Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of videoconferencing guru Polycom
So what: Third-quarter revenue was $379 million, which, although it showed a 23% increase, fell short of the $388.3 million that the Street was looking for. Adjusted earnings per share also came in below forecast, at $0.26 per share compared to the $0.27 consensus estimate.
Now what: The company experienced lower year-over-year revenue growth in its important enterprise customer segment. Fears that rival Cisco
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