StockNews.com downgraded shares of Harmonic (NASDAQ:HLIT – Get Rating) from a buy rating to a hold rating in a report released on Saturday.
Several other brokerages also recently commented on HLIT. Raymond James lowered their target price on Harmonic from $18.00 to $17.00 and set an outperform rating for the company in a research note on Tuesday, January 31st. Rosenblatt Securities reissued a buy rating and set a $20.00 target price on shares of Harmonic in a research note on Tuesday, January 31st. Jefferies Financial Group raised Harmonic from a hold rating to a buy rating and boosted their target price for the stock from $14.25 to $19.00 in a research note on Monday, January 9th. Needham & Company LLC reaffirmed a buy rating and issued a $19.00 price objective on shares of Harmonic in a research note on Friday, February 17th. Finally, Barclays upped their price objective on Harmonic from $17.00 to $20.00 and gave the company an overweight rating in a research note on Tuesday, January 31st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Harmonic has a consensus rating of Moderate Buy and a consensus price target of $19.00.
Harmonic Price Performance
HLIT traded down $0.24 on Friday, hitting $12.39. 1,785,174 shares of the stock were exchanged, compared to its average volume of 1,097,548. Harmonic has a 12 month low of $8.25 and a 12 month high of $15.80. The business has a 50-day moving average of $13.81 and a two-hundred day moving average of $13.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.07 and a quick ratio of 0.70. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 47.66 and a beta of 0.88.
Institutional Trading of Harmonic
Harmonic, Inc engages in the development and sale of video delivery software, products, system solutions, and services. It operates through the Video and Cable Access segments. The Video segment sells video processing and production and playout services to cable operators, satellite and telecommunications pay-TV service providers, and broadcast and media companies.
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