Brokerage Firm Rating Update on Harmonic (HLIT)

Harmonic (HLIT) has an average broker rating of 2.5, which is interpreted as a Buy, as rated by 4 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Harmonic (HLIT) : The highest level Harmonic (HLIT) is projected to reach is $6 for the short term and the lowest estimate is at $4. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $4.83 and the possibility the share price can swing is $1.26.


For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Drexel Hamilton upgrades its outlook on Harmonic (NASDAQ:HLIT). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Hold. The rating by the firm was issued on August 10, 2016.

Harmonic (NASDAQ:HLIT): The stock opened at $5.04 and touched an intraday high of $5.24 on Wednesday. During the day, the stock corrected to an intraday low of $5.04, however, the bulls stepped in and pushed the price higher to close in the green at $5.14 with a gain of 1.18% for the day. The total traded volume for the day was 553,304. The stock had closed at $5.08 in the previous trading session.

Harmonic Inc. (Harmonic) designs, manufactures and sells video infrastructure products and system solutions. The Company operates in two business segments: Video and Cable Edge. Its Video business sells video processing and production and playout solutions and services around the world to cable operators and satellite and telecommunications (telco) Pay-TV service providers and to broadcast and media companies. The products offered in the Video business segment include video processing solutions, and video production platforms and playout solutions. Its Cable Edge business sells cable edge solutions and related services to cable operators globally. The products offered in the Cabled Edge segment include edge quadrature amplitude modulation (QAM) products, centralized converged cable access platform (CCAP) Solution and Distributed CCAP Solution.

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