Harmonic Inc. (NASDAQ:HLIT) rose 5.4% on Friday . The company traded as high as $2.95 and last traded at $2.93, with a volume of 191,153 shares. The stock had previously closed at $2.78.

Separately, Drexel Hamilton reissued a “hold” rating on shares of Harmonic in a research note on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Harmonic currently has an average rating of “Hold” and a consensus target price of $5.75.

The stock’s market capitalization is $226.56 million. The stock’s 50-day moving average price is $2.84 and its 200 day moving average price is $3.22.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.08. The business had revenue of $82.50 million for the quarter, compared to analysts’ expectations of $83.98 million. During the same quarter last year, the firm earned $0.05 EPS. The firm’s quarterly revenue was down 21.3% on a year-over-year basis. On average, equities analysts forecast that Harmonic Inc. will post $0.06 EPS for the current year.

Several large investors recently bought and sold shares of HLIT. Russell Frank Co increased its stake in Harmonic by 3.8% in the fourth quarter. Russell Frank Co now owns 246,732 shares of the company’s stock worth $1,027,000 after buying an additional 9,009 shares during the last quarter. Olstein Capital Management L.P. increased its stake in Harmonic by 26.3% in the fourth quarter. Olstein Capital Management L.P. now owns 480,000 shares of the company’s stock worth $1,954,000 after buying an additional 100,000 shares during the last quarter. Principal Financial Group Inc. increased its stake in Harmonic by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 590,225 shares of the company’s stock worth $2,403,000 after buying an additional 18,219 shares during the last quarter. Nationwide Fund Advisors increased its stake in Harmonic by 24.7% in the fourth quarter. Nationwide Fund Advisors now owns 632,764 shares of the company’s stock worth $2,575,000 after buying an additional 125,511 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Harmonic by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,872,364 shares of the company’s stock worth $27,971,000 after buying an additional 225,866 shares during the last quarter.

Harmonic Inc (Harmonic) designs, manufactures and sells video infrastructure products and system solutions. The Company operates in two business segments: Video and Cable Edge. Its Video business sells video processing and production and playout solutions and services around the world to cable operators and satellite and telecommunications (telco) Pay-TV service providers and to broadcast and media companies.

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