News headlines about Harmonic (NASDAQ:HLIT) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. 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 news impact score of 0.19 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 45.7935926285879 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s analysis:
- 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)
- Jefferies Group Comments on Harmonic Inc’s Q1 2018 Earnings (HLIT) (americanbankingnews.com)
Shares of HLIT stock traded down $0.05 during mid-day trading on Wednesday, reaching $3.80. 597,604 shares of the company’s stock were exchanged, compared to its average volume of 582,424. Harmonic has a 52-week low of $2.80 and a 52-week high of $6.05. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.21 and a quick ratio of 1.03. The firm has a market cap of $327.98, a price-to-earnings ratio of -3.73 and a beta of 1.01.
Several research firms recently weighed in on HLIT. BidaskClub lowered shares of Harmonic from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 30th. Zacks Investment Research lowered shares of Harmonic from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, ValuEngine upgraded shares of Harmonic from a “sell” rating to a “hold” rating in a report on Friday, December 1st. 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. The company currently has an average rating of “Hold” and an average price target of $5.06.
In other news, CEO Patrick Harshman sold 35,581 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were 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 owns 708,160 shares of the company’s stock, valued at approximately $2,499,804.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sanjay Kalra sold 10,455 shares of the business’s stock in a transaction dated 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 directly 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 sold a total of 56,234 shares of company stock worth $198,506 in the last quarter. 5.53% of the stock is currently owned by company insiders.
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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