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:
- Harmonic (HLIT) Rating Increased to Hold at BidaskClub (americanbankingnews.com)
- Harmonic and Veygo Team Up to Deliver End-to-End OTT Solution, Successfully Deployed by Indonesia’s AMTV (finance.yahoo.com)
- Harmonic Inc (HLIT) Expected to Post Quarterly Sales of $88.27 Million (americanbankingnews.com)
- Zacks: Brokerages Anticipate Harmonic Inc (HLIT) to Announce -$0.06 Earnings Per Share (americanbankingnews.com)
- Harmonic (HLIT) Cut to Sell at Zacks Investment Research (americanbankingnews.com)
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.
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.
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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.
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