Harmonic (HLIT) Getting Somewhat Favorable Press Coverage, Report Finds

News coverage about Harmonic (NASDAQ:HLIT) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Harmonic earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media stories about the communications equipment provider an impact score of 45.9334509732536 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Harmonic (NASDAQ:HLIT) opened at $3.75 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.21. The firm has a market capitalization of $311.16, a PE ratio of -3.68 and a beta of 1.01. Harmonic has a twelve month low of $2.80 and a twelve month high of $6.05.

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

Several research analysts have recently issued reports on the company. BidaskClub lowered Harmonic from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 30th. Zacks Investment Research lowered Harmonic from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, ValuEngine upgraded Harmonic from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $5.06.

In other news, 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 value of $36,906.15. Following the sale, the chief financial officer now directly owns 39,198 shares in the company, valued at $138,368.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 in the company, valued at $2,499,804.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,234 shares of company stock worth $198,506. Corporate insiders own 5.53% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://sportsperspectives.com/2018/03/14/harmonic-hlit-getting-somewhat-favorable-press-coverage-report-finds.html.

About Harmonic

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.

Insider Buying and Selling by Quarter for Harmonic (NASDAQ:HLIT)

Receive News & Ratings for Harmonic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harmonic and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply