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home / news releases / preformed line products it was too early to buy now

PLPC - Preformed Line Products: It Was Too Early To Buy Now We Anticipate 2024 Results

Preformed Line Products Company

2024-01-22 09:50:27 ET

Summary

  • Preformed Line Products Company stock has fallen nearly 30% since being rated a buy, and the buy case is not as strong anymore.
  • PLPC serves the network and telecommunications industry and has a massive market opportunity, but spending has been held off by customers.
  • PLPC's most recent earnings report showed softer demand and a 21% reduction in backlog, but the company remains optimistic about growth prospects.

Investment Rundown

For further details see:

Preformed Line Products: It Was Too Early To Buy, Now We Anticipate 2024 Results
Stock Information
Company Name: Preformed Line Products Company
Stock Symbol: PLPC
Market: NASDAQ
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