Shares of Polycom Inc. (NASDAQ: PLCM) are seeing a
huge rally in trading today after the Pleasanton, California-based company
announced its fourth-quarter financial results. Polycom’s fourth-quarter
revenue rose from $340 million to $407 million.
Polycom shares rose to an intra-day high of $22 in
trading today, and at last check, the stock was up more than 18% on above
average volume. The rally has pushed Polycom shares above their 50-day moving
average.
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