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 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)
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.
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.
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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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