) - the market leader in open standard based unified communications
(UC) affirmed that it is collaborating with the research division
) - to explore and develop new cloud-based video technologies that
will run on its RealPresence platform. The tie up will help Polycom
as enterprises are constantly demanding cloud-based video
This new initiative from IBM intends to work to develop a
RealPresence solution that provides the highest level of security
and reliability while at the same time delivering highest
productivity. The new partnership will lay more emphasis on
video-enabled mobile social collaboration.
Polycom's RealPresence is a state-of-the-art unified
communications technology that integrates video conferencing and
instant messaging while enabling data transfer from one
communications platform to a different platform. Recently, the
Pleasanton, CA-based Polycom declared its second-quarter 2012
financial results with revenue in line with Zacks Consensus
Estimate and EPS missing the same.
Recently, Polycom has entered into a strategic partnership with
IBM to incorporate its popular RealPresence video solutions
technology with IBM's interactive application called IBM Sametime
and IBM Connections.
We believe the collaboration with IBM will help Polycom create a
video conferencing solution based on the cloud platform that aids
businesses to enhance productivity thereby creating new
opportunities across various industries for the company.
The current Zacks Consensus Estimate for Polycom Inc. is pegged
at a loss of 1 cent for the third quarter of 2012 with a growth
rate estimate of (108.33%). For 2012, the Zacks Consensus Estimate
stands at 30 cents with a growth rate of (65.29%) while for 2013,
the Zacks Consensus Estimate stands at 40 cents with a growth rate
We retain our long-term Neutral recommendation on Polycom Inc.
Currently, it has a Zacks #3 Rank, implying a short-term Hold
INTL BUS MACH (IBM): Free Stock Analysis Report
POLYCOM INC (PLCM): Free Stock Analysis Report
To read this article on Zacks.com click here.