Impact of Brokerage Rating on Harmonic Inc.(HLIT)

Many Harmonic Inc.(HLIT) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Harmonic Inc was Initiated by Dougherty & Company on Dec 6, 2016 to Buy, Price Target of the shares are set at $7.

Company has reported several Insider transactions to the SEC, on Nov 16, 2016, Nikos Theodosopoulos (director) purchased 25,000 shares at 4.75 per share price.On Mar 9, 2016, Patrick Gallagher (director) purchased 5,000 shares at 3.24 per share price.On Feb 18, 2016, Floyd E Kvamme (director) purchased 25,000 shares at 3.25 per share price.

Harmonic Inc Last issued its quarterly earnings results on Nov 9, 2016. The company reported $-0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. Analyst had a consensus of $0.03. The company had revenue of $101.70 million for the quarter, compared to analysts expectations of $107.24 million. The companys revenue was up 22.1% compared to the same quarter last year.

Harmonic Inc. (NASDAQ:HLIT) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.4 by 5 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Harmonic Inc. (NASDAQ:HLIT): 4 Analyst have given the stock of Harmonic Inc. (NASDAQ:HLIT) a near short term price target of $6. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $1.41. The higher price target estimate is at $7 while the lower price estimates are fixed at $4.

Harmonic Inc. (NASDAQ:HLIT) rose 4.55% or 0.25 points on Tuesday and made its way into the gainers of the day. After trading began at $5.55 the stock was seen hitting $5.75 as a peak level and $5.325 as the lowest level. The stock ended up at $5.75. The daily volume was measured at 607,165 shares. The 52-week high of the share price is $6.13 and the 52-week low is $2.51. The company has a market cap of $451 million.

Harmonic designs, manufactures and markets digital and fiber optic systems for delivering video, voice and data services over cable, satellite, telephone, and wireless networks. The companys advanced solutions enable cable television and other network operators to provide a range of broadcast and interactive broadband services that include high-speed Internet access, telephony and video on demand. The company offers a broad range of fiber optic transmission and digital headend products for hybrid fiber coax, satellite and wireless networks.

Harmonic

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