Media coverage about Harmonic (NASDAQ:HLIT) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Harmonic earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the communications equipment provider an impact score of 46.0468105070026 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have effected Accern’s scoring:
- 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 has been the subject of a number of recent research reports. BidaskClub upgraded Harmonic from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered Harmonic from a “hold” rating to a “sell” rating in a research note on Thursday, March 15th. Finally, ValuEngine upgraded Harmonic from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Harmonic currently has an average rating of “Hold” and a consensus target price of $5.06.
Shares of HLIT stock opened at $3.80 on Friday. Harmonic has a 12 month low of $2.80 and a 12 month high of $6.05. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $327.98, a P/E ratio of -3.73 and a beta of 1.01.
Harmonic (NASDAQ:HLIT) last issued its quarterly earnings data on Wednesday, February 28th. The communications equipment provider reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $96.47 million. equities research analysts forecast that Harmonic will post -0.06 earnings per share for the current year.
In other Harmonic news, CFO Sanjay Kalra sold 10,455 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 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 approximately $138,368.94. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Neven Haltmayer sold 10,198 shares of the firm’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 $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. In the last 90 days, insiders have sold 56,234 shares of company stock valued at $198,506. 4.27% of the stock is owned by insiders.
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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.
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