Harmonic Inc. (HLIT) Trading Up 1.9%
Harmonic Inc. (NASDAQ:HLIT) shares were up 1.9% during trading on Wednesday . The company traded as high as $4.20 and last traded at $4.19, with a volume of 117,195 shares changing hands. The stock had previously closed at $4.11.
A number of research analysts have recently commented on HLIT shares. Drexel Hamilton reiterated a “hold” rating on shares of Harmonic in a research note on Tuesday, May 10th. Zacks Investment Research upgraded Harmonic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Finally, Jefferies Group reiterated a “hold” rating and issued a $3.50 price target on shares of Harmonic in a research note on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $4.81.
The stock has a 50-day moving average of $3.22 and a 200 day moving average of $3.16. The company’s market capitalization is $323.04 million.
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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