News coverage about Harmonic (NASDAQ:HLIT) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Harmonic earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the communications equipment provider an impact score of 45.7935926285879 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Harmonic Innovations at CCBN2018 Improve Video Delivery Efficiency, Broadband Speeds and Time to Market for OTT Services (broadcastingcable.com)
- Neven Haltmayer Sells 10,198 Shares of Harmonic Inc (HLIT) Stock (americanbankingnews.com)
- Harmonic Inc (HLIT) CFO Sells $36,906.15 in Stock (americanbankingnews.com)
- Patrick Harshman Sells 35,581 Shares of Harmonic Inc (HLIT) Stock (americanbankingnews.com)
- Free Post Earnings Research Report: Infinera Reported Better Than Expected Results (finance.yahoo.com)
Shares of Harmonic (NASDAQ:HLIT) traded down $0.03 during trading hours on Wednesday, hitting $3.72. The company’s stock had a trading volume of 184,180 shares, compared to its average volume of 570,302. Harmonic has a fifty-two week low of $2.80 and a fifty-two week high of $6.05. The stock has a market capitalization of $311.16, a price-to-earnings ratio of -3.68 and a beta of 1.01. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 0.57.
Several equities research analysts have recently issued reports on the company. BidaskClub raised Harmonic from a “strong sell” rating to a “sell” rating in a report on Friday, March 2nd. Zacks Investment Research cut Harmonic from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. 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, four have issued a hold rating and two have assigned a buy rating to the company. Harmonic has an average rating of “Hold” and an average target price of $5.06.
In other Harmonic news, CFO Sanjay Kalra sold 10,455 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $3.53, for a total transaction of $36,906.15. Following the completion of the sale, the chief financial officer now owns 39,198 shares in the company, valued at $138,368.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Neven Haltmayer sold 10,198 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 56,234 shares of company stock valued at $198,506 in the last quarter. 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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