Today, a Director at Harmonic Inc (NASDAQ: HLIT), Floyd Kvamme, bought shares of HLIT for $74K.
This is Kvamme’s first transaction since reporting a Buy transaction on POWI back in November 2017 Following this transaction Floyd Kvamme’s holding in the company was increased by 2.71% to a total of $2.58 million.
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Based on Harmonic Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $90.13 million and GAAP net loss of $13.69 million. In comparison, last year the company earned revenue of $82.94 million and had a GAAP net loss of $24.03 million. Currently, Harmonic Inc has an average volume of 2.64M.
Six different firms, including Merrill Lynch and C.L. King, currently also have a Buy rating on the stock.
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Harmonic, Inc. engages in the design, manufacture, and sale of video infrastructure products and system solutions. The company creates, prepares, and delivers video and broadband services to consumer devices including televisions, personal computers, laptops, tablets, and smart phones. It operates through the following segments: Video and Cable Edge.
