35.33 0.00 (0.00%)
After hours: 4:16PM EDT
|Bid||35.32 x 800|
|Ask||35.33 x 900|
|Day's Range||34.44 - 35.40|
|52 Week Range||26.09 - 62.97|
|Beta (3Y Monthly)||1.66|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||0.60 (1.83%)|
|1y Target Est||63.80|
Tech stocks are doing great in 2019. In fact, according to Fidelity Investments, through the end of the third fiscal quarter 2019, "tech" stocks set the hottest pace of any sector in the market, rising 27% year to date, beating out consumer discretionary stocks (22%), industrials (21%), and real estate (20%), too.So how do you find the next hot tech stock to buy? One way might be to screen for stocks expected to grow their earnings strongly over the next five years, enjoying "strong buy" ratings from analysts in general, and endorsed by analysts at major investment banks in particular, such as Wall Street banking giant Morgan Stanley. In today's column, we'll examine three such stocks highlighted with use of TipRanks' Stock Screener:Vonage: 52% UpsideAccording to TipRanks' screener, the consensus on Wall Street is that Voice over Internet Protocol (VoIP) provider Vonage (VG \- Get Report) is a "strong buy" for investors. Last month, Morgan Stanley analyst Meta Marshall initiated coverage of the stock with an "equal-weight" rating.But Marshall might as well have said "buy" -- because this analyst thinks Vonage stock, currently at $11 and change, could zoom ahead to $15 within a year, delivering 35% profits to new investors. (To watch Marshall's track record, click here)Vonage's 395-times-earnings valuation today doesn't exactly look cheap. It's hard to imagine why investors would pay 35% more than that to own a stock where earnings declined 45% last quarter. On the other hand, though, Vonage's sales increased a respectable 15% last quarter, and most analysts agree that earnings will soon follow suit, averaging 12.5% annual growth over the next five years.Lending support to that view, Vonage's free cash flow is already positive -- decidedly so, with nearly $65 million generated over the last year, or nearly 10x reported GAAP profits. Marshall cites the company's "leveraged ... cash flow" as a reason to like the business, and says he sees "significant value" in the stock from a sum-of-the-parts perspective.All in all, most analysts on Wall Streets are out rooting for Vonage to be a winning stock pick, as TipRanks analytics showcase VG as a Strong Buy. Based on 5 analysts polled in the last 3 months, 4 rate a Buy on Vonage stock while 1 says Hold. (See VG's price targets and analyst ratings on TipRanks)Plantronics (Poly): 69% UpsideAnother stock that Morgan Stanley's Meta Marshall likes -- and that's rated a "strong buy" on TipRanks -- is communications hardware manufacturer Plantronics (PLT \- Get Report), now calling itself "Poly" as it integrates the Polycom business is bought last year. Rated "overweight" in a separate initiation last month, Poly wins points from Morgan Stanley for its "unique" ability to help corporations transition to running their communications over the cloud by providing the equipment needed to do this.Like Vonage, Poly is a company that seems ugly on the outside, but gets better the closer you look. Trailing-12-month earnings are negative, but at the same time as Poly has been reporting GAAP losses, the stock generated about $65 million in positive free cash flow, and non-GAAP "pro forma" income is also positive.Marshall is looking for Plantronics to accelerate sales to "cloud exposed businesses," which make up about 50% of revenue at present, and sees this as a "next 1-2 years" process, during which time Poly may exceed consensus expectations for 12% annualized earnings growth. Already, the analyst says the stock is cheap enough to own "at 6x EV/EBITDA and 5x P/E." Over the next three years, Marshall sees the stock growing its earnings by a total of 47%.Priced near $35 a share today, Marshall believes the stock could go as high as $58 a share -- 66% upside.Marshall is certainly not the first analyst with an optimistic outlook for the headset-maker, as TipRanks analytics showcasing Plantronics stock as a Strong Buy. With an average price target of $63, analysts are predicting an upside of nearly 69%. In total, the stock has received 4 'buy' ratings in the last three months. (See PLT's price targets and analyst ratings on TipRanks)Amazon: 32% UpsideSwitching gears now to a stock that needs no introduction, Morgan Stanley Brian Nowak steps in to suggest investors take another look at Amazon (AMZN \- Get Report). The e-commerce giant has seen its stock slide 14% from the $2,020 share price it sported just three months ago. But Nowak expects Amazon to recover those losses, and more. (To watch Nowak's track record, click here)Projecting a $2,200 share price within 12 months, Nowak rates Amazon "overweight," and argues that although the introduction of "1-day" shipping guarantees will squeeze profit margins, it should also drive demand for Amazon's goods and accelerate revenue growth, which at 20% last quarter was well below the company's 25% average revenue growth rate