Published On: Wed, Oct 19th, 2016

Harmonic Inc. (NASDAQ:HLIT) Updated Broker Ratings


A number of investment brokers have recently updated their price targets on shares of Harmonic Inc. (NASDAQ:HLIT).

Most recent broker ratings

08/10/2016 – Harmonic Inc. was upgraded to “buy” by analysts at Drexel Hamilton. They now have a USD 6 price target on the stock.

01/13/2016 – Harmonic Inc. had its “outperform” rating reiterated by analysts at Northland Securities. They now have a USD 5 price target on the stock.

09/10/2015 – Harmonic Inc. was upgraded to “buy” by analysts at Sidoti.

07/28/2015 – Harmonic Inc. had its “hold” rating reiterated by analysts at Jefferies. They now have a USD 6.5 price target on the stock.

05/11/2015 – Harmonic Inc. was upgraded to “buy” by analysts at Zacks. They now have a USD 7.5 price target on the stock.

10/27/2014 – National Alliance Capital Markets began new coverage on Harmonic Inc. giving the company a “hold” rating. They now have a USD 7 price target on the stock.

10/24/2014 – National Alliance Securities began new coverage on Harmonic Inc. giving the company a “hold” rating. They now have a USD 7 price target on the stock.

01/30/2014 – Harmonic Inc. was downgraded to “hold” by analysts at TheStreet.

01/21/2014 – Bank of America Merrill Lynch began new coverage on Harmonic Inc. giving the company a “buy” rating.

01/17/2014 – Harmonic Inc. was downgraded to “underperform” by analysts at Raymond James.

The share price of Harmonic Inc. (NASDAQ:HLIT) was up +1.83% during the last day of trading, with a day high of 5.70. 920581 shares were traded during the last session.

The stock’s 50 day moving average is 5.17 and its 200 day moving average is 3.72. The stock’s market capitalization is 433.07M. Harmonic Inc. has a 52-week low of 2.51 and a 52-week high of 6.13.

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. Its Cable Edge business sells cable edge solutions and related services to cable operators. The Video segment offers software-based media processing platforms. The products in the video segment include video processing solutions, and video production platforms and playout solutions. The Cabled Edge segment offers products, including edge quadrature amplitude modulation (QAM) products, centralized converged cable access platform (CCAP) Solution and Distributed CCAP Solution.