Harmonic Inc. (HLIT) Trading Up 0.9%
Harmonic Inc. (NASDAQ:HLIT)’s share price was up 0.9% during mid-day trading on Wednesday . The stock traded as high as $4.40 and last traded at $4.40, with a volume of 112,319 shares changing hands. The stock had previously closed at $4.36.
Several equities analysts have issued reports on HLIT shares. Drexel Hamilton reissued a “hold” rating on shares of Harmonic in a research note on Tuesday, May 10th. Zacks Investment Research upgraded shares of Harmonic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Jefferies Group restated a “hold” rating and set a $3.50 target price on shares of Harmonic in a research report on Wednesday, August 10th. Finally, TheStreet upgraded shares of Harmonic from a “sell” rating to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Harmonic currently has an average rating of “Buy” and a consensus price target of $4.81.
The firm’s market cap is $370.64 million. The company has a 50 day moving average of $3.67 and a 200-day moving average of $3.25.
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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