Harmonic Inc. (HLIT) Shares Up 6.2%
Harmonic Inc. (NASDAQ:HLIT) shares shot up 6.2% during trading on Thursday . The stock traded as high as $4.46 and last traded at $4.45, with a volume of 268,681 shares traded. The stock had previously closed at $4.19.
Several research firms recently commented on HLIT. Drexel Hamilton reiterated a “hold” rating on shares of Harmonic in a research note on Tuesday, May 10th. Jefferies Group reiterated a “hold” rating and set a $3.50 price objective on shares of Harmonic in a research note on Wednesday, August 10th. Finally, Zacks Investment Research upgraded shares of Harmonic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $4.81.
The firm has a 50 day moving average of $3.43 and a 200-day moving average of $3.20. The company’s market cap is $344.89 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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