2020-04-02 09:17:01, Maya Sasson, TipRanks Financial Blog
Content Categorization
/Business & Industrial
/News/Business News
/Finance/Investing
Word Count:
1439
Words/Sentence:
22
Reading Time:
9.59 min
Reading Quality:
Adept
Readability:
13th to 15th
After gaining more insight on PLT's standing amid the ongoing public health crisis, analyst Paul Coster acknowledges that it's positioned to endure the disruption caused by COVID-19.
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Speaking to these estimates, Coster expects voice, headset and product sales to fall by 25-30% year-over-year during the next two quarters, with the video and services segments taking a mid-single-digit hit.
However, the analyst noted, "… we think this is a temporary demand pull-forward, and we also believe it is probably offset by the decline in enterprise spending on on-premises desktop phones, conference phones, VTC equipment.
However, the five-star analyst argued, "While the funding size and deal structure have not yet been decided upon or disclosed, we do not rule out the possibility of NIO needing further funding in 2H20/2021, considering the pace of cash burn.
Keywords
yahoo finance
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