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PLT Plantronics

Plantronics, Inc. engages in the design, manufacture, and distribution of headsets, voice, video, and content sharing solutions. Its products include enterprises headsets, consumer headsets, voice video, and content sharing solutions. The company was founded by Courtney Graham and Keith Larkin in 1961 and is headquartered in Santa Cruz, CA.

Company profile

Ticker
PLT
Exchange
CEO
Robert Hagerty
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
770207692

PLT stock data

(
)

Calendar

4 Feb 21
13 Apr 21
3 Apr 22
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Mar 20 Mar 19 Mar 18 Mar 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Plantronics earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 230.07M 230.07M 230.07M 230.07M 230.07M 230.07M
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 59.54M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a n/a 214.68M n/a n/a
Cash remaining n/a n/a n/a 15.39M n/a n/a
Runway (months of cash) n/a n/a n/a 0.3 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Mar 21 Hagerty Robert C COMMON STOCK Payment of exercise Dispose F No No 44.09 19,107 842.43K 74,392
16 Mar 21 Diamond Kristine COMMON STOCK Payment of exercise Dispose F No No 44.09 1,579 69.62K 34,257
28 Feb 21 Carl Wiese COMMON STOCK Payment of exercise Dispose F No No 43.49 26,122 1.14M 121,413
1 Feb 21 Puorro Thomas COMMON STOCK Payment of exercise Dispose F No No 33.3 1,455 48.45K 56,531
28 Dec 20 Moloney Daniel M COMMON STOCK Other Aquire J No No 0 12,515 0 82,343

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 166 150 +10.7%
Opened positions 34 27 +25.9%
Closed positions 18 20 -10.0%
Increased positions 64 58 +10.3%
Reduced positions 45 40 +12.5%
13F shares
Current Prev Q Change
Total value 1.4B 905.58M +54.1%
Total shares 41.89M 39.64M +5.7%
Total puts 159.2K 488.8K -67.4%
Total calls 303.2K 504.8K -39.9%
Total put/call ratio 0.5 1.0 -45.8%
Largest owners
Shares Value Change
Primecap Management 6.09M $164.6M +0.3%
BLK Blackrock 5.63M $152.06M +2.8%
AMP Ameriprise Financial 5.07M $136.98M +2.8%
Vanguard 4.39M $118.65M +10.5%
Disciplined Growth Investors 2.88M $77.95M +86.2%
Siris Capital 1.98M $50.55M -33.6%
STT State Street 1.14M $30.75M -13.2%
Schroder Investment Management 954.36K $25.8M +11.4%
Jacobs Levy Equity Management 822.89K $22.24M +5.2%
PZN Pzena Investment Management 812.49K $21.96M -19.1%
Largest transactions
Shares Bought/sold Change
Disciplined Growth Investors 2.88M +1.34M +86.2%
Siris Capital 1.98M -1M -33.6%
Norges Bank 690.3K +690.3K NEW
Renaissance Technologies 634.21K +573.81K +950.0%
Vanguard 4.39M +416.54K +10.5%
Alyeska Investment 399.44K +399.44K NEW
FHI Federated Hermes 186.16K -359.4K -65.9%
JPM JPMorgan Chase & Co. 64.87K -267.69K -80.5%
Sapience Investments 748.6K -243.96K -24.6%
MCQEF Macquarie 234.66K -231.72K -49.7%

Financial report summary

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Management Discussion
  • We group our operations into two reportable segments: Products and Services. Our Products segment consists of Headsets, Voice, and Video product categories and our Services segment consists of support, professional, managed and cloud services and solutions.
  • Our consolidated financial results for Fiscal Year 2019 includes the financial results of Polycom from July 2, 2018, or three quarters compared to full year financial results in Fiscal Year 2020. Therefore, the results of operations discussed below are not directly comparable.
  • Net revenues decreased in Fiscal Year 2020 compared to the prior fiscal year primarily due to the Headset product category. While we saw record demand for headsets during our fourth quarter of Fiscal Year 2020, we experienced annual declines across nearly all product lines including non-UC&C enterprise headsets, gaming headsets, mono Bluetooth headsets, and stereo Bluetooth headsets. The declines were the result of several factors, including product transitions, sales integration and channel consolidation issues, Microsoft Skype to Teams transition, trade and tariff issues in China, and other factors. In addition, the Company made the decision to reduce channel inventories in the third and fourth quarter to optimize inventory levels by reducing sales into our distributors in the following quarters. Additionally, as communicated, the Company determined that it would focus its headset sales on enterprise headsets and would optimize its consumer inventory while selling its gaming headset assets. The decreases were partially offset by increases in our Voice and Video product categories as a result of their being four quarters of revenue in Fiscal Year 2020 compared to three quarters of revenue in Fiscal Year 2019.
Content analysis
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