Harmonic (HLIT) Given Media Impact Score of 0.11

News coverage about Harmonic (NASDAQ:HLIT) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Harmonic earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media stories about the communications equipment provider an impact score of 45.8749284709174 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.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

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HLIT has been the subject of several recent research reports. BidaskClub upgraded Harmonic from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. Zacks Investment Research lowered Harmonic from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Harmonic currently has an average rating of “Hold” and an average price target of $5.06.

HLIT opened at $3.75 on Friday. The stock has a market capitalization of $315.37, a P/E ratio of -6.94 and a beta of 0.79. Harmonic has a 12 month low of $2.80 and a 12 month high of $6.03. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 0.57.

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

In other Harmonic news, insider Neven Haltmayer sold 10,198 shares of the business’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 transaction of $35,998.94. Following the completion of the transaction, the insider now owns 94,609 shares in the company, valued at $333,969.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sanjay Kalra sold 10,455 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $3.53, for a total value of $36,906.15. Following the transaction, the chief financial officer now owns 39,198 shares of the company’s stock, valued at approximately $138,368.94. The disclosure for this sale can be found here. Insiders have sold 56,234 shares of company stock valued at $198,506 in the last 90 days. Company insiders own 4.27% of the company’s stock.

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Harmonic Company Profile

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)

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