currently 5.3 days. Approximately 15.1% of the company's stock are short sold.
View Plantronics' Short Interest.

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), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Ribbon Communications (RBBN) and Harmonic (HLIT).
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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), Walt Disney (DIS), Paypal (PYPL), AT&T (T), Carnival (CCL), Gilead Sciences (GILD), Verizon Communications (VZ), Advanced Micro Devices (AMD) and Energy Transfer LP Unit (ET).

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 Vanguard Group Inc. (8.95%), Pzena Investment Management LLC (2.12%), Federated Hermes Inc. (2.05%), Jacobs Levy Equity Management Inc. (1.28%), Charles Schwab Investment Management Inc. (1.21%) and Macquarie Group Ltd. (1.14%). Company insiders that own Plantronics stock include Brian S Dexheimer, Charles D Boynton, Guido Jouret, Jeff Loebbaka, Joseph B Burton, Marvin Tseu, Private Holdings I L Triangle, Robert C Hagerty and Shantanu Sarkar.
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, Lapides Asset Management LLC, Goldman Sachs Group Inc., Bank of New York Mellon Corp, Bank of America Corp DE, Sei Investments Co., Hanson & Doremus Investment Management, and Point72 Hong Kong Ltd. Company insiders that have sold Plantronics company stock in the last year include Jeff Loebbaka, and Private Holdings I L Triangle.
View insider buying and selling activity for Plantronics.

PLT stock was acquired by a variety of institutional investors in the last quarter, including Jacobs Levy Equity Management Inc., Nuveen Asset Management LLC, Federated Hermes Inc., Vanguard Group Inc., Schonfeld Strategic Advisors LLC, Russell Investments Group Ltd., Sound Point Capital Management LP, and Rafferty Asset Management LLC. Company insiders that have bought Plantronics stock in the last two years include Brian S Dexheimer, Charles D Boynton, Guido Jouret, and Robert C Hagerty.
View insider buying and selling activity for Plantronics.

Shares of PLT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PLT stock can currently be purchased for approximately $11.55.

Plantronics has a market capitalization of $470.59 million 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' 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]