Today it was reported that a Director at Harmonic Inc (HLIT), Susan Swenson, exercised options to sell 30,000 HLIT shares at $4.24 a share, for a total transaction value of $155.4K.
This is Swenson’s first transaction since reporting a Buy transaction on WFC back in April 2008
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Based on Harmonic Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $101 million and GAAP net loss of $7.76 million. In comparison, last year the company earned revenue of $92.01 million and had a GAAP net loss of $15.58 million. Currently, Harmonic Inc has an average volume of 742.3K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $7.17, reflecting a 43.7% upside.
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Harmonic, Inc. engages in the development and sale of video delivery software, products, system solutions, and services. It operates through the Video and Cable Edge segments.