for the last five years.Nowak also makes the case that offering faster shipping will help Amazon to "penetrate new buckets of consumer expenditure," including in particular consumable products which can spoil if not shipped and delivered quickly. As more of Amazon's customers buy more short-shelf-life goods from the company, this will in turn enable the company to "garner incremental wallet share."Net-net, therefore, Nowak argues that Amazon stock should be a buy in the long-term, despite "volatile" trends as it rolls out its new shipping regimen. The analyst's $2,200 target price implies that after losing 14% on their stock over the last three months, investors could now gain nearly twice as much -- 27% -- by keeping the faith and sticking with this strong buy stock.Wall Street’s confidence on the retail giant speaks for itself; AMZN has received a whopping 30 'buy' ratings in the last three months vs. only one 'hold' rating. Meanwhile, the $2,297.24 consensus price target suggests a potential upside of 33% from the current share price. (See AMZN's price targets and analyst ratings on TipRanks)
SANTA CRUZ, Calif., Sept. 18, 2019 /PRNewswire/ -- Plantronics, Inc. ("Poly" – formerly Plantronics and Polycom) (PLT), a global communications company that powers meaningful human connection and collaboration, today announced the next generation of the company's lineup of popular Savi wireless headsets. The enhanced Savi Office and UC Series will offer more wearing styles, plus features to help with working in noisy office environments. "People will always need the ability to focus," said Tamara Lane, director of product marketing, personal solutions, of Poly.
SANTA CRUZ, Calif., Sept. 4, 2019 /PRNewswire/ -- Today, Plantronics, Inc. ("Poly" – formerly Plantronics and Polycom) (PLT), a global communications company, announced that its award-winning BackBeat portfolio now offers true wireless earbuds with a variety of wearing styles to address the unique needs of consumers throughout the day. Plantronics' latest additions include an all-new true wireless lineup – the BackBeat PRO 5100, BackBeat FIT 3200 and BackBeat FIT 3150 – in addition to the BackBeat FIT 6100, a new over-the-head solution. "Frost & Sullivan's research indicates the true wireless headphone market is poised for substantial growth, fueled by expanded choice and consumer reliance on mobility," said Brent Iadarola, Frost & Sullivan Vice President of Mobile and Wireless Research.
COLOGNE, Germany, Aug. 20, 2019 /PRNewswire/ -- Plantronics, Inc. ("Poly" – formerly Plantronics and Polycom) (PLT), a global communications company that powers meaningful human connection and collaboration, today announced at Gamescom the addition of the RIG 700 series of wireless headsets to its award-winning RIG gaming line. With up to 12-hours of battery life, the RIG 700 Series is designed to endure an all-night raid or those intense competitive gaming sessions. The RIG 700 series is now available for Xbox One (HX), PlayStation (HS) and Windows PC (HD).
Readers hoping to buy Plantronics, Inc. (NYSE:PLT) for its dividend will need to make their move shortly, as the stock...
Plantronics (PLT) delivered earnings and revenue surprises of 3.94% and -9.54%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Cost reductions and synergy realization offset top-line results SANTA CRUZ, Calif. , Aug. 6, 2019 /PRNewswire/ -- Plantronics, Inc. (NYSE: PLT) ("Poly") today announced first quarter fiscal year ...
Plantronics (PLT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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SANTA CRUZ, Calif. , July 17, 2019 /PRNewswire/ -- Plantronics, Inc. ("Poly" - formerly Plantronics and Polycom) (NYSE: PLT), a global communications company that powers meaningful human connection ...
SIMI VALLEY, Calif., July 12, 2019 /PRNewswire/ -- Plantronics, Inc. ("Poly" – formerly Plantronics and Polycom) (PLT) celebrates the first moon landing by sponsoring the Apollo XI's Official 50th Anniversary Gala. The Plantronics MS50 headset formed the hardware portion of the iconic Communications Carrier Assembly (CCA) – known as the "Snoopy" cap – worn by Neil Armstrong, Edwin "Buzz" Aldrin and Michael Collins, providing the headband component, microphones and receivers.
"Today, a panel of the Third Circuit Court of Appeals denied GN Netcom's request for the entry of default judgment in its favor in its antitrust case against Plantronics. GN previously filed an antitrust lawsuit against Plantronics alleging anticompetitive conduct.
Latest release of Ribbon's carrier-class Application Server also now on the DISA Approved Products List WESTFORD, Mass. , July 10, 2019 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global ...
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This post was done in partnership with Wirecutter. When readers choose to buy Wirecutter's independently chosen editorial picks, it may earn affiliate commissions that support its work. The Plantronics BackBeat Fit 3100 is a truly wireless option with ear hooks that keep each earbud securely in place as you run.