News articles about Harmonic (NASDAQ:HLIT) have trended positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Harmonic earned a coverage optimism score of 0.27 on Accern’s scale. Accern also assigned news stories about the communications equipment provider an impact score of 45.8483229977349 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Harmonic (HLIT) remained flat at $$3.80 during trading on Monday. The stock had a trading volume of 424,000 shares, compared to its average volume of 636,187. Harmonic has a 12 month low of $2.80 and a 12 month high of $6.18. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.20.
Harmonic (NASDAQ:HLIT) last posted its quarterly earnings data on Monday, October 30th. The communications equipment provider reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.07. The firm had revenue of $92.00 million during the quarter, compared to analysts’ expectations of $85.63 million. Harmonic had a negative return on equity of 13.06% and a negative net margin of 22.02%. The firm’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) EPS. analysts expect that Harmonic will post -0.51 earnings per share for the current year.
HLIT has been the subject of a number of recent analyst reports. BidaskClub downgraded Harmonic from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. ValuEngine downgraded Harmonic from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $4.00 target price (up previously from $3.50) on shares of Harmonic in a report on Tuesday, August 1st. Dougherty & Co reissued a “buy” rating and issued a $6.50 target price on shares of Harmonic in a report on Monday, October 23rd. Finally, Zacks Investment Research downgraded Harmonic from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Harmonic presently has a consensus rating of “Hold” and a consensus price target of $5.06.
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In other Harmonic news, insider Patrick Harshman sold 7,979 shares of Harmonic stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $3.47, for a total value of $27,687.13. Following the completion of the sale, the insider now owns 570,733 shares in the company, valued at approximately $1,980,443.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 14,495 shares of company stock valued at $51,166 in the last 90 days. 5.53% of the stock is owned by company insiders.
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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