Harmonic (HLIT) Getting Somewhat Positive Press Coverage, Study Finds
News articles about Harmonic (NASDAQ:HLIT) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Harmonic earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the communications equipment provider an impact score of 87 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- Harmonic (HLIT) Prelim. Q2 Results Fall Short of Views (streetinsider.com)
- Harmonic Announces Updated Guidance for Second Quarter 2017 Results (finance.yahoo.com)
- Harmonic slashes Q2 outlook (finance.yahoo.com)
- ETFs with exposure to Harmonic, Inc. : July 14, 2017 (finance.yahoo.com)
- Harmonic, Inc. breached its 50 day moving average in a Bearish Manner : HLIT-US : July 11, 2017 (finance.yahoo.com)
Harmonic (NASDAQ HLIT) traded down 0.53% during mid-day trading on Monday, reaching $4.65. The company had a trading volume of 373,756 shares. Harmonic has a 12-month low of $2.94 and a 12-month high of $6.18. The stock’s market capitalization is $374.47 million. The stock has a 50 day moving average price of $5.27 and a 200-day moving average price of $5.41.
Harmonic (NASDAQ:HLIT) last announced its earnings results on Monday, May 1st. The communications equipment provider reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.09. The business had revenue of $82.90 million during the quarter, compared to the consensus estimate of $92.62 million. Harmonic had a negative return on equity of 7.29% and a negative net margin of 17.50%. Harmonic’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.11) earnings per share. Equities analysts anticipate that Harmonic will post $0.06 EPS for the current fiscal year.
A number of brokerages recently commented on HLIT. Zacks Investment Research upgraded Harmonic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Jefferies Group LLC restated a “hold” rating and issued a $4.00 price target (down previously from $4.75) on shares of Harmonic in a research report on Tuesday, May 2nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.44.
COPYRIGHT VIOLATION NOTICE: “Harmonic (HLIT) Getting Somewhat Positive Press Coverage, Study Finds” was reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.watchlistnews.com/harmonic-hlit-getting-somewhat-positive-press-coverage-study-finds/1445502.html.
In other Harmonic news, CFO Harold L. Covert sold 13,172 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $5.14, for a total value of $67,704.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 5.53% of the stock is owned by corporate insiders.
Harmonic Company Profile
Harmonic Inc (Harmonic) designs, manufactures and sells video infrastructure products, and system solutions. The Company has two segments: Video and Cable Edge. Harmonic provides technical support and professional services to its customers around the world. The Video segment sells video processing and production, and playout solutions and services to broadcast and media companies, streaming media companies, cable operators, and satellite and telecommunications (telco), and pay television (TV) service providers.
Receive News & Ratings for Harmonic Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harmonic Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.