Harmonic (HLIT) Given Daily Media Sentiment Score of 0.13
News coverage about Harmonic (NASDAQ:HLIT) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Harmonic earned a news impact score of 0.13 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 45.2582843928808 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Insider Selling: Harmonic Inc. (HLIT) Insider Sells 7,979 Shares of Stock (americanbankingnews.com)
- Harmonic : As OTT Delivery Heats Up, Harmonic Brings Technology Innovations to IBC2017 (4-traders.com)
- Analysts Expect Harmonic Inc. (HLIT) Will Post Earnings of -$0.13 Per Share (americanbankingnews.com)
- Harmonic Inc. (HLIT) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
HLIT has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Harmonic from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. TheStreet cut shares of Harmonic from a “c-” rating to a “d+” rating in a research note on Wednesday, August 9th. ValuEngine cut shares of Harmonic from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Jefferies Group LLC reiterated a “hold” rating and set a $4.00 price target (up previously from $3.50) on shares of Harmonic in a research note on Tuesday, August 1st. Finally, BidaskClub cut shares of Harmonic from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $5.67.
Harmonic (NASDAQ:HLIT) traded down 1.47% during mid-day trading on Friday, hitting $3.35. 571,121 shares of the stock traded hands. Harmonic has a 1-year low of $3.25 and a 1-year high of $6.18. The firm’s market cap is $272.26 million. The stock has a 50-day moving average of $4.28 and a 200 day moving average of $5.18.
Harmonic (NASDAQ:HLIT) last announced its quarterly earnings results on Monday, July 31st. The communications equipment provider reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.02. Harmonic had a negative net margin of 21.58% and a negative return on equity of 13.22%. The company had revenue of $82.30 million during the quarter, compared to the consensus estimate of $80.88 million. The company’s revenue for the quarter was down 24.9% on a year-over-year basis. On average, equities analysts expect that Harmonic will post ($0.42) EPS for the current year.
In other news, insider Patrick Harshman sold 7,979 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $3.47, for a total transaction of $27,687.13. Following the completion of the transaction, the insider now owns 570,733 shares of the company’s stock, valued at $1,980,443.51. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.27% of the company’s stock.
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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.
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