Harmonic (HLIT) Receives Media Impact Rating of 0.15

Media coverage about Harmonic (NASDAQ:HLIT) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Harmonic earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 46.0468105070026 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have effected Accern’s rankings:

How to Become a New Pot Stock Millionaire

HLIT stock opened at $3.80 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57. Harmonic has a 1-year low of $2.80 and a 1-year high of $6.05. The company has a market capitalization of $327.98, a P/E ratio of -3.73 and a beta of 1.01.

Harmonic (NASDAQ:HLIT) last released its earnings results on Wednesday, February 28th. The communications equipment provider reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Harmonic had a negative return on equity of 17.41% and a negative net margin of 23.16%. The firm had revenue of $100.97 million for the quarter, compared to the consensus estimate of $96.47 million. sell-side analysts expect that Harmonic will post -0.06 earnings per share for the current year.

A number of research analysts have commented on the company. BidaskClub raised Harmonic from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research downgraded Harmonic from a “hold” rating to a “sell” rating in a report on Thursday, March 15th. Finally, ValuEngine raised Harmonic from a “sell” rating to a “hold” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.06.

In related news, insider Neven Haltmayer sold 10,198 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $3.53, for a total value of $35,998.94. Following the sale, the insider now owns 94,609 shares of the company’s stock, valued at approximately $333,969.77. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick Harshman sold 35,581 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $3.53, for a total value of $125,600.93. Following the completion of the sale, the chief executive officer now directly owns 708,160 shares in the company, valued at approximately $2,499,804.80. The disclosure for this sale can be found here. In the last three months, insiders sold 56,234 shares of company stock worth $198,506. Company insiders own 4.27% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Harmonic (HLIT) Receives Media Impact Rating of 0.15” was first published by Ticker Report and is owned by of Ticker Report. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3296663/harmonic-hlit-receives-media-impact-rating-of-0-15.html.

About Harmonic

Harmonic Inc designs, manufactures, and sells video infrastructure products and system solutions worldwide. Its products enable customers to create, prepare, and deliver a range of video and broadband services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones.

Insider Buying and Selling by Quarter for Harmonic (NASDAQ:HLIT)

Receive News & Ratings for Harmonic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harmonic and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Contrasting Transcat  and Aehr Test Systems
Contrasting Transcat and Aehr Test Systems
Zacks: Brokerages Expect Karyopharm Therapeutics  to Announce -$0.67 EPS
Zacks: Brokerages Expect Karyopharm Therapeutics to Announce -$0.67 EPS
Hasbro  Given Consensus Rating of “Hold” by Analysts
Hasbro Given Consensus Rating of “Hold” by Analysts
Electronics for Imaging  Receives Average Recommendation of “Hold” from Analysts
Electronics for Imaging Receives Average Recommendation of “Hold” from Analysts
Medifast  Sets New 12-Month High and Low at $101.92
Medifast Sets New 12-Month High and Low at $101.92
ZWJ Investment Counsel Inc. Decreases Position in Procter & Gamble
ZWJ Investment Counsel Inc. Decreases Position in Procter & Gamble


© 2006-2018 Ticker Report. Google+.